Week of September 18th, 2023
Linking supply chain news with dangerous goods compliance
It is only September, but supply chain professionals are already thinking about 2024 and beyond. Monitoring emerging trends and challenges is important in order to proactively plan for the future.
Let’s examine some recent industry news on how to navigate supply chain disruptions.
SUPPLY CHAIN NEWS
- Dangerous Goods Survey Highlights Future Supply Chain Challenges: A survey of dangerous goods (DG) professionals highlighted the need to reduce process complexity and enhance digitalization to facilitate the safe and compliant transport of DG.
- Digital Supply Chain Tops ASCM’s Top 10 Supply Chain Trends for 2024: Developing a digital supply chain to better understand data is the top supply chain trend heading into 2024, according to the ASCM.
- Retail Trends to Watch as We Approach 2024: From personalization and QR codes to audio advertising and conversational commerce, 2024 will see many enduring retail trends — and a few new ones as well.
- What is the Future of Supply Chains 2025?: Top CPG companies are looking into their crystal balls holding a number of hopes for the future of supply chains and the impact of technology trends.
- Survey: Brokers Optimistic About 2024, Despite Weak Freight Rates and Demand: Demand for freight hauling still lags, but brokers remain optimistic about 2024, according to a recent survey.
- Economist Sees Challenges and Opportunity in 2024 and 2025: Georgia State University’s Rajeev Dhawan Forecasts a GDP Growth Rate of Less Than 0.5% in First Half of 2024
OUR PERSPECTIVE
- Challenges remain. Ongoing supply chain disruptions along with the continued growth of e-commerce and markets that rely on DG – from consumer products to electric vehicles – have made shipping goods safely and compliantly increasingly difficult. To meet the future growth in DG shipments, organizations need well-trained professionals following globally agreed standards and supported by the right technology and infrastructure.
- Need for DG investment. The annual 2023 Global Dangerous Goods Confidence Outlook showed that while DG professionals are generally optimistic about the future, 72% need more support to adapt to supply chain and regulatory changes. The survey results highlighted the need to reduce process complexity, establish effective staff recruitment/retention programs, and enhance digitalization to facilitate the safe and compliant transport of DG.
- Compliance tools are available. Challenges with DG process, labor and training are still present, but compliance tools are available to address these needs, including:
- Reduce Complexity: Establish repeatable processes with DG software.
- Digitalization: Integrate DG software into ERP and WMS to ensure complete, accurate data, for example, connecting DG AutoCheck via API Connect.
- Training: Strengthen employees’ understanding of DG regulations with immersive 3D experiences.
Have questions about dangerous goods transport? Call the Labelmaster Regulatory Hotline at 1.800.621.5808.
To learn more about dangerous goods software or how to establish a safer, more compliant supply chain, visit https://www.labelmaster.com.
