HOW GLOBAL LOGISTICS CHIEFS ARE OVERCOMING A WORLD OF PAIN
Today ’ s global logistics challenges have never been more serious , and businesses of all sizes are turning to increasingly clever strategies to keep supply chains moving
WRITTEN BY : SEAN ASHCROFT
Global logistics has always been a balancing act between long-term forward planning and on-the-ground problem resolution , and the COVID-19 pandemic has not changed this . But what it has done is amplified the logistical challenges businesses are facing - many times over .
Port congestion , labour shortages and spiralling freight costs are serious problems that have been layered on top of those that global supply chains have always faced , such as political instability , extreme weather events and major traffic incidents .
SO IN TERMS OF GLOBAL LOGISTICS , HOW ARE BUSINESSES RESPONDING TO THIS BLIZZARD OF CHALLENGES ?
On a strategic level , thanks to the pandemic , many are seeking to mitigate risk through shrinking their supply chain , making it less global and more regional ( near-shoring ), domestic ( reshoring ) or a combination of the two .
According to a McKinsey survey into ways COVID-19 has shaped the supply chain , different industries have responded in distinct ways . Healthcare players stand out as resilience leaders , with 60 % of
72 February 2022