Saving money is an important topic for any industry. Every industry is focused on their bottom line. Over the past 5 years, many businesses have started to really look over their supply chain as a way to reduce their costs. Some of the large players such as Amazon are putting pressure on the rest of the market to not only lower costs, but also deliver service levels that are faster and of higher quality. There are several areas to reducing supply chain costs in 2019. Some of these areas are more obvious than others.
Sometimes, we can almost view the supply chain, or the broader economy, as being a little bit like a self-sustaining ecosystem.
You know how you’re told not to stomp on bees when you’re out and about because their demise could upset the delicate balance of nature? That with fewer bees, there will be less pollination, meaning less food for other animals? Well, it would seem that someone has been stamping on our cargo pilots, as there is currently a serious shortage of them to help carry shipments. What does this mean for the industry at large, and for your business specifically? How does this compound the issues we’re already facing with the truck driver shortage?
A cyber attack or virus can bring an entire network of systems to a standstill in the blink of an eye, and it could mean that your supply chain comes to a complete, dead stop. In October, reports emerged that claimed covert microchips had been placed in the servers of Amazon computers – and the potential risk this poses to companies and customers alike should tell you enough.
Here’s why cybersecurity is important to supply chain.
Supply chain management is not an easy business to be in, and when hurricane season hits the added pressure can make many businesses crack. Don’t let that be you. If you live in an area that’s prone to hurricanes, then you should start to prepare your supply chain for hurricane season early on – with weather conditions changing all over the world, you should also start preparing if you find yourself in a danger zone near a natural disaster which might affect your supply chain.