Advanced analytics and accompanying technology has made supply chain services evolve more rapidly than ever before. Any e-commerce logistics company seeking to grow should observe the current and emerging trends in logistics to stay above their competition and optimize their systems. Here are some of the most popular supply chain trends of present day and how you can implement them to grow your business.
Technology and Digital Processes
Companies are turning to robotics technology in the supply chain, autonomous vehicles for shipping, and cloud technology software to streamline data, achieve supply chain sustainability, and gain visibility and automate processes in real time. The down side to technology and digital processes is that it includes cyber security vulnerabilities. With the rise of cyberattacks in supply chain services, companies should also consider software that boosts security to protect sensitive information.
Mobile technology is another current and future trend in supply chain management. Unfortunately, adopting such technology has been a slow process for many companies due to hesitation. Questions such as, “Will the drivers use them?”; “What are the legal ramifications?”; “Who will pay for them?”; “What about data security?”; and more have held companies back from exploring the full potential of mobile tech in the supply chain. Mobile tech can be used for asset tracking, real-time collaboration, information exchange, accurate insights to business performance, and increased productivity of the mobile workforce through scanners and other digital tools.
Social Responsibility in Supply Chain
Corporate social responsibility (CSR) refers to sustainability, carbon foot reduction, and transparency in the supply chain. Instead of waiting for pressures of legislation and public opinion to start making CSR a priority, you can take this approach earlier on to increase revenue, secure customer and employee retention, and generate appeal for the brand. Social responsibility is not just a trend; it’s actually in style. These positive motivational factors drive organizations to grow.
Supply Chain Analytics
Supply chain analytic trends have moved from Lean principles alone or the Agile approach alone to a hybrid of the two. This approach allows for interactive flexibility that is necessary in today’s manufacturing environment. Technology is at the heart of analytics because it enables leaders within the supply chain to accurately predict possible challenges and react to the unexpected more effectively.
Supply Chain Sustainability
Rules and regulations on transportation and customer expectations have driven companies to be as environmentally friendly as possible. Logistics organizations around the world are finding ways to integrate sustainable strategies and processes into the supply chain. This can be done by going paperless, watching fuel consumption, being efficient with administration, and managing time more effectively. Companies can achieve this by working with a third-party logistics (3PL) company.
Get Logistics and Warehouse Management Support at LSS
If you’re looking for supply chain management in Toronto, Lean Supply Solutions can help you. We make ourselves aware of supply chain management trends and issues as they arise to help our clients get the most out of their operations. We can help your warehouse management goals work better than ever before. Our third-party logistics, packaging, and supply chain management can streamline your processes for better success. By striving to ensure that the right products are provided to the right customers at the right time, Lean Supply Solutions is able to offer consistent, accurate, and quality results. To learn more about outsourcing to our 3PL distribution team or to ask any questions, contact us at 905-482-2590.