In logistics, what you don’t know can hurt you.
2011 is looking to be a tumultuous year for the world of logistics, and the companies that depend on it. As industry after industry shakes off the lingering effects of the economic downturn, demand for merchandise of all sorts has come roaring back, and with it, the demand for carriers to deliver a surging volume of goods.
Many transportation providers slashed capacity over the past several years as a response to sharp drop-offs in orders. Now, not only is increasing demand chasing a reduced supply of shipping platforms, carriers are intent on using the shift in circumstances to “go for the gusto,” and reap some windfall profits to make up for the lean years.
Across all modes of transport, managers need to do all they can to avoid being blindsided by events. The tools exist to analyze, control and improve corporate logistics practices. Even apart from the gains in efficiency and customer satisfaction, the financial rewards can be substantial.
Savvy managers are realizing that without a plan to help navigate the logistics labyrinth, they may be trying to compete using a horse and buggy approach in a digital-age world.
Is your plan in place and up to date?