The COVID-19 pandemic has brought unprecedented changes and challenges to commerce and associated forward/reverse logistics supply chains over the past 3 years. The overall impact is evidenced in everything from the price of gas, increased operating costs, delays in shipping and the tightening of available warehouse space (in part due to the exponential increases in on-line shopping/shipping). There are nationwide shortages in available labor, consequently driving up payroll expenses. As a result, US Inflation is at its' highest watermark in over four decades.
This report will highlight Supply chain management can be the crucial component to a company's level of success. During economically challenging times, there are several critical strategies that companies can employ to optimize their businesses, and how to get a head of it.
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