The one-two punch of the pandemic and the Great Resignation put shipping companies and ports at a severe disadvantage that both are still working to overcome. Consumers, meanwhile, who largely never gave the shipping industry a second thought before 2020, are learning a lot more about the ins and outs of getting products to manufacturers and stores.
Right now, much of the focus is on the upcoming holiday season, with major retailers like Amazon strongly encouraging users to begin shopping early (through programs like the recently completed Prime Early Access Sale). But how do things look a little further down the line? Here’s what the experts have to say.
GOVERNMENT INTERVENTION REMAINS A POSSIBILITY
While governments have tried to clear a path as much as possible for shipping companies, they’ve resisted a direct hands-on approach through this crisis. But a report from research and data firm IHS released in late September raised the possibility of government intervention in the future, as geopolitical events, rising inflation and other hurdles could cause problems.
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Eric Davis is Automation Alley’s Governance Lead and Analyst. In this role, he helps improve collaboration across the various business units of Automation Alley. Davis also manages the Industry 4.0 Readiness Assessment program, which provides in-depth analysis and insight to help small to medium sized businesses understand how Industry 4.0 will impact them in culture, finance, and technology. Davis also manages the investment process for Automation Alley’s pre-seed fund, which supports companies in Automation Alley’s Industry 4.0 Accelerator. Davis has an extensive background in performing due diligence on public and privately-held companies as the Chief Investment Officer of Revalue, an independent Investment Advisory Firm. Davis also implements icube™, a leadership system designed to help companies reduce human friction and build trust to maximize teamwork & profit.
