As society hopes to move past the pandemic, supply chain forecasting and logistics will continue to present many unique challenges and opportunities in 2022. Although many businesses in the supply chain industry hope to overcome these challenges by the end of the year, product delays and managing tight deadlines are still very present issues. Fortunately, some changes can help alleviate some of these issues. The question many are asking is what ways can industry leaders navigate the uncertainties of the current logistical terrain.
For industries moving into the circular economy and specifically those involved in supply chain forecasting and management, QR codes have become an integral tool. Codes help with everything from manufacturing, to distribution, inventory management, and more. QR codes are simple yet effective. Just a quick scan and you have all the information you need. They help suppliers and distributors track the names and prices of products, as well as part numbers, serial numbers, specific dates, and other data points. Other QR benefits include:
- Tracking current inventory levels as well as future projections
- Automating order, transit, and fulfillment processes
- Allowing manufacturers to easily track large containers
QR codes also reduce the need for traditional barcode scanners, helping keep business costs low. Implementing QR codes has become an increasingly popular decision for supply chain leaders. Their intuitive nature and resourcefulness ensure that QR will be a staple in the supply chain industry well past 2022.
The supply chain network is an incredibly complex and intricate system. There are many players involved, even with more basic commodities. With the dependent nature of the supply chain industry, a lot of factors fall outside the immediate control of organizations. However, location mapping can help mitigate some of these external issues.
Location mapping is simply the culmination of information from your supply chain network. With it, you create a global map of your suppliers, their suppliers, and the individuals in your supply chain. Mapping allows industry leaders to better understand their network, products, services, and where and how they get their products. Location mapping also creates more transparency with stakeholders and helps address current or future risks within the supply chain network.
Communications with Customers
By now, few people are unaware of the current state of the supply chain pipeline. Labor shortages and other logistical problems have been critical issues since the onset of the pandemic. Not to mention, many individuals and businesses have been personally impacted by supply chain shortages. However, when businesses are transparent with their customers about these issues, it helps alleviate some of that external pressure.
By being transparent, individuals can better understand the realities and turnaround times for particular products. They also have the opportunity to make more informed decisions and reevaluate their expectations. There are a lot of timing factors that fall outside of the control of businesses in the supply chain network. With a lot of moving parts, just one kink in the supply chain can disrupt the whole system. Fortunately, many customers are understanding whenever you are transparent and honest with them about the current challenges
What the Future Holds for Supply Chain Forecasting
Fueled by demand since the shutdown, eCommerce and delivery industries are looking for workarounds. By optimizing those we can control—digital processes and solutions, container systems—there are ways to expedite getting goods to the right destinations efficiently. Even with delays, it is still possible to manage aspects of the system by getting out ahead of the problem.
By building a more resilient and transparent supply chain network, we are better prepared for the unexpected. Whether it be labor shortages, technological challenges, or something else, the industry is prepared to face these issues head-on. The supply chain industry will continue to change and evolve well past 2022. And for big-name brands to stay relevant, they must stay on top of global supply chain forecasting and localization trends.
How Flexcon Can Help
The experts at Flexcon are here to answer your questions. We will design a custom solution for your business needs or simply work with you to construct a quote. With over 60 years in the business, we have the knowledge and expertise to work with our customers to deliver the precise solutions and applications they need. If you would like to learn more about Flexcon or Postal Totes, our products, or our services, feel free to contact us today.