Week of July 17th, 2023
Linking supply chain news with dangerous goods compliance
With 2023 halfway over, businesses are paying close attention to what is to come in the second half of the year and into 2024.
Let’s examine some recent industry news.
SUPPLY CHAIN NEWS
- 2023 State of Logistics Report: Great Logistics Reset: The era of building supply chains solely around cost-reduction considerations is over. Rather, a new value has taken hold—resilience.
- State of the Electronics Supply Chain: The electronic industry supply chain has been roiled by a variety of issues, and although it’s healing and adapting to new conditions, it remains in uncertain waters.
- Is It Time for Logistics to Hit the Reset Button?: Facing ongoing turmoil in the transportation industry, the entire logistics sector is undergoing nothing less than “The Great Reset.”
- The State of Containerized Shipping with Brian Kempisty: Port X Logistics founder Brian Kempisty discusses the state of containerized shipping including, West Coast Port labor negotiations, shifting volume to the East Coast and Gulf Ports, and more.
- 2023 State of Logistics: Air Cargo: Air cargo remains challenged by volatile conditions as a result of ongoing factors pressing on the global economy.
- Customer Trust in Supply Chains Overestimated: While 89% of suppliers said customers trust their supply chain operations, only 68% of customers felt the same.
- Resilience requires business continuity. With supply chain resilience becoming a greater focus for organizations, business continuity has never been more important. For DG shippers, a key part of achieving this is having repeatable and reliable processes to ensure safe and compliant shipments across all locations, even as operations change and disruptions arise.
- Upgrades are needed. Adapting to the changing supply chain landscape requires upgrading and enhancing systems and processes. But upgrading some while ignoring others will hinder an organization’s success. The 2022 Global Dangerous Goods Confidence Outlook survey spotlighted DG management gaps organizations must address, with the most problematic activities related to automating processes (61%), harmonizing processes across the supply chain (59%), and accessing complete and accurate data (52%).
- Compliance will impact your investments. When evaluating and investing in technologies or process improvements to address current and future needs, organizations must first understand their overall goal. Whether it’s streamlining operations, enabling faster shipping, mitigating risk, or something else, these objectives should guide a company’s decision-making. And for DG shippers, no matter the overarching goal, compliance should always be a consideration as it will have an impact on nearly every supply chain process.
Have questions about dangerous goods transport? Call the Labelmaster Regulatory Hotline at 1.800.621.5808.