Company must prepare for unpredictable disruptions; scenario planning is crucial
'By combining scenario planning, diversification and innovation, companies will be better prepared for future challenges and disruptions in the logistics sector.' - Haico Spijkerboer
Diversification is for winners
The stabilization of the container market and the return to pre-pandemic price levels on trade routes with Asia indicate a recovery in global trade and the economy. However, the pandemic has taught us that companies must diversify and make their supply chains resilient to cope with future disruptions. A crucial tool in this regard is scenario planning.
Scenario planning helps companies identify different future situations and assess their impact on the supply chain. By identifying potential risks and opportunities, companies can respond proactively and adapt their supply chains to changing conditions.
Broaden your horizon
Considering alternative routes and modes, such as through Eastern Europe, India, Africa and with train transportation, can help companies spread their risks and create more sustainable supply chains. Train transportation, in particular, is faster than sea transportation and more environmentally friendly than air freight, making it an attractive alternative for companies operating in the Eurasian region.
Finally, to build resilient supply chains, companies must embrace advanced technologies, such as artificial intelligence and blockchain, to improve visibility and management. By combining scenario planning, diversification and innovation, companies will be better prepared for future challenges and disruptions in the logistics sector.
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