DISRUPTIONS to supply chain operations are set to stay in 2023, whether they are existing or new geopolitical conflicts, inflationary pressures and the recessionary environment, climate change weather events, or other issues yet to emerge. They can all impact access to goods and how they flow to their final destination, create port holdups, reduce container and ocean freight availability, and surge prices, among other concerns.
The retail industry in the Philippines also had its fair share of challenges from the disruptions in supply chain operations. The trade tensions between major global economies resulted in trade barriers, import restrictions and regulatory measures, increasing the expenses associated with importing goods and materials for the retail sector in the country.
Supporting this trend is a move from some major technology suppliers towards holistic supply chain platforms. Rather than offering supply chain capabilities as discrete add-on systems, they are bringing them all together in one platform, aiming to provide a seamless user experience.
Source: Energy Industry News (energyindustrynews.net)
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