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Trends that will dominate the supply chain industry in 2023

In today's post, we are going to discuss some of the most anticipated logistics and supply chain trends that will dominate the year so that independent freight forwarders stay updated with the changes in the sector. <br><br>https://www.conquerornetwork.com/blog/2023/01/05/trends-that-will-dominate-the-supply-chain-industry-in-2023/<br>

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Trends that will dominate the supply chain industry in 2023

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  1. TRENDS THAT WILL DOMINATE THE SUPPLY CHAIN INDUSTRY IN 2023 ● In the last three years, the pandemic impacted the normalcy of global logistical operations as a result of which the supply chain industry had to contend with severe disruptions, container shortages, port congestion, hike in spot rates, and sudden changes in demand among other things. Right now we can confidently expect that the pandemic is gone for good and 2023 is the year when businesses in this sector should recuperate and move ahead. The prime concern of the supply chain sector this year will be to adapt themselves to the changed scenario and become resilient ● ●

  2. SUPPLY CHAIN INDUSTRY TRENDS IN 2023 ● Automated logistical processes with IoT The IoT or Internet of Things is a network of connected computers, digital machines, objects, or even humans, all of which have unique identifiers or UID. ● Increased emphasis on last-mile delivery Last-mile delivery is the last leg of the delivery process where the cargo is transported from the distribution centre to its final destination While multinationals like Amazon are diverting more resources toward drone delivery experiments, independent freight forwarders are also trying to come up with a foolproof last-mile delivery strategy.

  3. ● Employee training will be increasingly adopted by logistics companies The supply chain industry will continue to evolve in 2023 and more so because of the threat of a looming recession. The objective is to become more resilient, efficient, reliable, fast, and knowledgeable. Members who want to upskill their employees and get a competitive edge can choose from two CIFFA courses. ● Use of blockchain technology Blockchain can help to boost the security of information, enhance transparency, drive efficiency, lower cost, prevent inaccuracies, and much more. The multinationals in this sector have already started implementing this technology to experience unforeseen advantages.

  4. ● Rising fuel prices fuel prices skyrocketed because of the war in Ukraine. In 2023 the war is still ongoing and this year no relief is on the horizon ● Focus on sustainability Climate change is here and the world has finally woken up to the call for sustainable commercial operations across all industries. The transition to sustainable operations has become a key trend in industries across all sectors.

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