LOGISTICS
Future supply chains ‘ will look very different ’ The paper concludes : “ Future supply chain logistics will undoubtedly look different from today ’ s offerings , as supply chains start to move closer to the end consumer , with fewer intermediate parts traded over long distances .”
It continues : “ While it is still unclear how pervasive nearshoring will be , heightened uncertainty has already impacted supply chain decisions in some sectors .
“ Multi-sourcing and changes in inventory management will become more widespread and will need to be supported by new and more holistic logistics offerings , to manage complexity and cost .”
The paper also says that integrated logistics and fulfilment strategies “ will be in even sharper focus in order to meet consumer demand for flexibility , speed and reliability across a widening range of delivery channels ”.
In conclusion , the paper says that outcome-based , long-term logistics partnerships are needed “ to deliver seamless , cost-effective and resilient supply chain solutions based on widely accepted ESG standards ”.
Cost is driving retail towards reshoring strategies But it is not just industrial manufacturing that ’ s seeing fundamental changes to supply chain strategies ; retail supply chains are also shortening as brands look to cut costs .
In a recent study conducted by global e-commerce fulfilment platform ShipBob , it was found that 40 % of British brands are
70 February 2023