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How to get Better end-to-end Supply Chain Visibility – Guide
Recent “Black Swan” incidents such as the blockade of the Suez Ever Dado Canal and the COVID-19 pandemic have highlighted the fragility of supply networks and emphasized the importance of end-to-end visibility. End to End Visibility is often defined as visibility from node-to-node, door-to-door, source-to-destination, or manufacturer-to-customer final.
According to Lloyd’s List, a global news transport service, more than $9 billion in cargo transits the 120-mile Suez Canal channel each day, or about $400 million every hour. Even if your items were worth a thousandth of that amount, and only 1% of that was affected, that would equate to an impacted inventory (working capital) fraction of more than $96,000 per day, or nearly $35 million per year.
That’s why supply chain visibility—and the business agility it delivers—is no longer a complement. It is a prerequisite for 21st century global trade to be sustainable.
How to manage supply chains
The COVID-19 pandemic disrupted supply and demand in a number of ways, forcing plant and border closures to create violent surges in consumer needs. Organizations without end-to-end supply chain visibility have struggled to adapt.
Managing supply chains requires advanced daily planning – even when logistics are running smoothly. Supply chain decision makers often face thousands of micro-interruptions, from lost connections and tampering to spoofing and packet loss.
All of these micro-disruptions can pile up and affect ‘local’ commerce, which makes supply chains less resilient and agile. In response, the logistics community has already started to take clear and decisive action.
As revealed in DP World’s inaugural “Trade in Transition” report, 83% of senior supply chain executives say they are actively reconfiguring their supply chain arrangements because of the COVID-19 pandemic.
Resilience and agility
There has been a massive resurgence of interest in supply chain agility in recent months. A Gartner global survey of 1,300 supply chain professionals revealed that 87% of respondents plan to invest in supply chain resilience in the next two years. The survey, conducted from September 2020 to November 2020, concluded that there is also likely to be more investment in supply chain agility in the coming years, with 89% of professionals saying they intend to dedicate resources to this area.
Clearly, supply chain resilience and agility go hand in hand. Agile supply chains give cargo owners the freedom to make quick decisions and the ability to reroute goods at any time, using integrated solutions like SeaRates.com, which allows customers to ship cargo around the world by sea with the click of a mouse.
SeaRates has been part of the DP World family since 2020 and is an important part of our company’s advanced strategic alliance program. In line with DP World’s global strategy, SeaRates has invested heavily in technology to make cargo movement management accessible and visible online, making the shipping process more efficient and unlocking value for our customers.
For example, SeaRates allows you to follow every step of your cargo’s journey, providing you with a clearly planned route before it even departs. The Distances and Time tool also provides an estimated time of arrival for goods to reach your final destination – no matter how complex or multimodal the journey may be.
By aggregating rates from thousands of different logistics providers and independent freight forwarders under the Digital Freight Alliance, SeaRates Marketplace allows companies to select available shipments based on cost and/or speed. Meanwhile, the SeaRates Shipping Schedule tool further supports your cargo’s route planning and visibility, allowing you to check schedules by route, port, ship or carrier.
Improve end-to-end visibility
When you know where your cargo is and where it will be, you can make the right decisions to adapt to unforeseen challenges. That’s why end-to-end supply chain visibility is such an essential part of the solution for both micro-outages and ‘Black Swan’ events.
The mission of the newly created DP World Logistics and Technology company is to help importers and exporters locate their stocks and identify where gaps exist in their current supply chains. SeaRates is just one example of how we are enabling tracking and offering more advanced tools like route planning and load calculation. These are the types of features that everyone adds. up to create noticeable gains by streamlining your supply chain and delivering many new efficiencies. All supported up for a proven track record, bespoke customer service, a 24-hour helpline, and the convenience that only world-class digital solutions can provide.
digital advances
Overall, the advancements we’ve made in our new division have increased our ability to help new and existing shippers save time and keep track of the best rates the local and global freight markets have to offer.
We will continue to develop new digital tools to support shippers and merchants in their daily business operations, and I can’t wait to share more innovations with you soon.
Final note
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