Shortages of all kinds of products are spreading fast worldwide, and a new era of the supply has presented itself. Global logistics are deeply changing. You already know about the problems, however, few people talk about the solutions that are emerging, like the digital revolution.
In an age where we’ve grown accustomed to clicking and waiting for everything we want to arrive at our doorsteps, we’ve experienced the shock of being unable to buy toilet paper. We have to wait months for simple deliveries and see the skyrocketing prices at the real-state market.
Far more importantly, we have experienced a pandemic without sufficient protective gear. Doctors are unable to obtain necessary medications. Transport of oxygen is becoming increasingly difficult, and in several countries, even anesthesia is lacking.
What is causing these shortages?
The pandemic has wreaked havoc on practically every part of the global supply chain, which is the largely unseen network of manufacturing, transportation, and logistics that transports commodities from where they are created, mined or farmed to where they are going. Another company or a consumer who has paid for the finished product is at the end of the chain. Scarcity has driven up the pricing of numerous goods.
The problems date back to early last year, at the start of the epidemic. Factories in countries like China, South Korea, and Taiwan, as well as European industrial behemoths like Germany; have been heavily struck by the proliferation of coronavirus infections. Many factories closed or limited their operations because workers were ill or on strike. Shipping firms trimmed their timetables in response, anticipating a decline in demand for transporting products around the world.
The digital solution
In a moment of uncertainty like the one we live in, it is necessary to have access to information as soon as possible; to be always one step ahead of disruptions. With artificial intelligence and machine learning, it is possible to analyze the supply chain and be proactive for eventual shortages or blockages.
To sum up, the supply chain that relies on state-of-the-art technology has more resilience. That is why we at Grydd have developed a powerful operating system focused on logistics. This way we can bring the technologies you need into the palm of your hand. Be part of Grydd.