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The Supply Chain Professional of the Future Will Need These 4 Skills
| March 2, 2020
Diakon Logistics is a national 3rd party logistics company (3PL), providing dedicated transportation, warehouse and home delivery services to national, regional and local retailers.
Article | March 26, 2020
Supply Chain Digital takes a look at how Oracle is helping organisations make their supply chain management future ready. In supply chains of the future, traditional organisations are facing increased process and operational complexity. In order to combat the challenges of Increased buyer expectations, shorter product life cycles, new and changing regulations, trade volatility and fluctuating demand, Oracle details the six essential strategies for supply chain management.
Safety is not just a poster or a slogan – it is a culture that must be built and maintained. The keys to creating and maintaining a culture of safety in the warehouse are people, processes, tools, and technology. Through a holistic approach that encourages collaboration and visibility at all levels, shippers can ensure their warehouse environments are fully optimized for safe practices, allowing them to focus their energy on meeting the fast-paced demands of today’s consumer.
Freight pricing continues to change across the globe. According to Darren Dodson of Material Handling & Logistics, the state of e-commerce will drive the majority of freight rate changes as more than 8.6 billion packages will make their way to U.S. customers in 2020. Traditional demands of the supply chain market, including increased visibility, better efficiency, and faster service, will also force the freight pricing 2020 trends into an upswing. However, the recent events surrounding the coronavirus and potential disruption to the supply chain will serve as a check to keep carriers competitive and help shippers maintain freight spend control.
The COVID-19 virus event has been a supply chain risk waiting to happen. A virus is not a ‘black swan’ event, but a ‘known-unknown’. The potential risks and likely consequences of a new virus were evident at the time of the SARS virus of 2002-3 and the H1N1 virus of 2009. The difference between then and now is that the global economy has changed. China’s economy is about four time larger than when the SARS virus event occurred, which has influenced region trade lanes to be more dependent on China.
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