Supply Chains—the More Things Change, The More They Stay The Same

If you look hard enough, you can find song lyrics to fit almost any situation. But this title from a Bon Jovi song from a decade or two ago seems to sum up the constant state of flux those managing supply chain operations experience. External shocks come and go, but the need to remain resilient and flexible in managing the day-to-day remains.

So far, in 2024, we continue to see organizations grappling with significant demand and supply imbalances, marked by an oversupply of transportation asset capacity, leading to depressed pricing and ultimately creating financial risks for providers. Meanwhile, trade flows in North America and Europe are transforming as the impact of nearshoring is starting to be felt. Amid these structural shifts, we continue to see unpredictable disruptions, such as the sudden and drastic situation brought about by Houthi rebel groups targeting merchant ships in the Red Sea, now causing vessel delays and rate increases. Looking ahead, other