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    Individual Assignment TPT551

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    syahirahramli62
    The document discusses 7 critical issues in international logistics and supply chains: 1) the challenges of integrating new digital technologies, 2) rising transport and freight costs, 3) material shortages, 4) the difficulty of demand forecasting during the pandemic, 5) ongoing port congestion problems, 6) changing consumer attitudes requiring faster fulfillment, and 7) the challenges of restructuring supply chains.

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    Individual Assignment TPT551

    Uploaded by

    syahirahramli62
    148 views3 pages
    The document discusses 7 critical issues in international logistics and supply chains: 1) the challenges of integrating new digital technologies, 2) rising transport and freight costs, 3) material shortages, 4) the difficulty of demand forecasting during the pandemic, 5) ongoing port congestion problems, 6) changing consumer attitudes requiring faster fulfillment, and 7) the challenges of restructuring supply chains.

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    INDIVIDUAL ASSIGNMENT TPT551

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    The document discusses 7 critical issues in international logistics and supply chains: 1) the challenges of integrating new digital technologies, 2) rising transport and freight costs, 3) material shortages, 4) the difficulty of demand forecasting during the pandemic, 5) ongoing port congestion problems, 6) changing consumer attitudes requiring faster fulfillment, and 7) the challenges of restructuring supply chains.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    148 views3 pages

    Individual Assignment TPT551

    Uploaded by

    syahirahramli62
    The document discusses 7 critical issues in international logistics and supply chains: 1) the challenges of integrating new digital technologies, 2) rising transport and freight costs, 3) material shortages, 4) the difficulty of demand forecasting during the pandemic, 5) ongoing port congestion problems, 6) changing consumer attitudes requiring faster fulfillment, and 7) the challenges of restructuring supply chains.

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    of 3

    FACULTY OF BUSINESS AND MANAGEMENT

    BACHELOR OF BUSINESS ADMINISTRATION (HONS.)


    TRANSPORTATION (BA247)

    INTERNATIONAL TRANSPORT
    AND TRADE FACILITATION IN LOGISTICS (TPT551)

    INDIVIDUAL ASSIGNMENT

    NURUL SYAHIRAH BINTI RAMLI


    2022699986
    BA2474C

    PREPARED FOR :

    PROFESOR MADYA DR HARLINA


    SUZANA BINTI JA'AFAR

    DATE OF SUBMISSION:

    6 NOVEMBER 2023
    CRITICAL ISSUES IN
    INTERNATIONAL
    LOGISTICS AND
    SUPPLY CHAIN

    01 THE DIGITAL
    TRANSFORMATION AND
    TECHNOLOGY
    Digital transformation and loT can help or
    hinder supply chains. Potential supply
    chain improvements include AI, drones,
    robotics, electric cars, and on-demand
    delivery.
    Integrating these solutions into a
    company's supply chain Even though
    they're supposed to streamline and lower
    ecommerce costs, it's hard.

    02 RISING TRANSPORT AND


    FREIGHT COSTS

    Between January 2020 and January 2022, import


    air cargo rates rose by 80% due to a significant
    decrease in cargo capacity, which accounts for
    around half of international air trade during
    normal times. In that time, merchandise broking
    rose 45%. Full cargo, LTL, and specialised
    transport rates rose 25%.
    Parcel charges rose 14.7% and storage services by
    20.5%, with most increases after July 2021 due to
    supply chain bottlenecks at US seaports driving
    demand.

    03 MATERIAL SCARCITY
    Insufficient inputs have been a worry since the
    pandemic began because to unprecedented
    consumer demand. Retailers and suppliers are
    still trying to match this demand due to
    restricted components and supplies. Our
    network has heard from furniture manufacturers
    about foam shortages and bike manufacturers
    about component supplier maxes. Institute for
    Supply Management (ISM) survey found “record-
    long lead times, wide-scale shortages of critical
    basic materials, rising commodities prices, and
    difficulties in transporting products across
    industries.”

    04 FORECASTING DEMAND IS
    DIFFICULT

    Demand forecasting during a global epidemic has


    complicated supply chain management for numerous
    organizations. Many retailers and suppliers of
    consumer goods/services lost their predictions due to
    COVID-19, leaving them unsure how much inventory
    to stock or manufacture.
    To increase client demand projections, one must often
    rely on gut feeling rather than data-driven research.
    In this circumstance, supply chain managers should
    reject prejudice, seek new forecast model data sets,
    and refine their results for maximum accuracy.
    05 PORT CONGESTION

    Port owners, carriers, and shippers are still searching for a


    solution to pandemic-related port congestion, one of the
    world's biggest supply chain concerns. When a ship arrives at
    a port but cannot load or unload its goods due to capacity,
    congestion ensues.
    Labour shortages and social alienation caused huge jams at
    several busy global docks, despite the loading/unloading
    procedure usually going smoothly.

    06CHANGING CONSUMER ATTITUDES


    The epidemic also affected consumer attitudes
    and behaviours, such as cutting delivery times
    and elevating customer service standards.
    Having an agile supply chain that can use
    automation to optimise fulfilment and
    accommodate increased demand is difficult.
    Multichannel order fulfilment and inventory
    management tools demonstrate supply chain
    flexibility.

    07 RESTRUCTURING
    Restructuring undoubtedly is transforming modern
    retail brands. This can involve reshoring, switching
    suppliers, or entering contracts with wholly new
    carriers. The hardest part of restructuring is deciding
    when to alter and how to do it smoothly. To avoid
    running out of goods during supplier switching,
    careful planning is needed. This requires you to have a
    healthy level of safety stock to avoid a stockout and
    lost sales if demand spikes while you wait for
    replenishment or contracts.

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