The ongoing supply chain crisis has prompted some large companies to chart their own course—quite literally.
Amazon drastically increased its Prime Air flights over the last six months to deal with ongoing congestion and supply chain bottlenecks. Walmart is chartering its own ships, reportedly to the tune of up to $50,000 per day. And since October, the multinational toy manufacturer Ty has reportedly dropped at least $225 million on airlifting their popular «Beanie Babies» from China to the US.
These are extreme—and costly—business decisions made by some of the largest companies in the world. But starting a shipping firm simply isn’t a realistic option for small companies on a tight budget. Moreover, experts predict the domestic shipping crisis won’t ease until well into 2022, which is far too long for companies that have already taken a hit to wait for things to return to normal.
So what can companies who can’t afford their own fleet of planes or ships do? The bright side is that shippers are in a unique position to capitalize on a shipping solution that offers stability, visibility, and responsiveness—especially with the right partner on their side.
Despite large-scale efforts to address the container ship traffic jam, including an order from the U.S. President to keep ports open 24 hours, this problem is far too massive for an overnight fix. What happens at the ports ripples across the entire supply chain, affecting how shipments are delivered to drivers, warehouses, retailers, consumers—and everyone in between.
Because the supply chain is so interconnected, the most significant opportunities for improvement begin with meaningful investments in logistics teams. For large companies, these investments may take the form of private fleets, chartered ships, or expedited transportation. For smaller, more budget-conscious logistics teams, upgrades are increasingly focused on more robust internal processes.
The value of outsourced logistics
Now more than ever, it’s critical that shippers turn their attention to visibility and responsiveness across the supply chain. This renewed focus will help navigate current issues and get ahead of future problems.
An investment in outsourced logistics management services is the optimal solution for logistics teams amid challenging, transitional periods. In fact, outsourced providers like CTSI-Global were built for these moments.
CTSI-Global’s proprietary transportation management system (TMS), Honeybee TMS™, allows shippers to better communicate with carriers, track shipments, automate processes, and handle payments—all in one, intuitive platform. The best part? Real-time insights into supply chain operations that can inform smarter business decisions.
For over 60 years, CTSI-Global has provided shippers with the people, knowledge, and support they need to weather any storm with smoother operations.
Contain problems with the right partner. Contact us today to get started.