Skip to content
Search AI Powered

Latest Stories

Afterword

Overdue appreciation

Logistics and supply chain professionals have long toiled in obscurity. The COVID-19 crisis has changed all that.

A recurring theme in this column over the years has been the sometimes thankless nature of supply chain work. As we’ve noted time and again, the staggering amount of effort it takes to keep global commerce flowing goes largely unnoticed and unappreciated. 

That’s not to say those of us who work in (and cover) this industry and profession do not recognize—and are not grateful for—all the work that goes into a well-oiled supply chain operation. We know there’s nothing simple about getting everything where it’s supposed to be, when it’s supposed to be there, damage free, and at the right price.


But this is not a career for people who need a lot of strokes. In supply chain, you don’t get many pats on the back, high fives, or accolades. The best indication that you’ve succeeded at your job on any given day is that your phone didn’t ring because all of your company’s stuff was where it was supposed to be when it was supposed to be there.

If supply chain is often taken for granted by the business community, it’s nearly invisible to the population at large. On the rare occasion when the public takes notice of supply chain, it’s usually because something has gone horribly awry: The hottest-selling toy of the holiday season is stuck on the docks in Long Beach, California. Or a fried-chicken chain is forced to shutter most of its outlets because of a poultry shortage.

To the general public, supply chain is almost like tap water. You turn on the faucet, the water comes out, you use what you need, and then you turn the faucet off. You don’t think about the plumbing in your house that routes the water to the faucet. You don’t think about the water lines running underground from the street to your home. You don’t think about the municipal water system that runs through your community. And you certainly don’t think about the wells that are fed by aquifers that are recharged by the hydraulic efforts of Mother Nature. No, you just think about filling your glass with water and turning off the tap.

And so it is with supply chain—a profession whose inner workings, and practitioners, might as well be invisible. That is, of course, until something goes wrong. 

Well, something has indeed gone wrong, terribly wrong, in the world these past five months. At this writing, we remain in the grip of a pandemic that is wreaking havoc worldwide, threatening peoples’ lives and pushing the world to the brink of economic collapse. It is causing millions of people to isolate themselves from their fellow human beings.

And, of course, it is testing companies’ global supply chains in ways heretofore unimaginable.

This has put logistics and supply chain on the public’s collective radar. Suddenly, everyone is talking supply chain—whether it’s politicians, government officials, or the talking heads who populate mainstream news outlets. 

But this time, it is different. Supply chain isn’t in the news because of a disruption that’s creating a shortage of iPads a week before Christmas. It’s not in the news because a labor strike is keeping ships from offloading at the nation’s busiest ports. 

No, this time, supply chain is in the news because it is saving the day. At a time when the delivery of critical supplies has become a life or death matter, supply chain professionals are finally being recognized for the work they do. The good work. The critical work. The life-saving work.

It is not for a reason anyone would have wished for. Nonetheless, the novel coronavirus has shined a light on the importance of supply chain not only to business but also to the lives of every single human on this orbiting rock.

It is recognition that is long overdue.

Recent

More Stories

Just 29% of supply chain organizations are prepared to meet future readiness demands

Just 29% of supply chain organizations are prepared to meet future readiness demands

Just 29% of supply chain organizations have the competitive characteristics they’ll need for future readiness, according to a Gartner survey released Tuesday. The survey focused on how organizations are preparing for future challenges and to keep their supply chains competitive.

Gartner surveyed 579 supply chain practitioners to determine the capabilities needed to manage the “future drivers of influence” on supply chains, which include artificial intelligence (AI) achievement and the ability to navigate new trade policies. According to the survey, the five competitive characteristics are: agility, resilience, regionalization, integrated ecosystems, and integrated enterprise strategy.

Keep ReadingShow less

Featured

screen shot of returns apps on different devices

Optoro: 69% of shoppers admit to “wardrobing” fraud

With returns now a routine part of the shopping journey, technology provider Optoro says a recent survey has identified four trends influencing shopper preferences and retailer priorities.

First, 54% of retailers are looking for ways to increase their financial recovery from returns. That’s because the cost to return a purchase averages 27% of the purchase price, which erases as much as 50% of the sales margin. But consumers have their own interests in mind: 76% of shoppers admit they’ve embellished or exaggerated the return reason to avoid a fee, a 39% increase from 2023 to 204.

Keep ReadingShow less
robots carry goods through a warehouse

Fortna: rethink your distribution strategy for 2025

Facing an evolving supply chain landscape in 2025, companies are being forced to rethink their distribution strategies to cope with challenges like rising cost pressures, persistent labor shortages, and the complexities of managing SKU proliferation.

But according to the systems integrator Fortna, businesses can remain competitive if they focus on five core areas:

Keep ReadingShow less
shopper uses smartphone in retail store

EY lists five ways to fortify omnichannel retail

In the fallout from the pandemic, the term “omnichannel” seems both out of date and yet more vital than ever, according to a study from consulting firm EY.

That clash has come as retailers have been hustling to adjust to pandemic swings like a renewed focus on e-commerce, then swiftly reimagining store experiences as foot traffic returned. But even as the dust settles from those changes, retailers are now facing renewed questions about how best to define their omnichannel strategy in a world where customers have increasing power and information.

Keep ReadingShow less
artistic image of a building roof

BCG: tariffs would accelerate change in global trade flows

Geopolitical rivalries, alliances, and aspirations are rewiring the global economy—and the imposition of new tariffs on foreign imports by the U.S. will accelerate that process, according to an analysis by Boston Consulting Group (BCG).

Without a broad increase in tariffs, world trade in goods will keep growing at an average of 2.9% annually for the next eight years, the firm forecasts in its report, “Great Powers, Geopolitics, and the Future of Trade.” But the routes goods travel will change markedly as North America reduces its dependence on China and China builds up its links with the Global South, which is cementing its power in the global trade map.

Keep ReadingShow less