Now is the time for you to start focusing on your supply chain for next year.
It’ll be a new year before you know it, and you don’t want to be caught fumbling to get up to speed with the latest supply chain trends and best practices.
At GFS Logistics, we are ahead of the curve and can help your supply chain stay up-to-date and ready to take on the challenges that the new year may have in store for our industry.
Shift to Proactive Supply Chain Approach
Ever since the rise of the pandemic and onslaught of supply chain disruptions, global brands have taken a reactive approach to supply chain management.
Gone are the days of the quick pivot for supply chains. As tensions begin to quell and the economy inches down the road to recovery, many brands will start to keep growth over survival in mind and take a proactive approach to their supply chain.
Supply chain managers will have the time to step back, examine what’s working with their supply chain, what needs optimization, and how they can implement long-term goals into their strategy.
Working with a strategic logistics team like GFS Logistics can help your company stay proactive throughout the year.
Carrier Rates Begin a Downshift
Over the last couple of years. Spending trends went through the roof and so did national carrier rates. One of the hottest trends in the pipeline are reduced carrier rates as supply and demand start to level off.
Backlogs in the general supply chain have been cut, and carriers no longer need to charge exorbitant rates for standard shipping routes. As more carriers begin to reduce prices, others will soon have to follow to remain competitive.
So, this reduction is something supply chain managers can consider when forecasting their 2023 budgets.
Continued Push toward Eco-Friendly Logistics
Many warehouses have longed to become more eco-friendly, but the stressful industry climate prevented managers from accomplishing these goals. However, as 2023 is primed to be a year of growth in logistics, it’s the perfect time for your warehouse to make eco-friendly updates.
Many companies plan to go greener by working with logistics teams that implement advanced WMS technology, closely monitoring energy uses, and investing in solar-powered vehicles.
Not only will these steps forward help the environment, but they’ll improve a brand’s reputation and help them gain and retain loyal customer.
The Rise of Circular Supply Chain
In another effort to make supply chains more environmentally-friendly and efficient, many businesses will implement circular supply chains that minimize waste from discarded, returned, and damaged products.
Where a linear supply chain produces large quantities of waste, a circular supply chain breaks down damaged and discarded items into raw materials that can be used for future manufacturing.
This circle immensely reduces the amount of waste a company produces and can help brands save money on long-term materials.
Greater Supply Chain Integration
Integration with third-party logistics teams like GFS Logistics has been on the rise over the years. We expect this trend to continue and only increase in 2023.
As companies set goals for streamlined supply chains, increased technologies in their processes and saving money on carrier rates, they’ll need a reliable partner to help guide them on the path to success.
A team like GFS Logistics has technological advancements that minimize excess energy waste, save companies money, and keep customers satisfied with timely shipping processes.
Prepare your Supply Chain for 2023 with GFS Logistics
GFS Logistics is a national leader in supply chain management and works with businesses like Walmart, Tesla, and The Home Depot. We help keep their supply chains moving smoothly and can surely optimize yours for success.
Put our WMS, logistics management, and storage solutions to the test. Reach out to us today to learn more about becoming a partner with GFS Logistics. We’re ready to help you take on 2023!