Due to COVID-19 at the start of 2020, major docks and ports shut down leaving supply chains stuck and unsure of how to adapt and move forward. Recently, companies have begun researching creative and secure methods to modify their supply chains to be resilient to any disruptions going forward. Businesses have begun starting this process by strengthening their workboats through sustainability efforts, safety in labor forces, and advancement in technology.
Maritime Regulations & Sustainability
In 2022 the Marine Environmental Protection Committee agreed to the amendment of IMO regulations which involved a public rating system for vessel efficiency by 40% in 2030. In addition to the IMO regulations EU has made amendment changes to meet their emission goals. Due to transportation being one of the contributors of pollution and environmental damage, companies have steadily shifted their practices to alternative energy management solutions in order to reduce their carbon footprint. Consumer preferences for eco-friendly products and services is shifting how supply chains gather, package, and ship raw materials going forward.
Securing Safety in Labor Forces
As the quality of safety for labored workers has been severely impacted by the global pandemic, labor negotiations have been considered one of the biggest disruptions effecting supply chain. This impact established a cause for several businesses to implement term limits for labor forces and begin reiterating safety in the workplace such as ensuring proper equipment use, letting employees know the risks, and giving regular breaks.
Advanced Technology for Decarbonization
To get ahead of future supply chain disruptions, businesses have been actively shifting towards decarbonization methods. Initially, climate change commitments focused on the Greenhouse Gas Protocol Scope 1, 2, and 3 with Scope 3 being more specialized in carbon-accounting and tracking. Working collaboratively with customers, your supply chain, and stakeholders is one way to set your company aside from the rest and lead by margins and decarbonization efforts.
Though the pandemic caused several disruptions for marine manufacturers around the world, with restrictions being lifted on recreational boating the future looks promising. Due to freight costs, the shutdowns and congestions cost roughly $27 billion and the effects of the pandemic have pushed lawmakers to prioritize innovation and efficiently for international and domestic supply chain.
Although decarbonization seems like a complex, multilayer effort it has quickly become one of the few initiatives to have a positive impact on supply chain, customers, and the environment. As a business owner, adopting decarbonization efforts through maritime regulations can seem daunting. As a reputable 3PL with over 30 years in comprehensive supply chain management, our team of experts understand the difficulties of adapting to the ever-changing supply chain and strive to set you apart from the rest!
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