5 Steps To A Shockproof Supply Chain
Learn how to structure a best-in-class supply chain that is resilient, smart, and newly fit for purpose in today’s world.
So what does a shockproof supply chain look like?
Second, supply chains must be more adaptive; ready to respond to volatility and risk. 2020 has revealed weak links in supply chains everywhere, with businesses counting the cost. Agility will be the new watch-word going forward.
Third, they must deliver end-to-end visibility, which is intrinsically linked to trust and security. With many companies looking to decentralize supply chains going forward, this has become more important than ever.
Fourth, we are seeing a more personalized customer experience – the emergence of “on demand” supply chains. It’s a trend that will only continue to be pushed to new limits.
Lastly, supply chains must reduce complexity and cost – and deliver operating synergies and efficiencies.
These are all challenge that extends far beyond the digital supply chain. We must constantly deliver new possibilities in the way we structure solutions for customers. For our part, we started out in air express, but new demands and challenges have seen a huge evolution of FedEx offerings.
Our response to be ‘best in class’ today includes a vastly extensive combination of road, ocean and air transport solutions, inventory warehousing and distribution; e-commerce fulfilment; customs brokerage and trade facilitation; not to mention secure payment technology and forward logistics.
Solutions of the future
Our FedEx the On Demand Bot is an autonomous delivery robot designed to change the face of last-mile delivery for the growing e-commerce market – in a way that’s both safe and environmentally friendly. Retailers accept orders from nearby customers who live within a few miles of the business and deliver them by bot directly to customers the same day. Our latest challenge is to bring a solution originally from the US to Asia Pacific markets that are receptive, such as Japan.
Global growth is increasingly driven by emerging markets, and by 2050, at least 8 of the top 20 economies will be in Asia. And yet, decentralization of supply-chains, especially in response to recent pandemic and trade war shockwaves, seem here to stay. A best-in-class approach will ensure Asia’s supply chains are robust and future-forward enough to weather whatever is around the corner.
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