The restrictions associated with the COVID-19 pandemic played havoc with many businesses. That has been true for supply chain and transportation companies also. Shippers and transportation managers have had to adjust their strategies to get back on track and remain competitive. A combination of factors, including technology advancements, changing consumer behavior, regulatory shifts, and global economic conditions, drive trends. Moving forward, what post-COVID Transportation Management trends can we expect going into 2024?
A CSCMP survey sheds light
The Council of Supply Chain Management Professionals (CSCMP) is the leading global association for supply chain management professionals, with members from all disciplines within the supply chain.
Three years after the COVID-19 pandemic completely disrupted transportation networks, conditions are finally resetting and rebalancing, according to the
According to a recent study conducted by CSCMP, shippers will continue to change their strategies going into 2024. Watch for these trends.
Expanded Carrier Bases
Three-quarters of those responding to the survey admitted that their strategy would be different going forward than it was before the pandemic. 60% of the respondents said a major initiative would be to expand their carrier base to secure better rates, performance, and flexibility.
We can expect this trend to continue into 2024 and include small and large shippers adding additional carriers to their networks.
According to the study, one of the lessons learned is the value of having good relationships with your transportation providers. Many shippers found themselves in a bind during the pandemic. Those who had established reliable working relationships with their transportation providers were able to assist their customers. Shippers without those strategic relationships struggled with capacity and performance issues.
Dynamics 365 FO and BC for Transportation Management
Leveraging advanced technology will continue to be a priority. Digital technologies, including collaborative software such as
If you need to develop a carrier base or already have one, Next Generation Logistics offers a wide variety of transportation management programs, all of which can be tailored to your specific needs.
Whether you insource, outsource, or combine the two to manage your transportation needs, having a strategic relationship with a trusted transportation management partner such as
The freight and logistics industry will continue to evolve to meet the challenges and opportunities presented in the post-COVID era. At Next Generation Logistics, we're ready to help you accelerate your transportation technology for your
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