Supply Chain Disruptions Challenge Logistics Leaders IHS Markit

Supply Chain Disruptions Challenge Logistics Leaders IHS Markit

Facing challenges like economic downturn, rising freight costs, and labor shortages, how can businesses break through? This article gathers in-depth analysis and expert insights from IHS Markit, offering strategies to help companies optimize operations, control costs, and improve efficiency. By proactively addressing these issues, businesses can seize opportunities amidst uncertainty and achieve sustainable growth. The strategies focus on streamlining logistics, optimizing supply chains, and leveraging data-driven insights to navigate the current economic landscape.

Maritime Supply Chains Face Postpandemic Challenges IHS Markit

Maritime Supply Chains Face Postpandemic Challenges IHS Markit

IHS Markit's expert Paul Bingham offers an in-depth analysis of the challenges and opportunities facing the maritime shipping supply chain in the post-pandemic era. He examines the balance between capacity, cost, and efficiency, highlighting key trends such as ultra-large vessels and industry consolidation. Bingham emphasizes the importance of enhanced freight visibility, supply chain network redesign, and the utilization of risk modeling tools for logistics managers to navigate future market uncertainties. These strategies are crucial for mitigating supply chain risks and optimizing capacity management in the evolving maritime shipping market.

Datadriven Lean Management Boosts Supply Chain Resilience

Datadriven Lean Management Boosts Supply Chain Resilience

IHS Markit research indicates that supply chain leaders prioritize spend analysis, category management, and risk management. Many organizations face challenges related to data and technology resource shortages. Companies need to strengthen data-driven lean management and build resilient supply chains by investing in data analytics tools, developing talent, and shifting mindsets. This will improve efficiency, reduce costs, and enhance risk response capabilities.

Global Supply Chains Strained by Trade Wars Oil Volatility

Global Supply Chains Strained by Trade Wars Oil Volatility

An IHS Markit report indicates that trade wars and oil price shocks have increased the risk of a global economic recession. With downward revisions to US economic growth forecasts, supply chain managers should diversify their supply chains, optimize inventory, strengthen risk management, enhance transparency, and monitor policy changes. These strategies are crucial for navigating challenges and seizing opportunities in the face of growing global uncertainties.

Pandemic Risks Longterm Damage to Global Economic Growth

Pandemic Risks Longterm Damage to Global Economic Growth

An IHS Markit report indicates that the COVID-19 pandemic not only caused an economic recession but also poses a threat to long-term growth. The labor market, capital stock, and total factor productivity have all been negatively affected. Real GDP in developed economies is projected to be lower than pre-pandemic expectations by 2030. Accelerated digitalization may partially offset these adverse effects, but the overall long-term economic consequences remain significant and concerning.