Current Status of Global Shipping and Fulfillment
COVID-19 significantly impacted—and is still impacting—global shipping and fulfillment. Those involved in the global supply chain had to make quick changes in an environment of lockdowns and restrictions, to try to get manufacturers and retailers the products they needed as quickly as possible. But big challenges exist. Many of these challenges have been 20 years in the making. As companies embraced lean manufacturing, they moved their in-house supply chains abroad, where their components could be manufactured at a fraction of the cost. Globalizing Supply Chains Increased Risks Companies always faced inherent risks, even before COVID-19, in globalizing their supply chains: supplier disruptions, labor disputes/strikes, extreme weather, and cyberattacks. As they […]
