The domestic and international supply chain industry shares the same inevitable challenges to the shipping and handling of items in obsolete channels.
According to MMC-PM.com, the road, bridges, and other vital infrastructure have never been upgraded upon their completion or at least paid the right attention. While this may sound like a matter for another day, this impacts the entire global management chain as well.
The Wall Street Journal reports, “Municipal bond issues have dropped to levels not seen in the past 20 years, even as borrowing costs plumb record lows and experts warn the country’s transportation network needs hundreds of billions of dollars in repairs.
This seemingly minute blockage in the overall business operation is the prime cause of stagnant and highly unproductive businesses. But the west coast has an answer.
There is a growing trend in west coast ports that utilizes the condition of the dwindling supply structures. Since it’s already understood that shipments may arrive late, a large number of empty boxes are constantly being bought. The rationale behind this goes with the timing of how Asian and other global suppliers export their goods to the country. Procuring boxes for exporting and importing purposes boosts the levy of storage and facilitation of the merchandise.
A Clear Example of Innovation
Fixing the entire medium of transport may still be a pipe dream, because doing so would suffocate industries to their very essence. But, with the innovative and successful response of west coast ports, it shows that there are still available workarounds in just about any situation—despite any grandiose structures.
Product to Focus on
The overproduction of apparel in China will be the first to level the supply chain of the industry. Their cotton and fiber reserves, which are enough to make 10 billion shoes, jeans, shirts, or any other product, already accommodate one-third of the world’s demand.
Instead of turning into a “panic economy” due to a dire strait, the best way to tackle this challenge is to create solutions such as the ones already started in west coast ports.