Packaging accounts for over $150 billion in annual spending for manufacturers and shippers. It also contributes to 75% of greenhouse gas emissions from the supply chain. However, to alleviate environmental risks, many companies are investing in re-shoring factories, “just-incase” inventories, and qualifying alternative suppliers to build flexibility.
Fertilizers are essential in the agricultural industry and supply crucial nutrients to crops worldwide. The industry is expected to reach 9.7 billion by 2050, and fertilizer prices account for nearly one-fifth of the United States farm cash costs.
In the freight industry, overall success for a business relies heavily on efficient operations and constantly being prepared for consumer trends. When companies maintain a tight schedule to keep up with the peak season, having an effective process that predicts trends, customer demands, and market shifts makes a smoother system of operations from start to finish.
Companies continue to grapple with the impacts and face lingering effects of the pandemic, actively seeking ways to mitigate supply chain disruptions and explore alternative sourcing options.