The past decade was a defining time for the global logistics industry that saw the sector grow tremendously. It is the decade that saw the introduction of various aspects that made the industry improve while also introducing different challenges that were never seen before. Advancements in technology strengthened the capabilities and operations in logistics such as packaging, labeling, and shipping while also introducing challenges such as loss of job and security concerns. As we begin a new year, these are the trends that will shape the supply chain industry going forward.

New year – but the same problems are plaguing the supply chain industries world-wide. Supply chain companies are under increased pressure to decrease delivery time without raising the cost of shipping. To add to that - organizations are scrambling to come up with solutions that will not only grow their business but retain qualified employees.

Retailers often face challenges when it comes to balancing their acts within their supply chain. This said, understanding the elements that make a multichannel and omnichannel supply chain is critical to success of any business and is essential for profit-making. With the rise of the internet, multichannel supply chain has gained traction and offers companies a variety of options on how to reach their consumers. However, determining the most efficient set up despite the technological tools at your disposal is not as simple as many people would want to believe.

On July 6, 2018 after months of threats, the United States began to collect a 25% tariff on $34 billion worth of imported Chinese goods. Today, that number has reached $250 billion with the US-China Trade War showing no sign of being resolved in the near future.