In recent economic reports on market predictability within the Manufacturing, Sciences, Technology, and Supply Chain sectors – the overwhelming theme is for organizations to stay resilient in adapting to the “new normal” post-pandemic.
Over the next few months, we’ll be exploring how these markets stay resilient amidst the uncertainties of this ever-changing COVID-19 landscape.
This month, we’ll be highlighting Supply Chain Management:
As the distribution of COVID-19 vaccines goes underway worldwide, combined with the higher demand for domestic products and materials – Supply Chain will be playing a critical role in ensuring efficiency in procurement, storage and shipping processes.
Here are some trends to expect in Supply Chain Management in 2021:
E-COMMERCE BOOM LEADS TO CREATIVE METHODS OF ORDER DELIVERY:
According to The Association for Supply Chain Management (ASCM), the immense demand for online shopping led to logistics inadequacies in delivering packages. This led to E-commerce companies creating new and innovative last-mile delivery solutions such as turning retail stores into fulfillment centers, delivery vehicles into pickup points and passenger vehicles into delivery vehicles.
US SUPPLY CHAIN WILL LEAD IN COVID-19 RESPONSE FOR SUPPLIES:
At the beginning of the pandemic, a tremendous flaw was exposed when the US was limited in securing critical health supplies due to international manufacturing partners’ economic shutdowns. Newly-elected President Joe Biden signed an executive order towards a “Sustainable Public Health Supply Chain” that included the development of a multi-department strategy to design, build, and sustain a long-term capability in the United States to manufacture supplies for future pandemics and biological threat.
In response to this, the ASCM released a statement saying, “We applaud this executive order calling to maximize public-private partnerships among government, healthcare, manufacturing and supply chain/logistics professionals to work together.”
DIGITALIZATION OF SUPPLY CHAINS WILL BE WIDELY IMPLEMENTED POST-PANDEMIC:
Due to lockdowns caused by the pandemic, companies had to quickly digitalize their supply chain processes to allow workers to work remotely with minimal order fulfillment disruptions for customers. Based on a study conducted by Allied Market Research, the digital supply chain is expected to rise globally for the next 4-5 years due to time and cost-effectiveness, increase in usage of digital media devices, and improved service quality over the years.
NEED FOR FLEXIBLE TALENT WILL INCREASE:
In Deloitte’s Strategic Insights for Supply Chains to Thrive Post-Pandemic, it was advised for supply chain professionals to embrace non-traditional labor such as contingent and gig workers to quickly adjust their workforce as the need for talent evolves. Augmenting contingent workers with traditional full-time employees can bridge gaps as production demands fluctuate with the unpredictable nature of the market.
At SoloPoint Solutions, though our clients come to us for engineering resources, we have seen a greater need for Supply Chain personnel within Procurement, Logistics, and Compliance this past year. With our understanding of the complex and agile nature that comes with building a Supply Chain workforce, we can quickly start recruiting for these roles.
To learn more about our recruiting services for Supply Chain workers, contact us today: