What I Learned in Supply Chain This Week

Insight – Thinking Ahead: The Digital Impact

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Insights: What I Learned In Supply Chain This Week Series
Thinking Ahead Part IV: The Digital Impact
Tags: Supply Chain, First Mile, Global Supply Chain, Import, Technology
Dallas-based startup empowers businesses to optimize international trade.
The chaos throughout the International Supply Chain is now complete.

BUY - Suppliers are in various states of back to work; importers have missed critical buy dates, jeopardizing peak season; importers are cancelling orders at record levels.

MOVE - Blank sailings; containers piling up at ports; carriers losing millions; air pricing at $14 per kilo.

SELL – Sales are down for all but a few retailers; and massive furloughs means consumer spending may not be there to help when they re-open.

Is there a silver lining? Short term answer is no, this is truly a black swan.

It is instructive though to consider how much worse this crisis could have been, without our ability to quickly adopt to the new normal.

  • Companies shifted from WFO to WFH, via tools like Teams and Slack.
  • Individuals stayed connected to family members and critical updates. Online shopping & delivery.
  • Critical recovery and planning meetings via Zoom.

Is this the future for International supply chains? Perhaps even an opportunity to re-invent? Companies like INSPECTORIO, Public Habit, Tableau Software, ClearMetal are creating potential 'new normals'. Is 2020 an inflection point?
ABOUT THE SERIES

Each week, Mercado CEO Rob Garrison pens his latest learnings from the supply chain industry as part of a series run for his LinkedIn followers. Each article aims to share a little insight into what's going on that week and to help foster discussion amongst industry professionals across levels, geographies, and companies.

You can connect with Rob on Linkedin by following this link.
GT Nexus founder and supply chain industry veteran, John Urban, has joined the Mercado board of directors.
The chaos throughout the International Supply Chain is now complete.

BUY - Suppliers are in various states of back to work; importers have missed critical buy dates, jeopardizing peak season; importers are cancelling orders at record levels.

MOVE - Blank sailings; containers piling up at ports; carriers losing millions; air pricing at $14 per kilo.

SELL – Sales are down for all but a few retailers; and massive furloughs means consumer spending may not be there to help when they re-open.

Is there a silver lining? Short term answer is no, this is truly a black swan.

It is instructive though to consider how much worse this crisis could have been, without our ability to quickly adopt to the new normal.

  • Companies shifted from WFO to WFH, via tools like Teams and Slack.
  • Individuals stayed connected to family members and critical updates. Online shopping & delivery.
  • Critical recovery and planning meetings via Zoom.

Is this the future for International supply chains? Perhaps even an opportunity to re-invent? Companies like INSPECTORIO, Public Habit, Tableau Software, ClearMetal are creating potential 'new normals'. Is 2020 an inflection point?
ABOUT THE SERIES

Each week, Mercado CEO Rob Garrison pens his latest learnings from the supply chain industry as part of a series run for his LinkedIn followers. Each article aims to share a little insight into what's going on that week and to help foster discussion amongst industry professionals across levels, geographies, and companies.

You can connect with Rob on Linkedin by following this link.
                       

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Thank you for using Mercado. Our goal is to empower businesses to better navigate the complex world of importing. We know data security is of paramount importance, so we place high standards on ensuring it is safely and respectfully secured. We are committed to following and continuously evolving best practices to support this principle. Your data is yours, and we guard it closely. We do not sell any of your information, and we will always be fully transparent on how we collect and use your data. That's a promise.
Copyright © Mercado Labs
Made with    by studionine.agency
                       

Terms of Service   |   Privacy Policy
From us to you...

Thank you for using Mercado. Our goal is to empower businesses to better navigate the complex world of importing. We know data security is of paramount importance, so we place high standards on ensuring it is safely and respectfully secured. We are committed to following and continuously evolving best practices to support this principle. Your data is yours, and we guard it closely. We do not sell any of your information, and we will always be fully transparent on how we collect and use your data. That's a promise.
Copyright © Mercado Labs
Made with    by studionine.agency
                       

Terms of Service   |   Privacy Policy
From us to you...

Thank you for using Mercado. Our goal is to empower businesses to better navigate the complex world of importing. We know data security is of paramount importance, so we place high standards on ensuring it is safely and respectfully secured. We are committed to following and continuously evolving best practices to support this principle. Your data is yours, and we guard it closely. We do not sell any of your information, and we will always be fully transparent on how we collect and use your data. That's a promise.
Copyright © Mercado Labs
Made with    by studionine.agency
                       

Terms of Service   |   Privacy Policy
From us to you...

Thank you for using Mercado. Our goal is to empower businesses to better navigate the complex world of importing. We know data security is of paramount importance, so we place high standards on ensuring it is safely and respectfully secured. We are committed to following and continuously evolving best practices to support this principle. Your data is yours, and we guard it closely. We do not sell any of your information, and we will always be fully transparent on how we collect and use your data. That's a promise.
Copyright © Mercado Labs
Made with    by studionine.agency