How Companies are Revamping the Supply Chains for future Supply Chain Crises ?
Due to worsening Global Supply Chain Crisis, Companies are taking slew of measures to find and eliminate loopholes in their Supply Chains, Restructure, Revamp and Overhaul them so that they have a long term planning and strategy in place if there is another crisis of global scale (the way Pandemic brought operations to the halt).
As per WSJ Report below, The Covid pandemic has strained global supply chains, causing freight backlogs that have driven up costs. Now, some companies are looking for longer-term solutions to prepare for future supply-chain crises, even if those strategies come at a high cost. Watch the Video below to learn more
What Did Amazon do to tackle Supply Chain Chaos?
As per the CNBC Report below, Due to Supply chain chaos causing shipping delays, experts say Amazon’s logistics empire and predictive analytics will allow it to avoid the worst of it. Amazon leased long-haul planes to get goods from China to the U.S. faster, and its been making its own containers and chartering private cargo vessels for years. Now retailers like Walmart, Home Depot, Target, IKEA and Costco are trying out the tactic, chartering smaller vessels to bring goods to less congested ports.
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