A recent Tech.co survey revealed workforce shortages, rising diesel prices and unforeseen disruptions as the Top 3 most common pain points logistic businesses are facing.
“It's hard to plan for something that catches you off guard, and that's exactly what the logistics industry has found, as shown in our latest research. Disruptions such as recent extreme weather in the U.S. have proved a major challenge for the industry, with severe knock-on effects. While the biggest pain point in the industry is the long-standing issue of workforce shortages, firms would be wise not to overlook the significant impact of weather and infrastructure failure,” says editor of Tech.co, Jack Turner.
Key takeaways:
· Most significant challenges ranked as workforce shortages (24%); rising diesel prices (20%); major unforeseen disruptions (19%); government regulations (15%); and problems with working conditions (11%).
· A spike in unpredictable weather in recent years has made tornadoes, extreme heat and flash flooding more common. Businesses are finding it increasingly difficult to anticipate and prepare for such events. These disruptions often lead to financial losses, operational delays, and potentially if unable to deliver on services, damage to a company's reputation. The increasing frequency of unexpected events may lead to logistics firms investing more heavily in real-time monitoring software to support ground staff.
