Freight cost volatility has hit all-time highs in the past few months, denting product profitability and making it much harder to reliably fulfil demand. As rates soared up to 6 times usual levels in some lanes, businesses were forced to make tough decisions: shipping at great cost to ensure sales, or else cutting back on product volume and variety to preserve their financial health.
But is this cost volatility a short-term blip, or should supply chain leaders start planning for longer term changes in costs? And what are the trade-offs that come with re-evaluating your supply chain for resilience?
The different kinds of cost volatility you need to plan for in the future
What you need to build absolute cost visibility in your network
The balance between cost-efficiency and resilience in supply chain
How to move from an ‘agile-but-fragile’ supply chain to one that can deliver both agility and resilience
Supply Chain Director Solent Group
Meet the Host
Strategic Supply Chain Advisor Zencargo