Week of October 17th, 2022
Linking supply chain news with dangerous goods compliance
Since the start of the pandemic, there has been a lot of talk about the “new normal.” As we head into 2023, there is greater discussion about what the global supply chain will look like moving forward.
Let’s examine some recent industry news.
SUPPLY CHAIN NEWS
- How Smart Supply Chains Are Navigating the New Normal of Volatility: The post-pandemic “new normal” is a world of constant volatility and supply chains need long-term solutions to navigate change.
- Supply Chain’s Return to Normal Pits Experts Against New Indexes: According to the latest Logistics Managers’ Index, September’s future predictions hint at normalization and a return to business as usual over the next year.
- New Normal: Supply Chain Resiliency & Transparency!: The auto industry has been filled with dramatic ups and downs over the last few years, and auto suppliers are positioning themselves for the future in the wake of myriad disruptions.
- Will Climate Change Make Supply Chain Disasters the New Normal?: Forty-four percent of chief supply chain officers say they have a general sense of potential climate change risks based on previous events, but they have not methodically identified or quantified those risks, according to a Gartner survey.
- Navigating The ‘New’ Supply Chain: How to Deliver on Your Promises with Technology: Companies already wrestling with a compromised supply chain were challenged further due to recent events. Fortunately, innovation continues to be refined, and more leaders are seizing the opportunity to improve.
OUR PERSPECTIVE
- Supply chain upgrades are needed. Focus on the new normal has placed greater emphasis on supply chain resilience, risk mitigation and overall better processes. For many, successfully navigating this environment will require increased investment in technology, more complete and accurate data, and tools to better support employees and partners across the supply chain.
- The new normal requires better DG management. Adapting to the new normal doesn’t mean upgrading and enhancing some aspects of the supply chain but maintaining the same outdated or inadequate processes as before…and expecting to achieve the results they want. To keep pace with the changing supply chain landscape, organizations also need to establish a new approach to DG management. Senior leadership must recognize the critical role that DG management plays in maintaining a smooth, resilient and compliant supply chain and invest in their DG technology, training and infrastructure.
- Gaps in DG management are clear. The 2022 Global Dangerous Goods Confidence Outlook surveys spotlight that there are gaps organizations must address gaps related to DG management. The most problematic activities were automating processes (61%), harmonizing processes across the supply chain (59%), accessing complete and accurate data (52%).
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.
Automation is the key to handling today’s supply chain challenges. But without true Dangerous Goods automation, you may be operating at a competitive disadvantage.
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