LARRY SAVAGE JR- DEVELOPMENT IN LOGISTICS MANAGEMENT DUE TO PANDEMIC
During the pandemic situation of the COVID-9, almost all the countries have been paralyzed. There are drastic changes in different countries and has got a severe impact on all kinds of businesses. In fact, there are certain businesses where the demand has increased while there are some that went down. Larry Savage Jr thinks that the supply chains started to find out distribution channels while there was a crisis. Now, this has become more about managing the effects and then blocking the punches. So, here are the ways that have helped in developing the logistics management due to the time of the pandemic situation.
A risk management function is required For redundant supply chains and risk management, logistics management involves in the development of the product. And to contribute to the same cause, you will require to have engineering capabilities. Larry says that all businesses -small or big must have a deeper knowledge about the needs of customers. And you should find competitive benefits for value creation. Logistics management on the other hand has become much more complicated with the increase of online retailers. As a result, it has become much more essential to incorporate risk management to enhance the scope of the business.
Effective management of a supply chain There is a huge restriction on traveling due to the recent pandemic situation. And consumers are consuming more and more, which has increased the demand for supply chains. On the other hand, supply chains are too interdependent, which makes them pretty much vulnerable. Larry Savage Jr on Vimeo still has the faith that it will be great for the logistics industry, and with that, risk management will be the focal point.
Covid-19 will affect the regional supply chains Larry Savage Jr – Entrepreneur, Stock Options Trader in Birmingham, Alabama believes that there will be an increase in the regional logistics management. In case there is something to repeat, you will be able to realize it. There is an increase in the need for logistics management due to the increment in automated production as well as shorter product life cycles. Due to the Covid-19, there will be a huge need for the logistics manager.
Technological Revolution Unquestionably, we never had good methods and tools for working with risk and resilience management regarding logistics management. Supply chain virtualization, predictive analysis, chip technology, virtual reality, AI, positioning technology, wireless connectivity, robotization, and machine learning creates situations we never think it could before. Larry believes that technical aids have never been so good before.
Larry believes that whatever systems and technology have to offer us will be great to create in all actuality. In simple words, no processes, systems, or methods can ever replace the people in an organization. This is due to their ability to work together and achieving the common goals to have real success tasted. SOURCE CREDIT: https://larrysavagejr.wordpress.com/2021/01/11/larrysavage-jr-development-in-logistics-management-due-topandemic/
THANK YOU FOR WATCHING