Building the Supply Chain of the Future, Today!


The COVID-19 pandemic has impacted every industry around the globe in unprecedented ways. It further forced the organisations and governments to take drastic safety measures such as lockdowns and restrictions on people and goods’ movement. 

The top three supply chain strategies for 2021 are: expanding collaboration with supply chain partners (48%), improving agility to respond to fluctuations in demand (45%), and improving the ability to leverage shopper behaviour data (45%) as per RIS Supply Chain Technology Study.

Supply chain agility today needs to be a core part of any business’s operations. The pandemic has confirmed that the supply chains that are agile enough to adapt quickly will survive in these challenging times.


The Inevitable Repercussions of the Pandemic

  • Transport and consolidation for sourcing – Managing local quality checks and a steady supply, addressing the transportation capacity bottlenecks and the limited transparency in the overall supply chain
  • Warehousing – Limited storage capacity and lack of routine, suboptimal SKU formats and imprecise product information, lack of expertise and sophistication in storage
  • Inbound transport – Restricted and volatile freight capacity, extraordinary time pressure, unreliable ETA, lack of traceability
  • Customs and regulation – Uncoordinated fast track, certification and qualification of the value chain partners, customary changes, and country variations
  • Distribution and last mile – Less transparency on stock levels and demand, Challenging transportation planning, and carrier management

While the pandemic has brought forward many challenges, it has also encouraged a more resilient and agile supply chain. 


Detangling the Supply chain complexity 

Global supply chains rely on a broad range of digital transportation capabilities across modes. It is not only a highly digitised supply chain but an augmented supply chain that is set to revolutionise the industry.

The augmented supply chain solutions give you a competitive edge in the current market scenario and future proof your supply chain by preparing your business for the tech of tomorrow – Voice control, machine learning, 5G tech, immersive reality, blockchain, and more.


How does Augmented Supply Chain Solutions benefit?


  • Data-driven Insights
    • Detailed real-time visibility of shipments
    • Analytics-driven demand forecast and distributed order management
    • Transport Planning, Order Optimization, and Simulation

A logistics service provider with extensive data capabilities can help overcome the transparency issues experienced during the COVID crisis. Such capabilities allow real-time visibility on shipment status and monitoring, accurate and flexible transport planning, order simulation & business forecasting.

 

  • Emergency Action Plan
    • Demand Sensing: Define critical product categories and set-up demand monitoring and forecasting models
    • Sourcing: Predefined long and shortlists of suppliers for supply and logistics services
    • Procurement: Secure with buffer stock and supply at contracted tariffs in advance
    • Inbound logistics: Select best LSP in advance based on required optimum capabilities
    • Business Modelling: Establish an efficient collaboration model and new normal business modelling principle

 

  • New Normal Network
    • Strategic Partnership Models: Establish end-to-end supply chain orchestration between manufacturers, logistics service providers, and customers
    • Partnerships Among Ecosystem Stakeholders: Establish supply chain collaborative model

 

  • Digitized Supply Chain
    • Data sharing: Adapt existing solutions to set up a logistics data sharing platform
    • Data collection: Fortify timely, accurate, and standardised data collection

 

Augmented, Data-driven and completely digitalized supply chains are the response to the massive disruptions like the COVID-19 pandemic.

Comments

Post a Comment

Popular posts from this blog

Discover the Potential of Augmented Supply Chain

Image
The world is changing, and advanced technologies are dramatically disrupting the supply chain ecosystem. The Internet of things has radicalized how machines interact with people and one another. Sensor-driven technologies and advanced analytics hold promise in restoring the balance between workload and production. The supply chain is standing on the cusp of innovation and augmented reality (AR) is becoming more applicable to today’s supply chain needs. Most of the organizations have been adopting digitalization to participate in and add value to the network. Seamless system integrations are vital to establishing real-time integrated logistics and predictive networks. The future belongs to the organizations competing— and winning—based on the capabilities they can connect across their supply networks. With time, supply chain processes must augment and change with a massive injection of new technologies, robotics, artificial intelligence, big data approach, and contemporarily become more...
Read more

Top 7 Challenges Faced by Logistics Service Providers in Transportation Management

Image
With the increase in trade activity on a global front, several companies are trying to make their presence felt in the transportation industry. After all transport and logistics aid different businesses to forge relationships and collaborate with each other. Many believe that large organizations opt for in-house supply chain management and logistics to meet their business requirements. However, research reveals that most Fortune 500 companies prefer Third Party Logistics services for their needs. The companies prefer third-party logistics owing to their huge network that ensures a competitive advantage over most in-house supply chain systems. Outsourcing logistics also reduces time, effort and money while ensuring a seamless process. The market is competitive and providers need to retain clients in an aggressive manner, especially in the field of transportation. Here are some of the biggest challenges faced by third party logistics service providers: Time Utilizat...
Read more

Five ways Cloud Technology is transforming Supply Chain Management

Image
Cloud technology is transforming industries by leaps and bounds. Transport & Logistics is one of the prominent sectors affected by the digital revolution. By 2020, approximately 80% of supply chain interactions will happen across cloud-based commerce networks. The new rules of the game are radically changing the supply chain industry . Be it new regulations, or buyer expectations, the traditional supply chain model is being challenged at every step. The growing demand for end-to-end visibility, agility, and integration is beyond what traditional supply chain systems can offer. Here are the five top ways of why supply chain leaders are moving to cloud-based solutions. 1. Curb Operational Costs Cost is a major factor that plays a vital role in an organization’s growth strategy. It’s evident that digitalizing the procedure reduces cost, especially in supply chain management. Further, process automation results in higher efficiency. Integrating an automated shippin...
Read more