The U.S. economy has seen its ups and downs over the past century. From the great depression to the 2008 financial crisis, economic downturns have disrupted the supply chain industry. Fortunately, today’s U.S. economy has seen a healthy and strong resurgence over the last two years. Regardless of the condition of the economy, there are proven strategies to help the best cold chain companies survive.
Improving Cold Chain Management
- Integrate your you cold chain
The first and arguably the most critical step in staying competitive in the economy is planning for end-to-end integration. Cold chain integration requires a team of management, sales, logistics, purchasing, and engineering. Communication between each party will maximize effectiveness from the point of origin to the point of consumption.
- Ensure a dependable and predictable supply.
A predictable and dependable supply is the anchor of successful end-to-end cold chain operations. When operations go askew, your business may end up spending more on inventory, transportation, and labor. Cargo Data provides integrated real-time and conventional data archive. This helps operations stay synchronized, connected, and integrated.
- Implement sustainability into your operations.
Research has shown that implementing sustainability into the operations of a cold chain can improve a company’s bottom line and have long-term economic impacts. To move toward greener solutions, we recommend implementing sustainable packaging and automating supply chain transactions to reduce paper usage.
- Protect your reputation and products.
Often, companies overlook the importance of their reputation. However, research shows that companies with better reputations spend less money, have higher market valuations, and spend less time recovering from economic downfalls. To adequately protect your reputation, shippers, carriers, and receivers must confirm temperature stability and stay FSMA compliant.
- Invest in new technologies
The introduction of smartphones, tablets, IoT, blockchain, and other smart technologies have continued to advanced the cold chain industry. If you want to reduce costly and time-intensive claims, it’s imperative that you invest in new and upcoming technologies, such as real-time temperature monitoring.
Contact Cargo Data Today
If you need help improving your cold chain systems, contact Cargo Data at (800) 338-8134. Our Lightning real-time temperature monitoring systems can provide you with inbound and outbound solutions for complete transparency and streamlined operations.