The global supply chain is perpetually changing, and consistency is hard to find.
Major disruptions—like natural disasters, security threats, and climate change—are rapidly reshaping the way organizations approach their logistics management practices. Anticipating and responding to disruptions presents a greater challenge than ever before. But luckily, supply chain technology has never been more equipped to help shippers deal with them.
Tempering price surges
Managing costs is a critical component of maintaining a sustainable supply chain, but it’s getting harder every day. As reported by Bloomberg, many carriers are currently charging as much as 25% more than they were this time last year. And rates are still going up.
To combat an expected rise in shipping prices, some organizations pass the cost off to their customers. But there’s a better answer—one that protects your bottom line without threatening customer relationships or your competitive edge. A modern transportation management system (TMS) allows teams to rapidly source real-time rates and explore the cost-saving opportunities that different routes or schedules offer, helping them find the optimal solution every time.
The right TMS also provides access to advanced analytics and predictive forecasting features that make it easier to explore shipping data for savings opportunities and anticipate emerging trends. And by combining insights from their TMS with both freight audit and benchmarking data, shippers can ensure that if they do need to pass costs on to the customer, they’re doing so in a way that aligns the current market reality with their own best interests.
Navigating extreme weather and natural disasters
Extreme weather is more than an inconvenience for your logistics management operation, and the frequency of delays due to inclement weather is steadily climbing. As climate change adds an extra layer of risk and uncertainty to global weather patterns, preparing for unexpected delays and disruptions to the global supply chain should be on every team’s radar.
A TMS that offers robust routing and in-transit tracking features can help shippers monitor changing weather conditions, adjust routes or schedules accordingly, and make backup plans. Modern supply chain technology is also providing logistics teams with a simpler, faster way to locate delayed or lost shipments and keep customers in the loop.
Increasing access to essential tools
Recent events have proven the danger of location-bound tools. If everything a team needs to operate effectively is only accessible when people are onsite, then any cause for closure—from a small fire to a global pandemic—is guaranteed to result in problems and delays.
Many modern supply chain solutions are cloud-based, allowing supply chain teams to keep the lights on from anywhere. This not only minimizes the impact that facility closures will have but also allows some staff to work from anywhere, which is ideal if they need to travel for work or take care of personal needs.
Prepare for the future of supply chain management
Volatility in the global supply chain is a threat that won’t be going away any time soon. But with the right tools, it doesn’t have to leave your operations in a tailspin.
Build resilience before it’s too late. Contact us today to get started.