Markets are changing almost daily. Transportation cost savings are frequently available despite volatility in the truckload, less-than-truckload and parcel environments. Now may be the best time to audit logistics operations in your business.
Supply chain strategies after the COVID-19 disruption will likely be significantly different for many organizations. Those new strategies, like the old, will be built on data, but it, too, will be quite a bit different. Information that drove network design decisions may no longer apply and any crisis responses deployed today may no longer be valid next month.
The drive for visibility across the supply chain is based on the assumption of accurate data at every step. However, as the flood of data collected in the supply chain grows, it’s becoming more difficult to manage and analyze it for strategic insights. Any inaccuracies could lead to conclusions that result in misguided strategic and tactical decisions.