Is COVID-19 a 'Black Swan' event?
A totally unexpected event of magnitude is often referred to as a 'Black Swan'. In 2011 a massive earthquake and tsunami led to a disaster at the Fukushima Daiichi nuclear plant: in the immediate aftermath, the demand for basic consumer supplies soared across the nation, and around the world supply chains were stymied as Japan’s manufacturers had to close their doors.
COVID-19 might appear to be another such example: most businesses were totally unprepared to deal with the realities of a global health crisis, and many found that their supply chain and operations were unable to adapt at speed to the pressures of the pandemic.
The whitepaper explores:
- Learnings from the COVID-19 pandemic why did logistics costs soar in Spring 2020? And how might businesses be impacted in future?
- Threats beyond the pandemic including cyber-attack, Brexit and extreme weather. We also explore the risks that can arise with suppliers, including a case study of the 2017 Maersk shipping crisis.
- 8 steps towards logistics resilience that businesses must take to future-proof operations and profits; including enabling multi-site and multi-carrier strategies, and exploring options such as dropshipping.
7bridges is a smart logistics platform, used by high-growth businesses to transform and future-proof their logistics, while saving up to 50% on their direct costs.
The platform connects businesses to an open ecosystem of transportation carriers and logistics suppliers, and uses real-time AI technology to dynamically select the best route, carrier and packaging for every shipment. 7bridges ensures the best outcome for every order that's sent, and offers an unprecedented level of flexibility and resilience in these uncertain times.