Blockchain technology has transformed all industries, including the supply chain. Blockchain technology-enabled supply chain systems have been integrated into different streams of a business, including shipping lines, carriers, and logistics, into a single platform. This decentralised public ledger system notes all changes and motions of each shipping container through all stages in the supply chain and documents them in real time. This allows more companies to implement better-informed decisions and eliminate any unnecessary steps in the supply chain. Armed with data, companies can revel in increased traceability of material supply chain and improved visibility and compliance of outsourced contract manufacturing. This then results in lower losses from counterfeit market.
3. Elastic Logistics
The supply chain is notorious for being highly capricious, and these fluctuations can impact businesses, especially if they are unforeseen. Navigating such disruptions require a robust and flexible supply chain that can expand or shrink depending on current demands. Businesses that have implemented elastic logistics are able to adjust and manage any potential issues with minimal disruption.
4. Green Logistics
The increased environmental consciousness has pushed for sustainable solutions in several industries, including supply chain management. Today’s consumers demand increased sustainability in all sectors of business, including the supply chain. This results in efforts to reduce companies’ carbon footprint, including lowering the consumption of gas, water, and electricity. Companies that utilise climate-smart supply chains and green logistics initiatives like DHL’s GoGreen Solutions can benefit from these resources, which may result in greater profit and customer loyalty.
Future of Trade
Supply chain trends are constantly evolving, especially with the rapid growth of e-commerce as well as an unforeseen pandemic. Any sort of disruption, both big and small, can cause havoc in the management, affecting workflow and productivity. To better navigate this ever-changing landscape, organisations should focus on the current supply chain as well as world trade trends to predict and solve issues that may turn up in the future. By adhering to these recent trends, international businesses can be more prepared and sustain efficiency, thriving against even the greatest of disruptions.
If you are looking to improve supply chain reliability, leveraging logistic solutions that boast high-service standards, DHL Express is here to help.. Open a business account with us now to start shipping internationally.