Volatility has reigned in 2019. Tariff turmoil demands remarkable agility as the trade war with China stomps into 2020 and Brexit hiccups along. Not only that, climate requirements are critical as IMO 2020 nears—and global competition is breathtaking in a world of here-now e-commerce.
Businesses are feeling stretched and crunched at once, but 2020 offers refreshing opportunities, like flexible trade finance or optimized ocean shipping, and solutions designed to simplify.
Based on the knowledge and experience gained during what was a rocky year for many shippers, four major currents threatened to disrupt even the most successful supply chains and battle-tested business models. The new decade brings a new foundational approach, built on awareness of rapidly emerging trends that crested in 2019 and ride high into 2020 and beyond:
To better prepare for what’s coming, at all levels of the supply chain, businesses should consider the following as critical tools of the trade:
With the right steps, the chaos of 2019 can be harmonized—and lead to a fresh decade of growth and expansion.
From this reality, Flexport has developed a white paper to guide business decisions in 2020, including new solutions for trade finance, cargo insurance, carbon offsets, and more. To learn more, download the white paper “Supply Chain Lessons from 2019: A Guide to Navigate Global Trade Challenges in 2020 and Beyond.”