One area of investment you will want to look into is technology, according to Material Handling and Logistics. According to the news source, in an effort to stay competitive when recruiting top talent, you need to have top-of-the line technology. This can also help offset any gaps you have due to labor shortage, as software platforms and robotics are starting to fill in with some of the more monotonous tasks.
Additionally, investing in technology can help you gain more insight into what is going on with your supply chain and where you can make efficiency improvements. According to Supply Chain 24/7, more managers are using technology to have insight into how quickly moves through the supply chain and spot signs for needed improvement. The news provider reports that managers are taking a look at aggregate data across the chain and trying to make improvement in delivery productivity and seeing peak times for activity.
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