COVID-19 has led to three waves of Supply “Change” Management that Ports America President Peter Levesque, the former CEO of Modern Terminals Ltd. in Hong Kong, will describe in a big-picture presentation at #TPM21. They are:
• The diversification of retail sourcing away from China and to Southeast Asia, near-shoring to Mexico and elsewhere in the Caribbean and Latin America, and reshoring of personal protective equipment, pharma, and medical equipment for national security.
• The rapid expansion of retail e-commerce in the US and how that led to a global shortage of air cargo capacity, growth in premium and fast-ship carrier services, omnichannel logistics models that include ocean and the opportunity niche ports to thrive
• And the rapid adoption of digitization across the supply chain, including visibility and predictive analytics; and technology as a backbone of e-commerce supply chains, all of which will put pressure on ports and other supply chain participants as demand for efficiency grows.