Shifting consumer habits, manufacturing agility, investments in supply chain technologies
Global Trade Magazine | October 16, 2018
In an era where technology is continuing to migrate consumer spending habits online and away from brick-and-mortar stores, the newly released 2019 Third-Party Logistics Study highlights how supply chains are also going digital and using science to keep pace. The publication, available, is created and supported by Infosys Consulting, Penn State University, Penske Logistics, and Korn Ferry. Here are a few notable findings from the report. What are the top concerns and challenges in regards to supply chain decisions? This can be answered from two different perspectives: the companies that manufacture and distribute goods and services and third-party logistics providers (3PLs). In order, the top nine concerns for shippers:infrastructure; workforce readiness; economic stability; freight/supply chain transparency; lack of strategic partners/suppliers in the region; regulations/tax structure; security/crime/corruption; executive-level talent; border-crossing delays. The list for 3PLs: workforce readiness; infrastructure; economic stability; freight/supply chain transparency; lack of strategic partners/suppliers in region; executive-level talent; security/crime/corruption; regulation/tax structure; border-crossing delays.