The events of the past 16 months have done significant damage to supply chains around the world. And while there’s a lot to be said about the importance of building resilience to prevent future disruptions from having as catastrophic an impact, the top priority for most shippers right now is simply recovering and rebuilding.
Unfortunately, we’re far from out of the woods just yet—and though some initial challenges may have eased up, there are plenty more on the road ahead. Here are three key issues that shippers will have to overcome as they rebuild their supply chains.
Challenge #1: Too few qualified people
Getting operations up and running again, let alone optimized, requires the right people. But since many shippers had to downsize during the pandemic, they now find themselves short on staff at a time when they need them the most.
Finding qualified talent has always been difficult and costly, but it may be even more challenging right now with so many companies competing for the same limited talent pool. In 2016, the Society for Human Resource Management (SHRM) found that it takes companies an average of 42 days and more than $4,100 to fill an open position. Those numbers may be even higher now, given the current talent shortage. Add to that the time and resources that go into training a new team member, multiplied by the number of roles that need to be filled, and the final tally can be eye-watering.
Partnered logistics management services can help companies solve this problem. At CTSI-Global, our expert team can handle day-to-day tasks, freeing up in-house teams for bigger-picture work. That way, companies can rapidly scale up their operations—without having to find, hire, and train entire teams first.
Challenge #2: Not enough time
Finding people is challenging but not impossible. One thing that is impossible to find more of? Time.
Countless companies are trying to make up for lost time, but the sector facing the biggest challenge here is retail. With Black Friday and the wider holiday shopping season looming—a period that often accounts for as much as 60% of a business’s annual sales—companies need to ramp up operations quickly if they want to make up for revenue lost during the pandemic.
This is another area where outsourcing can be hugely beneficial. Our team has vast experience plugging into retail supply chains and hitting the ground running. So while you can’t find more time in the day, you can make the most of the time you have with the experts on your side.
Challenge #3: Outdated processes and tools
Before the pandemic, companies might have been able to get by with clunky processes and outdated tools. Sure, they weren’t the most efficient, but they got the job done. Now, however, as they struggle to rebuild their supply chains, those same processes and tools may be what drag them down.
It has never been more important to have tools and processes in place that boost efficiency, provide visibility, and enable smarter, more informed decision-making. An Excel spreadsheet is not enough. With a robust transportation management system backed by strategic business intelligence features, shippers can manage their operations at a high level all in one place—and find the insights they need to steer their business safely out of this challenging period.
Helping supply chains heal for more than 60 years
As we emerge from the pandemic, the next few months will be critical. Businesses that don’t take quick, decisive action to rebuild their supply chains may never recover.
You don’t have to go it alone. At CTSI-Global, we’ve been in the logistics game for more than 60 years, which means we have experience helping shippers recover from all manner of catastrophic events—from the 2008 financial crisis to natural disasters and everything in between.
This situation is unprecedented, but we have the tools and expertise to help you recover, rebuild, and come back stronger than ever. Contact us today to get started.