When the world is upended by a global pandemic, or another unexpected disruption, it stresses the importance of having an efficient transportation and logistics (T&L) sector and ensuring the supply chain always runs smoothly.
The Impact of Disruptions on the Supply Chain
Since the onset of the coronavirus pandemic1:
At the U.S. Port of Los Angeles, supply chain operations have dropped by 20%.2 International demand for cargo tonne kilometers (CTKs is a unit of measurement which represents the transport of one tonne of cargo over a distance of one kilometer) has slumped 9.1%.3 Goods are taking 8 to 10 days longer to reach port than before the pandemic hit.4
The widespread effects of the global disruption have been felt throughout the T&L industry:
Global manufacturing is expected to shrink 5% within the first six months of 2020, with supply chain disruptions negatively impacting the automotive (13% drop), textiles (8%) and electronics (7%) industries the most.5 In Canada, the top concerns are the procurement of medical and healthcare goods and the stability of the food supply chain.6
5 Critical Needs and Mobile Solutions for T&L, During and After COVID-19
Another lesson of COVID-19 is that when things are disrupted, it’s always a smart move to go back to the basics.
For the T&L and supply chain industries, 55% of organizations say they use, or have plans to adopt, mobile technology to increase efficiency, sales and customer satisfaction7 to ensure critical needs are met.
How Mobile and IoT Management Helps the Supply Chain Win From End-to-End
In Seven Strategies to Strengthen Your Business-Critical Mobile Operations to Weather COVID-19 and Beyond, it’s mentioned that having full visibility into your supply chain is crucial. This is especially true if your business provides emergency services.
It’s a potential revenue stream too, as consumers may be willing to pay 2% to 10% more for products from companies that provide greater supply chain transparency.8
Here are some ways a full suite of integrated mobile solutions delivers end-to-end insight into your T&L and supply chain initiatives:
Let’s Talk About Your T&L and Supply Chain Mobility
Contact an AbeTech Solution Expert anytime with your questions about SOTI products and services. Learn about the benefits and value they’ll bring to your supply chain operations.