A gadget’s quality or innovation may not matter if it can’t reach the market quickly or before the competition due to shipping delays. Speed through the supply chain can lead to unprecedented gains for technology companies, not only for their products, but also top-line growth. Nearly 8 in 10 companies with high-performing supply chains achieve revenue growth higher than the average within their industries. *
Over the last 2 years, the perception of supply chains has changed. Logistics has gone from backroom talks to being a constant topic in board meetings. A fast supply chain has become a competitive advantage for technology companies, helping boost market share and customer loyalty.
Source: Deloitte – Supply Chain Leadership
Global expectations of a supply chain have changed since early 2020. At home, changing consumers want faster deliveries. At manufacturing sites, output has slowed down due to lockdowns and congestions. The global semiconductor shortage has made matters more challenging. Speed in supply chains has plummeted, due to numerous container shipping delays in 2021. For businesses to bounce back, logistics speed is an important problem to solve. Read our guide to understand how high-tech logistics can achieve speed in today’s global economy. What you’ll find inside:
For high-tech companies, there are two perspectives to speed: the time taken to develop new products, and the time taken to deliver them to the market. Some businesses might be forced to focus on one or the other. However, with a supply chain integration strategy, you may not have to choose.
In complex markets and disrupted supply chains, the right and actionable strategy is a game changer. It can be the remedy for shipping delays and other challenges in technology logistics, helping you achieve speed to market and solving complicated problems along the way.
Read about the 5 ways a high-tech supply chain integration strategy can set the tone for long-term success.
