Across the Panama and Suez Canals, slowdowns loom large. Such supply chain crises are inevitable—but for well-prepared shippers, challenges can turn into opportunities. “If you’re better at responding to disruption than any other competitor, then disruption can be a net good for your company,” Flexport CEO Ryan Petersen told McKinsey & Company. Ryan also explored: • How real-time logistics data empowers entire organizations, transforming decision-making across finance, marketing, customer service, and more • Why ocean cancellations are notoriously common—and how technology enables stronger, more rewarding carrier partnerships • Which industries bear the brunt of supply chain chaos, and which wield pricing power Watch now 👇 and read the full interview here: https://flx.to/mck
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🌍 In global trade, logistics plays a big role in adapting to unforeseen disruptions. From natural disasters to economic shifts, understanding how logistics weathers these storms is crucial for the movement of goods worldwide. 🚚 Logistics adapts to global disruptions by embracing flexibility in its operations. Robust contingency plans are developed, allowing quick responses to unexpected events. Technology enables real-time tracking and efficient rerouting of shipments. Collaborative networks among logistics providers enhance adaptability, as partnerships facilitate resource-sharing and support during challenging times. Additionally, the incorporation of data analytics aids in predicting and mitigating potential disruptions. ✅ Remember to hit the like button and follow us for more logistics related content. 💯⭐ #global #trade #disasters #supplychain #logistics #logisticsmanagement #logisticscompany #millenniumlogistics
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Sales Manager Metal Stamping, fabrication and Casting Expert. We don't sell parts we provide solutions.
In an era of evolving global dynamics, logistics companies are increasingly turning to reshoring strategies. Factors such as narrowing cost differentials and rising weather risks in major global locations are driving this shift. Key Takeaways: Reshoring on the Rise: Companies are adapting to changing global circumstances by bringing operations closer to home. Data-Driven Decision Making: Leveraging data analytics and strategic planning is critical for effective risk management during the reshoring process. Partnering with Experts: Collaborating with a broker can help manage supply chain risks, provide valuable data insights, and give access to proprietary analytics platforms. #fabrication #forming
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The term "disruptions" has increasingly entered our vocabulary post-pandemic, symbolizing not just minor inconveniences but significant economic impacts and increased consumer costs due to unstable global trade routes. Events like the blockages in the Red Sea and the Suez Canal have highlighted the fragility of these routes, affecting up to 15% of global trade and causing insurance rates to spike. These disruptions damage business reputations and financial stability, with delays indicating unreliable suppliers and raising costs for consumers. Digital transformation offers a solution, equipping supply chain managers with tools to prepare for and mitigate crises, enhancing communication and operational readiness. How are you preparing your supply chain for future disruptions? Read the full insight: https://ow.ly/gOKV50RBKta #supplychain #logistics #supplychainlogistics #supplychaindistruptions #disruptions #tech #newtech #technology
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One word stands out above all others in today’s global trade landscape: Resilience. The supply chain faces constant threats from multiple sources, including geopolitical tensions and natural disasters. How can shippers and BCOs not just survive but thrive amid these challenges? Our recent article, “Building Resilient Supply Chains: The Need for Proactive Resilience in Shipping,” explores how to create supply chains that can withstand and adapt to any disruption. Key takeaways include: 🔄 Proactive Resilience: Learn how being proactive rather than reactive is crucial in the current global trade landscape. 🛠️ Technology at the Forefront: Explore how technology, especially at 3rdwave, is pivotal in building supply chain resilience, from product-level visibility to automated processes. 📈 Operational Integration: Understand the importance of integrating operations for a seamless and efficient supply chain experience. 💡 Innovation as a Solution: Find out how embracing innovative solutions can help navigate and mitigate complex logistics issues. To learn more about bringing essential resilience to your supply chain, read the full article here: https://lnkd.in/geDZNhgR #supplychain #logistics #trade #shipping #import #export #internationalshipping
Building Resilient Supply Chains: The Need for Proactive Resilience in Shipping
3rdwave.co
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Remember how, in 2021, an Ever Given container ship stuck in the Suez Canal held up $10 billion of world trade for almost a week? According to Bloomberg, the other five straits face "a unique set of overlapping problems" that could hide high risks to global trade. Read the full report here for more insights. https://lnkd.in/ggyxTSJw --- ⦿ Partner with us in recruiting top executive talent in the value chain, technology, and logistics space. ⦿ Be at the forefront of relevant tech trends to drive change in supply chain & logistics with Supplify. #SupplyChain #GlobalTrade #Trade #Container #Ships
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In a rapidly changing world, global supply chains face significant hurdles but also exciting possibilities. From geopolitical risks to digital transformation, how prepared is your business to turn challenges into growth opportunities? 🔍 Swipe through to discover key insights and strategies for building resilient and efficient supply chains! #GlobalSupplyChain #Logistics #SupplyChainManagement #DigitalTransformation #Sustainability
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Director of Business Development @ Livingston International | Sales Leader, Global Logistics Strategist
Strengthen your supply chain with reliable data management. Discover why 85% of businesses lose revenue due to incorrect decision-making. Here's an infographic that will help you make informed choices with the help of proven data management solutions. #globaltrade #logistics #supplychain
Global issues are sparking supply chain prioritization
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With a new year comes new predictions and trends in the global logistics industry. As geopolitical tensions, climate change, and mass migration disrupt trade lanes, companies are reassessing their supply chain strategies. Learn more about the state of the industry and how Dunavant can help you navigate solutions:
Logistically Speaking - Hot Sheet Week 2
dunavant.com
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Did you know that over 60% of #supplychain leaders attribute escalating costs and risks to inefficient supply chain management processes? Making #freight audits a cornerstone of financial strategy can significantly reduce unnecessary expenses and fortify your organization against operational disruptions. This approach not only maintains your competitive edge but also ensures a resilient, cost-effective, and compliant supply chain—crucial for long-term business success. Read our latest blog to learn more: https://zurl.co/1dwb
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Strengthen your supply chain with reliable data management. Discover why 85% of businesses lose revenue due to incorrect decision-making. Here's an infographic that will help you make informed choices with the help of proven data management solutions. #globaltrade #logistics #supplychain
Global issues are sparking supply chain prioritization
view.livingston.com
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Man of Faith. Freight Forwarding Career Maker.
1moDid he actually answer the question or did he waffle aimlessly until he could try to explain the difference between velocity and speed? Jeez. That's 3 minutes and 6 seconds of my life down the toilet.