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These 5 Pandemic-Driven Supply Chain Changes Need Watching

As vaccine rollout begins to catch momentum and countries show signs of putting coronavirus under control, attention is now being turned to the recovery of the economy and the sectors that have been severely affected. One of these areas is the supply chain, which forms an integral part of everyday life. The supply chain management will emerge differently from the pandemic, with transformation expected in transportation, logistics, and warehousing. Here are some most significant trends that you should expect in 2021 going forward that will influence companies and their strategic plans.

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Understanding Supply Chain Services

Simply put, a supply chain is made up of the activities or processes needed by an organization to deliver goods or services to a consumer. For any business that manufactures or deals with a product or a service, a supply chain of a given size is needed to avail them to the consumer. It begins with sourcing raw materials, manufacturing, and finally delivering the finished product to the customer. Supply chain management (SCM) entails overseeing and regulating the supply chain and ensuring that every aspect works as required. 

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Local Delivery Will Determine Your Retail Success

Putting an effective shipping strategy in place is one of the leading steps you can take to grow your business. In an era where many companies have invested in e-commerce channels, supply chain management and operations will be impacted largely by its online presence. Although there are many things that you must consider at different times of the year, the biggest ones are timely shipping and order fulfillment. In the future, retailers will need to have a robust merchandise shipping method to impress their customers or return if products fail to work as expected.

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US White House Prioritizes Supply Chain Challenges

Supply chains are volatile, with the potential to test the strength of any leadership to a great extent. In recent years, American leadership has struggled with ensuring the availability of essential products such as medicine, food, and computer chips. Last year, the coronavirus pandemic made things worse. It furthered the scarcity of items, most of which were needed during the pandemic, such as the personal protective equipment (PPEs) required by the frontline health workers.  For this reason, the White House has prioritized the creation of a more resilient supply chain that is secure and has the potential to deliver critical and essential goods. 

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Due to a Fractured Supply Chain - Thousands of Vaccines are Wasted

The supply chain was already fractured before Covid-19 – but the pandemic that has been plaguing the globe for over a year made it worse. At the start of the pandemic grocery stores could not stock their shelves fast enough which created a shortage of toilet paper, cleaning supplies, and food. One year later – shelves are stocked, but vaccine distribution is creating challenges for the industry causing disruption to vaccine deliveries.

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Are You Considering Any of These Six Approaches This Year?

In today’s business environment, repeating the same strategy, over and over again- even if it has been working well- will no longer assure you success. There is always pressure to compete in a challenging environment. There is also a need to contain spiraling costs and produce results, regardless of the problems in the business environment. Rather than merely improving your operations, you must transform completely. You have to stay in touch with the ever-changing business landscape. As we embark on a new year, here are some approaches that you need to consider for your supply chain business.

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Are You Up to Date on These 5 Strategies to Improve Your Supply Chain?

Supply chain industry is no longer what it used to be back then. It is now more complex than ever and the ever-changing socio-economic and market factors have made it even more unpredictable. In the face of the world’s biggest pandemic arguably never witnessed before in human history, the supply chain has faced untold challenges made even worse by a more connected world where no country can survive alone. For a supply chain organization to respond to the changes in demand and the rising protectionism, one must devise new strategies and new variables. Here are some strategies that you may need to improve your supply chain:

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The Supply Chain is Changing - Are You Ready?

Supply chains are a lifeline to your businesses. Therefore, just like any other thing that people depend on, they are prone to changes. In supply chain, technological integration and digitization are some of the aspects that have been acquired substantially, leading to notable changes. More and more competitors benefit from the ever-increasing efficiencies that are enabled by the processes of automation. Since March, we have seen the impact of the coronavirus pandemic and how it has impacted the supply chain. As people started buying and hoarding essential goods in bulk, supply chains struggled to keep up with rapid changes. The pandemic is expected to change the supply chain industry for good, and some of these changes might be irreversible. The question is, are you ready? Here are some of the supply chain trends that you should expect from now going forward.

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Realigning supply chain logistics for a new world

Many brands seriously affected by the global pandemic have chosen to change their product and service offerings and transform business models in the name of helping the frontline response. They’ve coped well with the disruption and made a positive contribution, all while keeping the bottom line stable.

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Supply Chain Causes Disruption to Covid-19 Vaccine Delivery

Create a Covid-19 vaccine. Check. Get FDA Emergency approval. Check. Set up priority guidelines Check. Deliver vaccines to healthcare institutions across the country. Houston…we have a problem.

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