The general conviction graph in the global economic environment has dramatically improved since the study.
They are actually expecting a hike in business and economics.
But now is the high time they express their expectations of profitable growth in the near future.
Accordingly, people believe that the critical observations of the study are still highly relevant for effectively managing the uncertain environment.
The areas covered are:
- Focusing on targeted opportunities
- Concentrating on customers
- Improving operational effectiveness
Understandably these implications are notable while running the supply chain business. Cargo logistics are not only related to the goods and shipment. It also needs to extend excellent services and customer services to cater to the customers well.
Not to forget the reliable pattern and route and delivery in flexible timings are crucial factors in retaining ultimate buyers and attracting potential customers. The only challenge cargo logistics leaders must solve is adding cost or operational complexity.
Usecase: A CEO said best: “The goal is not to downsize. We’re working to make our processes more efficient and boost employee productivity.” We do observe one difference, which is a change in how we handle global supply networks.
Is cargo logisticss considered to be a “strategic asset”?
The “piling on” impact on the cargo logistics, which has led to its elevation to the status of “strategic cargo logistics,” is, in some ways, the silver lining of the business and economic cycles of the previous 10 years.
The bright side is that cargo logistics executives now have a far more important “seat at the table” when developing and coordinating business strategy, thanks to the “piling on” that has been so difficult for them.
Industries/sectors will be the first adopters.
Using ideas from Professor Charles Fine’s book Clockspeed, we see the strategic cargo logistics emerging in the “fruit fly” industries evolving the fastest, such as high-tech and consumer products.
But in slower clock-speed, asset-heavy industries like chemicals and industrial products, we observe a discernible increase in the strategic significance of cargo logistics, primarily due to global changes in factor costs and demand trends.