The global pandemic has brought logistics and supply chain management to the forefront in a very unprecedented way. COVID-19 has caused global supply chain issues as well as drastic shifts in consumer needs and demands, resulting in a difficult and volatile year for many industries.
As we enter what could be, the beginning of the end of the pandemic, companies can look forward to long-term shifts in logistics. Here are a few trends that businesses should anticipate.
Increased Demand for Supply-Chain Visibility
Logistics issues during the pandemic, combined with many people working remotely, led to increased demand for supply-chain visibility. Businesses now desire (and require) more data on all aspects of the supply chain and increasingly rely on technology to control their supply chain.
Using technology lets businesses acquire data with virtually real-time transportation information. This information allows companies to anticipate delays, quality issues, or damage to shipments. The data also allows for identifying areas of weakness as well as constant improvements in processes and systems. As a result, even after the disruptions and shifts from COVID have passed, the demand for visibility will likely remain.
The Development of Contact-Free Operations
Another benefit that technology brings is increased contact-free operations. The pandemic put pressure on many organizations to go paperless and contactless and in doing so helped to ensure employee safety but also led to improved tracking and processes.
While going contactless has challenges, namely that all businesses in the supply chain have to adopt a standardized electronic document system, companies will likely to continue to push for contact-free operations even after the pandemic has ended.
Reevaluating Sourcing Strategies
As businesses dealt with global supply chain issues, many realized the importance of having quality suppliers. This has led to many industries and companies to reconsider sourcing strategies and to look for new opportunities. Even after the volatility of this year passes, companies will most likely to continue to reevaluate their sourcing strategies, working to ensure that they have strong strategic partnerships.
Increased Agility and Flexibility
Finally, Businesses have had to learn to work with the uncertainties of the last year while being agile when facing new challenges. Companies that have done this have been able to leverage uncertainties, using them to their benefit. Now, more and more companies are working to ensure that they anticipate potential risks while having systems that are flexible and resilient when faced with unforeseen challenges.
While the end of the pandemic appears to be in sight, COVID-19 will have lasting impacts on logistics and supply chain. Businesses that adapt to these changes and see them as opportunities to improve their supply chains will gain a competitive edge while better weathering future challenges.
As businesses adapt to the changes brought about by COVID-19, it’s essential that they have a trusted logistics partner by their side. Throughout the pandemic, ClearFreight has continued to provide our customers the unparalleled level of service and support they’ve come to expect. Contact us today for more information on how we can help your organization adapt to the future and strengthen your supply chain.