While the global COVID-19 pandemic affected industries across the board, perhaps no industry was more affected than supply chains. Even today, we are still feeling the waves of the pandemic as it is still posing challenges for supply chains globally. According to a recent survey from Supply Chain Management Review, business and industry experts can expect disruptions to continue at least through the summer of 2023. This begs the question, what is the best way to overcome supply chain issues?
C&M Transport, based in Painesville, Ohio, is an experienced nationwide 3PL management provider that specializes in expedited services using specialized equipment. Here, we explain the value of flexibility when facing supply chain issues.
Why It Pays to Be Flexible
The supply chain market can be as volatile and unpredictable as the stock market, making the need for flexibility crucial. Companies with a traditional approach to supply chain management are not suited to handle the rapid changes the supply chain market can deliver. Furthermore, a traditional supply chain management approach is known to cause disruptions to the entire supply chain when demand spikes or plummets.
Supply chain flexibility involves being capable of easily adjusting production levels, raw-material purchases, and transport capacity when the market calls for it. Being able to maintain inventory at a proper level and have it ready to ship as soon as needed is vital, and a full-service logistics company like ours can help you do that. Flexibility with your supply can translate into the following advantages:
Less Liability
One of the biggest advantages of supply chain flexibility is the reduction in liability. The various aspects of supply chain management come with inherent risks due to the looming threat of disruption of products. More so, accidents, such as lost or damaged goods, failures in transportation, and unforeseen disruptive events such as the global pandemic, need to be taken into account. Having a flexible supply chain set in place allows organizations to better navigate these challenges while lessening their liability and maximizing their profit.
Better Scaling
Organizations are always looking for opportunities to better meet the needs of their customers. A flexible supply chain allows for this. For example, a strict supply chain can’t accommodate should there be an uptick in business or scale down when business is slow. This can most notably be seen during holiday months or a company’s busy season. Flexible supply chains better prepare businesses to handle these situations, helping maintain customer expectations and protecting their brand.
More Cost-Effective
Businesses of any size can’t afford to waste resources. By having a flexible supply chain, your business is better equipped to adapt and pivot to meet its needs. This results in fewer resources being wasted due to the inability to make changes when needed. Additionally, the ability to scale up or down to meet demand keeps you from missing out on potential revenue and prevents spoilage.
Resolve Supply Chain Issues With the Experts at C&M Transport
Companies can’t afford to have unresolved issues with their supply chain. Those that do are severely hindering their company’s ability to operate and grow. To help organizations combat their supply chain issues, C&M Transport offers a wide range of professional services. Our team specializes in order fulfillment, keeping your supply chain flexible and your operation running smoothly.
Headquartered in Painesville, Ohio, we have 17 additional locations throughout the country, allowing us to expand our services nationally. We handle everything from oversized loads to regularly scheduled deliveries and white glove services. As a company run by people who began their careers as road drivers, we have a unique perspective on the industry, enabling us to better serve your company. To learn more about our offerings and the ways your organization can benefit, contact us today at C&M Transport.