Tuesday, April 7, 2020
A recent CBRE report on the impact of COVID-19 on warehousing demand highlighted the need for flexible supply chain solutions like Stord. Companies are currently wrestling with inventory stockouts, tightening storage capacity and an uncertain freight market, but a partner like Stord can provide solutions quickly by leveraging our 3PL network and the supply chain data gathered in our software platform.
And according to the report, flexible solutions will be needed long after COVID-19’s initial impact on supply chains passes, as companies will need to start adjusting to increased operations. With an uncertain economic and political climate ahead, it will be extremely challenging to make any long-term supply chain decisions, so companies will likely want to avoid lengthy warehouse leases and capacity commitments, relying on agile solutions instead.
If you need to find additional capacity, set up forward stocking locations, or identify where you can cut costs in your supply chain, reach out to Stord.