Low safety stock globally is fueling demand beyond Christmas, and full relaxation is not like before Q42022, consultancy firm Accenture said in its latest report.
"Only moderate and long-term effects of short-term actions (e.g. U.S. government on port congestion, carriers ordering additional vessels) are likely," the report, Accenture Logistics Radar, said.
Accenture's suggestions include:
1. Identify short-term alternative transport modes (e.g. Coca-Cola using bulk transportation; rail freight from APAC)
2. Multi-echelon supply chain analysis and improvement to deliberately use existing inventory to increase supply chain output (reduce safety stocks)
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Integrate a blockchain-based supply chain management software into your business with the right solutions from a supply chain management software company!
DHL Global Forwarding has announced that leading global water technology company, Xylem, has chosen them as their primary logistics provider for humanitarian relief activities delivered through its corporate social responsibility programme - Xylem Watermark.
Agility Ventures, a corporate venture arm of global logistics provider Agility, has committed to an ambitious environmental strategy by investing18 million in green supply chain technologies so far.
Agility also launched its latest sustainability report, 'Values into Action'.
Agility Ventures has made green technologies one of its four core investment areas.Read More ............
There has been a complete shift of businesses, take it from the global economy falling down and the suffering end of the logistics and supply chain management industry.
The very first thing to know is that industries are going down, the globe is suffering, and if this doesn’t end, it might make things much worse.Coronavirus (COVID-19) outbreak has already impacted the global economy and healthcare of the common public, now the industries getting impacted because of the downfall of the logistic supply chain industry.
have impacted the supply of essential products and food utilities.Many countries, especially such as the major developed country, the USA, that rely on foreign manufacturers to supply them with goods and services are facing a shortage of supplies already with their business shut down.How bad is the impact of Coronavirus on Supply chain & Logistics IndustryThe logistics and supply chain management industry is one such sector of the market which when affected causes major disruptions up to the level of the common public.
It is a market that runs on the business deals and understanding of different countries with each other to provide the basic necessities to their people.Coronavirus outbreak has impacted the supply chain and logistics industry at a major level as the import and export is at the halt and the supply of services and products have stopped, causing a huge threat to the economy and availability of food items and stuff.As the demand falls, these industries have to settle and create suitable strategies and measures of production values, posing a threat to their economy and business growth.
At such a time, it would be an aiding option to contain the supply chain risk by using correct data sets and forecasting tools to get the right perspective of supply, also making right decisions as per the changing environment of the market would also be a good option.A market research company in India suggests after analyzing the ongoing situation that many businesses are to mobilize and st up rapid crisis management mechanisms in order to make sure their business continues.
Even though it might not be for a long-term basis, the logistics and supply chain management industry ought to plan for the medium and long-term plans to have resilience for future reference.Recovering and surviving the impact of Coronavirus on Supply Chain and LogisticsThis very stage is requiring businesses to estimate their inventory in their value chain.
Warehouse space is effectively sold out in the U.S as demand has pushed the vacancy rate to a new low of 3.9 percent.
"What is available is increasingly more expensive.
Logistics customers must move fast to lock down space," Prologis, a global leader in logistics real estate, said in its update on Industrial Business Indicator (IBI).Strong retail sales and supply chain challenges are driving urgency in leasing, Prologis said.
Net absorption reached a record high of 115 million square feet (MSF) in Q3 and 280 MSF year-to-date — more than double the same period last year.Read More...www.logupdateafrica.com
Are you surprised by the radical shift brought into the logistic industry?
Do you know which technology will pave the way for a revolution in the supply chain model?
Well, as much curious you are, we are more excited to share the details with you.
Here is the blog that highlights what things will follow in 2021 and trends that would mark history in the logistics and supply chain industry.
Have a lookCall us for any further support on the topic.
