+1 800 967-0030

3 Key Traits Of Today’s Modern Supply Chain

The supply chain is changing, and it’s changing fast.

From robots in the warehouse to self-driving long-haul trucks, tech companies have finally turned their eyes to the long-neglected fulfillment industry and suddenly this segment that was not all that long ago still running on handwritten logs and receipts is data-focused and streamlining every day. Of course, that’s just one element of the shiny new supply chain of tomorrow.

The modern supply chain is very different from the one that existed just a few years ago.

Characteristics of the Modern Supply Chain

The modern supply chain is still in a wild state of flux, but if you had to define some of the most prominent characteristics it presents, it wouldn’t be too hard. After all, eCommerce has molded the world of fulfillment to fit its needs, and not the other way around.

Those changes have resulted in key traits of the new supply chain like:

  • Cloud-based everything. As the new supply chain grows and emerges from the ashes of the old one, one thing is very clear: the Cloud is where all the elements of the supply chain come together.From the moment that a package leaves the factory, it can be tracked all through the supply chain to the warehouse and distribution center. From there, the customer can then track it when it becomes part of a shipment to their home. Literally, no part of the supply chain is in the dark anymore, at least not among top companies.
  • Active avoidance of supply chain disruption. There was a time when customers were willing to allow a little something like a back order slide. They weren’t in a hurry, it was no big deal if that narwhal coffee mug went home with them that day or if they got it in a week.But in today’s world, back ordering is a huge blow to any retailer, so resilient and robust supply chains are the norm. All that data gathered in the Cloud keeps goods flowing, helping retailers stay on top of inventory.
  • More utilization of third party logistics firms or 3PLs. Shared-facility supply models are the next big thing. Based on the organization of other large and successful logistics models, many manufacturers are looking into micro-logistics networks that rely on the cooperation of 3PLs for success.This progression will allow the manufacturers to have strategic capacity near their customers, no matter where they may be.

Today’s supply chain is a different creature than its predecessor, but it’s leaner, it’s smarter and it’s far more capable than ever before. These key traits are just the beginning, this supply chain is only getting started.

March 07, 2018
Share This:

Related Posts

RECENT POSTS

3 Tips To Earn Customer Loyalty

Cracking the Customer Loyalty Code The latest statistics about customer loyalty show that as much as 97% of consumers are loyal to at least one brand. Food (62%), fashion (57%), and personal electronics (44%) are three areas where clients tend to show more loyalty...

How to Choose a 3PL for Your SquareSpace Store

Outsource Fulfillment To A SquareSpace-Friendly 3PL  If you use SquareSpace, you are familiar with the easy-to-use, all-in-one website builder tool. Created in 2004 as a solution to enable people without web development skills to build and maintain their own websites,...

Holiday Order Fulfillment

Happy Holidays, Now Let’s Ship Some Orders  The Q4 holidays make up the busiest shopping season of the year, every year. In 2022, US holiday retail sales are expected to reach $1.3 trillion, a 3.3% increase over 2021. Holiday ecommerce is expected to grow 15.5% to...

Vitamin Fulfillment Tips

Vitamin Order Fulfillment: A Prescription For Happy Customers The body needs 13 essential vitamins to function properly, and yet 90% of Americans are vitamin deficient. If your online store sells vitamins, this spells out a significant market. According to a recent...

ShipWizard Cares

Searching for “e-commerce order fulfillment service near me” has never been easier. Just type those words into a search engine, and you will find dozens of results, ranging from nationwide 3PL providers to local warehouses. Choosing “the one” - the 3PL expert who will...