Logistics has moved from the backroom to the boardroom. The demand for tighter control over inventory as heightened awareness of the critical role that logistics is playing in creating more responsive and more resilient supply chains.
That logistics is a lynchpin in top functioning supply chains has been made painfully clear during the past six to eight months as even the best service providers were stymied by various pandemic related impacts, a dramatic imbalance in global imports and exports, combined with labor shortages at key ports in Western nations that has driven ocean rates up by nearly 200% on key trade routes.
The situation with air cargo has been just as bad.
I'm Jane singer and today I'm speaking with Eric Williams, senior vice president global head of international supply chain at Kuehne + Nagel.
Eric will be giving us a closer look at the current situation in shipping and his outlook for when we might see a correction. He'll also share his insights on some of the new developments that are enabling logistics to provide brands, retailers, and exporters' with better transparency, flexibility, and control over their global supply chains.
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