Some call them failures, others call them bad mistakes or long-term problematic issues, while we prefer to call them Bottlenecks. We launched a series of evening events devoted to technological bottlenecks that we have recently encountered in our projects.
This time we’ll discuss bottlenecks in the supply chain and logistics industry.
Market Research Future (MRFR), in its recent research report, asserts that the global logistics market would touch an exponential valuation by 2027, growing at a 7.2% CAGR during the forecast period (2020-2027). The market growth is directly related to the rising landscape of international trades and the global economy.
Governments across countries worldwide strive to make the economy competitive by increasing domestic and international trades, creating employment, and reducing logistic costs and congestion on roads.
Logistics plays a causal role in minimizing the effect of variable temperature and protecting the product from physical damage, maintaining product specifications by keeping them warm, frozen, or refrigerated. Growing uses of logistics that can preserve the cold chain for shipping temperature-sensitive products such as food & beverage, chemical, and personal care stimulate the market size.
One of the main problems that the logistics market is facing right now is inventory management.
Consider the COVID-19 “bullwhip effect” – the changes in consumer demand that ripple through the supply chain at ever greater magnitudes, creating long-term problems for production and supply. This can be seen in the one-off surges in demand for toilet paper – stockouts one week, then excess inventory buildup the next. From goods delayed to goods unwanted, the pandemic has created inventory chaos.
So we decided to tackle this particular bottleneck and discuss potential solutions with our guests – the logistics market experts. Check this list of topics and if you are interested to learn what our experts’ opinion, please join us:
- Short intro into Supply Chain:
- Logistics management systems: how warehouse, transportation, and distribution software work?
- What is the difference between ERP, WMS and IMS?
- What are the best warehouse inventory management systems?
- What is a logistics management system?
2. What are the main challenges for the USCold warehouse rollouts:
- What about the technology, what are the most critical processes at warehouses to be automated?
- Absence of standardization in Warehouse processes
- Lack of automation and high risk of human mistakes
- Taking care about connections and dependencies with ERPs and other systems
3. What is the influence of the pandemic on the USCold supply chain business sector?
4. How to choose the right vendor to build powerful warehouse inventory management system software?
The event is chaired by Denis Makarov, Head of Delivery Practice (Supply chain & Logistics Industry) at Innovecs.
Our Panelists:
- Andrew Pavlicin, Program Manager at United States Cold Storage, Inc.
Experienced Continuous Improvement Manager with a demonstrated history of working in the warehousing industry. Skilled in Operations Management, Team Building, Budgeting, Strategy, Warehouse Operations, Management, and Continuous Improvement. Strong operations professional graduated from Penn State undergrad (SCM) and recently acquired an MBA from Saint Joseph’s University.
- Michael Beelar, VP of Supply Chain & Logistics COE at Innovecs
Michael is a technical sales leader with over 15 years of experience in business development, account retention, and solution selling. His most recent endeavor includes consultative sales of enterprise supply chain management (SCM) software and supply chain optimization solutions to oil & gas, renewable energy, and eCommerce customers. He was working at DHL and Pentagon Freight Services.
- Andrew Komarov, Software Architect (Solution) at Innovecs
Given the above challenges, can logistics companies meet rising customer expectations, and still generate profits and growth? The answer is yes, provided they remain flexible, and committed to upgrading technology, people and processes. Constant evolution is the name of the game.
Join Bottleneck Night to learn about inventory management from industry experts and tech leads.