Global Supply Chain Crisis?
Monday, October 4, 2021
COVID-19 and climate change have directly impacted the supply chains of the sectors and industries that generate the most economic output.
Unfortunately, fiction has become reality, and a global pandemic coupled with sudden climate changes have increased these problems worldwide, also due to unforeseen events in logistics
routes and the exponential increase in online shopping, forcing industries to increase the load of transportation
, vehicles, staff and resources in general.
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Not surprisingly, industries and business sectors have problems or stoppers within their supply chain
processes. Over time, increasingly innovative strategies have been generated to implement solutions that maximize and optimize shipments, pickups, transportation routes, among others.
According to Business Insider
magazine: "In an interview with CNBC
, Tim Huxley, chairman of shipping company Mandarin Shipping, said floods had damaged railway lines used to deliver goods — "another body blow" to the supply chain.Delays and shortages are likely to have an impact on Black Friday deals and discounts because retailers will raise prices to cover extra costs, Pawan Joshi, executive vice president of supply chain software firm E2open" Read the full article here
These types of problems can be minimized and even avoided, with the use of technological tools such as location intelligence
based on spatial data
and predictive models
, as they can identify and evaluate patterns that infer a problem in logistics
and in turn improve processes in their respective supply chains and trade relationships around the world.
These tools incorporate concepts such as weather, time on delays or unexpected repairs, thanks to the large amount of Big Data
that can be obtained through sensors, GPS and other traffic management systems.
With this type of intelligence and using the data available in various records, system parameters and supply statistics, it is possible to optimize commercial routes, inputs such as gasoline, transportation maintenance, employee management, merchandise, among others. In this way, losses are minimized and any factor affecting supply chains
can be predicted.
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With real-time machine learning
models, companies can now:
Integrate a global productivity command control for logistics and operations, identifying sources of inefficiency.
Implement a traffic management system optimization algorithm that enables crane and equipment scheduling, improving terminal performance and productivity.
Adapt a predictive maintenance system based on the measurement, tracking and monitoring of equipment sensors, achieving a minimization of downtime and breakdowns.
Data-Driven we help the sectors to find the most efficient distribution routes
, to optimize expenses within their operations and maximize their income, foreseeing future problems and providing solutions in real time.
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More on this topic
Location analytics to Optimize Distribution Routes
Location intelligence through techniques based on Big Data collects spatial data in order to improve the decisions made in logistics centers, allowing the use of location and its related data points, creating solutions and optimizing distribution routes.
This new technological tool finds its immediate application in space-dependent businesses, such as
companies. The data collected through infrastructure sensors, cameras and traffic mapping not only allows them to determine the
for their businesses, warehouses and centers, but also allows them to know why certain locations have a direct impact on the success or failure of a business.
Can data science mitigate the supply chain crisis impact?
The current global crisis in supply chains is forcing companies to manage their distribution methods by adopting a proactive approach based on Big Data and advanced analytics.
supply chain crisis
has resulted in restaurant chains and fast food outlets running out of key ingredients (e.g.
), shortages on supermarket shelves (e.g.
), disruptions to retailers' product lines (e.g. IKEA) and fuel shortages.
Problems with Last Mile-Delivery Processes?
Several companies, especially in the retail sector, have realized that they need to challenge traditional last-mile delivery solutions in light of recent advances in technology tools.
With the help of
that gives access to aerial,
imagery and high-definition maps, last-mile delivery processes can evolve to the degree that drivers can avoid traffic and expedite deliveries through predictive alerts, fleet managers can focus on
planning delivery routes
more efficiently based on fuel costs, travel time, road tolls, etc.
How to Map the Geography of my Business?
New technological tools improve logistics processes by generating visualizations that map in detail thousands of assets identifying cost trends, performance along maritime, land and air routes among others.
New technological tools, such as GIS,
, mobile devices, and
, accumulate huge data sets within the logistics processes of any business, so using the right techniques, it is possible to improve operations and generate visualizations that can show a detailed mapping of thousands of assets worldwide, thus being able to identify cost trends, yields along maritime, land and air routes, compare historical arrival and departure times of carriers, among many others.
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