Adapt Fast or Disappear

A new operational report explores adaptability as a competitive advantage in logistics. Fast adaptation has been the theme of 2020, as COVID-19 disrupted supply chains and shifted consumer demands at a pace we’ve never seen before.

Those who have the flexibility to quickly adapt their operational environment, leverage technology and place customers at the heart of every interaction will emerge the winners. But adaptability isn’t simply a means to weather the current storm: it’s a system for success. With it, business sharks are able to rapidly shift their operations in response to new threats, unforeseen external events, and changing market needs.

We may not know what the next COVID-19 will look like: but if there’s one takeaway from 2020, it’s that we must have a foundation in place to respond, long before that next catalyst for change arrives. A new, free report released by SafetyCulture, ‘Adapt fast or disappear: A report for operations leaders to navigate the seas of opportunity, accelerate change, and build resiliency beyond COVID-19’, explores how the logistics industry can win the race to the last mile by finding a sweet spot between optimisation and risk management. It explores trends including:

– The over-optimization of supply chains and a need to balance between ‘just in time’ and ‘just in case’: a challenge highlighted by the ‘toilet roll crisis’ in 2020
– Diversifying risk factors to optimise and improve resilience over time, weathering the upfront investment challenge
– The role of technology including IoT, telematics, artificial intelligence and big data in driving supply chain excellence
– Tapping into the frontlines, by empowering our staff to capture data that is escalated to management for real-time insights and continuous improvement

By building our digital ecosystems, making data-driven decisions and driving an accountability culture on the frontlines of the supply chain, we can develop a sharp sense for changes in our environment. Equipped with that data, we can move and adapt faster. (Adaptation and early innovation are critical for success in any market: creating a trend Paul Nunes, the Global Managing Director at the Accenture’s Institute for High Performance, calls the ‘shark fin effect.’). More safety news here.

If our logistics operations fail to keep pace, we risk becoming obsolete: making adaptability not just a survival tactic for the current climate, but a business-critical strategy for long-term success. Download your free copy of the report today.