Week of December 13th, 2021
Linking supply chain news with dangerous goods compliance
The past year and a half has highlighted the critical role the supply chain plays in our daily lives. It has also showcased TAs 2021 comes to end, businesses are busy forecasting what to expect in the coming year. Even as industry leaders make predictions, ongoing supply chain disruptions, labor shortages, the emergence of the Omicron variant, inflation and other factors continue to create a wide sense of uncertainty around what the new year will bring.
Let’s examine some recent industry news.
SUPPLY CHAIN NEWS
- Top 10: Supply Chain Predictions for 2022: ‘Small data’, more digital transformation, AI-driven ESG initiatives and better staff retention are among supply chain experts’ predictions for 2022.
- Five Supply Chain Trends to Expect in 2022: Now, even as disruptions persist, supply chains have begun picking up the pieces and charting new territory to recover. Here, are some top predictions for supply chain trends in 2022.
- Supply Chain Experts Weigh in: What Could Happen in 2022 as the Crisis Continues: If there is one thing that is certain about a crisis, it is that there is rarely anything that is certain about how, when—or whether—it will end. According to industry experts, the future of the crisis depends on these 4 Ps: Product, Prices, People and Politics.
- Supply Chains: The Omicron Variant is a ‘Key Uncertainty Going into 2022,’ Economist Says: Oxford Economics Chief US Economist Greg Daco discusses how supply chain constraints are easing in some areas and the outlook for inflation in 2022.
- Amazon CTO Makes Five Technology Predictions: The chief technology officer of Amazon is offering predictions for how technology will evolve in five key areas during 2022 and beyond.
OUR PERSPECTIVE
- Uncertainty remains heading into 2022. The past two years have been a master class in navigating the unexpected. Even as supply chains have overcome a lot and continue to push their way forward, there are still myriad factors (both known and unknown) that the industry will be forced to address over the next year. But if the past two years have taught us anything, it’s that businesses and the global supply chain is resilient.
- Dangerous goods will remain regulated. Despite the uncertainty around many aspects of the global supply chain heading into next year, one thing we can be sure of is that DG will continue to be regulated and present challenges and risks for companies. As companies forecast and plan for an uncertain future, compliance must be considered. After all, compliance plays a part in almost every part of the hazmat supply chain, and it will be a major factor as businesses look for ways to meet growing demands and navigate ongoing disruptions.
- Be aware of any regulatory changes. While DG being regulated remains a constant, the specific rules that must be followed continue to evolve. For example, on January 1, 2022, the new, 63rd Edition IATA Dangerous Goods Regulations will take effect, which includes changes to the packaging for air shipments of stand-alone lithium batteries. That’s why it’s important for both shippers and carriers to be aware of upcoming changes and ensure they have the necessary processes and training to stay compliant heading into the new year.
To learn more about Dangerous Goods software or how to establish a safer, more compliant supply chain, visit https://www.labelmaster.com.
Have questions about Dangerous Goods transport? Call the Labelmaster Regulatory Hotline at 1.800.621.5808.
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