The COVID-19 pandemic has severely impacted the global economy. With falling consumer demand and most governments enforcing lock-down's, the shipping industry has been badly affected as in the worst-case scenario, global trade volume is expected to fall by 32% compared to 2019. Here’s an analysis of the quantitative and qualitative impact of COVID-19 on the shipping industry and what your company can do to navigate these tumultuous times.
Supply chain management has undergone a great transformation in the past few years due to the advancement in technology and improved transport infrastructure. Taking into account the rate of innovation and consumer culture that is prevalent today, here is a useful guide to writing a proper supply chain management plan for your business.
Two of the most significant challenges to achieving the dual goals of adding value for the consumer and making production more efficient and cost-effective are optimising inventory and reducing downtime – ergo, efficient asset management and timely delivery. In today's article we present you with some emerging technologies that can help meet these challenges. Before diving in, we should first consider the specific challenges that Supply Chain Management (SCM) and logistics professionals face.
When we think of a 'typical' supply chain; often it is the movement of parts and products from one place to another, rarely do we think about all of the links in the chain or the work that goes in behind the scenes to create a supply chain and keep it functioning at an optimal level. There are many maintenance and support businesses that play a vital role in keeping manufacturing site's operating, vehicles on the road, and customers happy. Today's article is a little different to our usual , as we take a look at the growing pipeline repair industry. A supply chain with predicted market value of over $14 billion in 2020, in the US alone.
For any business accounting is one task you can't afford to take lightly. For smaller businesses the challenge can be finding time to dedicate to looking after your books among your other responsibilities. We have some great tips from accounting experts that will help you prioritise your accounting strategies and ensure you are aware of your financial obligations as a business. Read on to find out more.
This week is Mental Health Awareness Week. There has never been a more important time than during the coronavirus pandemic to ensure you are looking after your own emotional and physical well-being, as thousands of us are spending more time alone than ever before. Find out how you can take small steps to improve your mental health now and in the future, and where you can get even more expert advise and support.
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