Supply chain leaders are under more pressure than ever to lower costs, expand margins, and balance growth and profitability — all while facing skilled labor shortages and rising materials and logistics costs.
Amir Fadavi, senior director with K2 Integrity, advises on the risks that supply chains face today in complying with a growing number of trade regulations and restrictions.
Avoiding the Suez Canal is raising volumes at European seaports farther from the conflict, leading to more combined sea-air transport through hubs such as Dubai.
With every advance in communications technology comes a fresh vulnerability that opens the user to cyberattack. So it goes with 5G mobile connectivity.
Improved use of tires and braking systems, not to mention safety, are among the gains expected when automated trucking is widely implemented in U.S. supply chains, says Peter Coratola Jr., CEO and founder of Ease Logistics.
While more conventional direct theft of freight during transit still does occur, theft resulting from fraudulent activity has risen sharply in the last 18 months.