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Manufacturing Industry Updates Supply Chain Industry Updates

Supply Chain Leaders Feel it, Too

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That is to say, like many others today, they are feeling more optimistic about the future.

A new survey from GlobalTranz Enterprises revealed that nine in 10 respondents believed their company’s supply chain was prepared to meet customer demand in 2021. “2021 Logistics and Supply Chain Trends and Outlook” also revealed:

  • Seven in 10 respondents expected the rollout of the COVID-19 vaccines will enable them to attract new customers. More than nine in 10 said the rollout will lead to a robust economic recovery.
  • Six in 10 believed that the latest stimulus packages will benefit both their operations and business revenue.
  • More than half anticipated that the new U.S. administration’s regulatory policy will have a positive impact on their businesses.

Of course, nobody expects 2021 to be all puppy dogs and rainbows. The survey respondents also told GlobalTranz that they dreaded challenges ahead related to transportation costs (37%) and labor shortages (31%), and one in three questioned whether they will have the resources to meet customer demands.

“Over the past year, companies serving both individual consumers and businesses have had to deal with changing buyer behaviors and inventory management techniques that have created significant supply chain volatility,” said Bob Farrell, GlobalTranz chairman and CEO. “This survey shows that while there is consistent optimism in an economic recovery, supply chain leaders understand that many new challenges lie ahead.”

Click here to download the survey report.

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