TY - How to Pandemic-Proof Your Supply Chain

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Read Time: 4 minutes

The shipping industry is notorious for its lack of transparency. Nowhere has this been as glaringly evident as it was in the wake of the 2017 Hanjin collapse – a massive failure of one of the world’s largest shipping companies. Fueled by the worldwide economic downturn, reduced freight rates, and mounting debt, the company went bankrupt and applied for court protection.

Read Time: 4 minutes.

As global markets continue to shift, volatility seems to be the only constant. This is true for just about every industry, including shipping and logistics. Carrier pricing is directly affected by everything that’s going on today. COVID-19 has spurred a massive surge in consumer demand, but that is only one factor. Tariffs, embargos, and trade wars are not only changing the way manufacturers conduct business, but it’s also changing how shippers operate.

Read Time: 4 minutes.

As warehousing, manufacturing, and the supply chain continue to gain complexity, new warehouse technology innovations are paving the way for growth and cost-efficiency – and not a moment too soon. With rising costs and talent shortages plaguing the industry, traditional processes just don’t fly anymore. It’s almost hard to fathom how much things have changed from what they were only 20 years ago.