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The year’s Index reports a decrease in confidence amongst supply chain professionals across the island of Ireland, an entirely expected outcome according to CBRE, as last year’s results were calculated just prior to the onset of the global Covid-19 pandemic. One year on, and the ramifications on supply chains - and especially international trade - remain.
Reflecting the ongoing disruption to international trade and global supply chains, 60% of logistics operators stated that they are reacting to changes in their customers’ international supply chains (such as the near-shoring of production or sourcing of materials), while 17% of manufacturers and retailer respondents suggested they are making structural changes to their international supply chains in response to the pandemic.
The pandemic also appears to be accelerating shifts towards more digitally enabled, technology-driven supply chains. Just under one-half (48%) of logistics operators suggest that Covid-19 has prompted greater use of and/or more investment in technology to drive efficiencies in their business, whilst 39% of manufacturers and retailers have taken the same approach.
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