The global supply chain was hammered during the pandemic by high costs, lengthy delays, crowded ports, and shipping container shortages. However, the industry has since evolved, as witnessed by the significant influx of new capital, players, and technologies and an updated, defensive understanding of the supply chain.
Moreover, IDC analysts predicted that 50% of companies would have implemented more balanced multi-shoring sourcing strategies to address risk better, resulting in a 10-percentage-point improvement in supply reliability. Such strategies could boost the logistics industry’s prospects.
