Supply chain problems continue to plague industries around the world: material and supply shortages, labor shortages and strikes, significant weather events, you name it. As companies seek solutions that can provide relief, some are looking to entrepreneurs tackling the basics, at least according to The Wall Street Journal:
“Rather, entrepreneurs are tackling the most basic challenges that plague all supply chains. Their innovations include more nimble systems for managing warehouses and tracking inventory. They are also developing software and services that make it easier to rent out unused warehouse space, or to help retailers position goods closer to consumers so they can reach them quickly. And they are working on new ways to automate parts of the labor-intensive supply chain, not just to reduce the need for scarce workers but to help make the employees that companies do hire more productive and happy.”
This follows reporting from The Wall Street Journal late last year that many supply chain and logistics technology companies are drawing big investments, including those focused on tools for operations such as managing warehouses, matching freight loads to transportation capacity, and mapping out cost-effective routes to move goods.
Of course, as new technologies enter the market, there are hurdles for which all parties must account, most critically, the pervasiveness of legacy technologies already in place. New tech solutions are only as good as their ability to integrate seamlessly with existing solutions for a unified experience. Disparate systems that don’t communicate or require manual processes in-between will struggle to keep pace in a fluid environment such as supply chain logistics.
At a bare minimum, new technologies must be able to integrate with the most common legacy systems, including major WMS, IMS, and shipping systems to become an integrated part of the technology stack. Basically, it’s imperative emerging technologies walk before they run. A new technology may do an incredible job of solving for one key issue, but without the ability to integrate quickly and easily with complex enterprise operations, it will likely stumble out of the gate with low adoption.
In today’s global economy, businesses recognize the importance of logistics technology for solving long-standing supply chain issues exacerbated by recent events. We look forward to seeing the innovations that emerge as entrepreneurs tackle these issues backed by greatly increased investment.
Contact us today to learn how advanced multi-carrier parcel shipping technology with robust technology integrations can help your organization take control of its logistics operations.