Companies must leverage historical industry expertise as they look to incorporate cutting-edge technologies like IoT and AI to optimize manufacturing processes and adapt their organizations to future ways of working.
By exploring intermodal transportation options, improving network visibility and advancing sustainability initiatives, the chemical supply chain can transform to meet the moment.
Organizations that prioritize professional development and training in technological skills for their employees will be better equipped to capitalize on exciting new technologies.
Shippers should have contingency plans in place, maintain flexibility in their logistics strategies, and regularly assess their carrier partners' financial stability and performance.
If an organization fails to perform a greenfield analysis before establishing a new facility, it may encounter challenges and risks that can have significant negative consequences.
Expect the next generation of TMS to help provide consumers with even faster delivery speeds, and businesses with greater volumes of information, better recommendations and more accurate predictions.