Freight Professionals “Want to Change Supply Chain Strategies Post-Covid” Says Survey

29th April 2020

Logistics BusinessFreight Professionals “Want to Change Supply Chain Strategies Post-Covid” Says Survey

Shipping and freight professionals want to change their supply chain strategies post-Covid, according to a recent survey.

Answered by over 300 Shipping and Freight Professionals across the world, the survey brought out some key indicators that will inform the future course of global supply chains. One of the most important trends unearthed was the readiness to change supply chain strategies (42.2%). Additionally, answers and a large number of comments on the survey questions point to the overall adaptability of the industry and that we can expect a renewed surge in the demand for technology solutions, with 67.6% of the survey takers indicating they will invest in technology.

Global supply chains and shipping as we know them will be different from how they worked for decades. Navigating around and through the COVID-19 situation has left us all in uncharted waters, with 59.2% of responders indicating their operations were significantly affected, rocking the foundation of even the most stable businesses. However, sharing information and understanding best practices will enable the industry to come together and combat this as a whole. If there was ever a time for collective efforts, it is now.

With this intent, the survey, conducted by Shipping and Freight Resource and sponsored by Ocean Insights, the Ocean Freight Tracking System provider, was designed to measure the effect of the coronavirus pandemic on global supply chains. It collected and analyzed data on three key aspects – Impact, Preparedness, and Recovery.

The survey was answered by Carriers, Logistics Providers, Freight Forwarders/NVOs, Consultants, Shippers/BCOs (95.7%) and other (4.3%) industry professionals across job levels —C-Level, Director/Top Management, Middle Management, and Operations.

Find more details here.