Get the latest trends & news in Logistics & Supply Chain. This section covers brief information and stats to manage logistics & supply chain in retail industry.
The impact of the ongoing pandemic will sprawl over 2021, hence it's only logical to expect those new supply chain and logistics trends that emerged in 2020 to lead the way next year.
Domestic firms must now develop its own local sourcing units and adopt alternatives strategies to reduce its dependency on imported goods and raw materials.
In today's world of disruption by new age tech startups or impact due to geopolitical factors that are beyond human control has a significant effect on the procurement, movement of goods, value addition, and timely delivery.
Like with any distribution network, whether for energy, data or inventory, there will be surges when products are moving through the network. Therefore, the network needs to be ready with extra capacity to meet these needs.
The study also reveals that 97% of organizations believe that current last-mile delivery models are not sustainable for full scale implementation across all locations, and that free shipping costs cannot be maintained unless delivery costs are reduced thr