Tag Archives: Cybersecurity

Warehouse operations are critical to any manufacturing business. From holding inventory to delivering items, the process must be as swift and efficient as possible. Earlier practices such as document management and communication have been a significant step, but growth and progression in the supply chain call for more.

The rise of the Internet has been a key event in improving warehouse operations. As technology progresses, there are even more ways to optimize the supply chain, and ensure every item or employee is included.

The Need to Streamline Warehouse Operations

Warehouse operations offer many opportunities for error while meeting tight deadlines. Brand owners must recognize these areas for improvement and see what can be done to reduce mistakes. Streamlining translates to more accurate and faster processing, which equates to higher customer satisfaction.

Warehouse operational efficiency also translates to long-term time and cost savings. Next-gen technology can streamline warehouse operations using fewer minutes and dollars resulting in increased productivity.

Remember to include workers when integrating these new electronics. Forty-two percent of workers fear job loss from automation and new technologies. However, the reality is humans are responsible for tool management and strategy execution. Train them to work with these items rather than against them.

Vital Next-Gen Technologies in the Warehouse

Some facilities may incorporate multiple next-gen technologies, while others only incorporate one. The most important factor is to assess what works best for a specific set of operations and makes sense investment-wise.

Automation and Robotics

Certain warehouse operations are rather repetitive. It can be the same cycle of picking out a product, packing it, adding a shipping label and sending it off. Automating these processes with robots can take care of these mundane tasks, shifting focus to more pressing concerns in the facility.

Smaller establishments can still find ways to introduce automation. For example, installations like conveyor belts move items along the facility. Automated labeling machines can transfer the necessary information.

Certain equipment can also improve staff safety. For example, about 70 worker fatalities occurred in forklift-related accidents across different sectors. Self-operating forklifts simplify warehouse transportation and prevent hazardous contact.

Blockchain Technologies

Blockchain technology is a key database streamlining data storage and information sharing. Warehouse management entails plenty of information about product quantity and delivery. Many parties — like suppliers, manufacturers and distributors — are involved.

The blockchain ensures information is accessible and interconnected. What’s ideal about this next-gen ledger tech is it keeps data under wraps. Each block is secure in nature because it requires verification and permission.

Thus, blockchain technology is ideal for various financial transactions. If a distributor pays a manufacturer for production, they should process the transaction through this network. It has a suitable layer of encryption while executing those actions.

Internet of Things

The Internet of Things (IoT) is a flexible alternative to blockchain technology. By employing this network, a warehouse can generate connections between products and machines through sensors and software. If one product is removed, the system will detect it and send an update.

The IoT enables warehouses to receive real-time data about the movement of their shipments. This cuts down the slower steps in inventory management and prompts communication between devices so all parties in the supply chain can stay up to date.

It is possible to fuse both next-gen technologies in warehouse operations. The blockchain establishes trust, while the IoT improves connectivity, refining the process of sharing information among multiple parties.

Artificial Intelligence

Multiple industries are utilizing artificial intelligence (AI) in business processes. While most people find its use helpful in customer service, 40% of business owners use AI for inventory management and 30% for supply chain operations. Warehouses can use their programs to collect and organize data in the long run.

AI can also generate different presentations and reports based on the data it receives. Manufacturers with multiple facilities can upload their information and send a prompt to receive specific information about their inner workings.

AI can also provide business recommendations on streamlining operations with predictive analytics. However, these programs’ output depends on the data set given, and there are limits to the predictions they can make depending on the amount of variation.

The next best thing to do with this output is to conduct a comprehensive data analysis. Use the information to set metrics for evaluation in the future. If one area is faltering, make actionable decisions to influence processing in the facility.

Cybersecurity

As effective as next-gen technologies in warehousing are, new problems arise. The Identity Theft Resource Center found supply chain attacks impacted more than 10 million people in 2022. Each facility and its streamlined performance are vulnerable to these cyber threats.

Focus on preventive measures to maintain the order of operations. Investing in a firewall adds a layer of protection to warehouse information. Add intrusion detection systems to alert business owners of any breaches.

Physical security installments can also protect warehouses. For example, surveillance cameras log who accesses company computers during and outside active hours. Biometric technology is also a good touch for tracking and access control.

Optimize Warehouse Operations with Digitalization

Speed and effectiveness are crucial in warehouses. Next-gen technologies have made great strides in equipping facilities with these attributes, so take advantage of them to strengthen operations.

*This article is written by Jack Shaw. Jack is a seasoned automotive industry writer with over six years of experience. As the senior writer for Modded, he combines his passion for vehicles, manufacturing and technology with his expertise to deliver engaging content that resonates with enthusiasts worldwide.

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Challenges are not new to the mining industry and 2024 is shaping up to hold several, from ESG pressure to labor shortages. But by focusing on challenges as opportunities to optimize, this resilient industry will no doubt weather these headwinds.

Here are the top issues, challenges and trends we’re seeing on the road ahead.

ESG (Environmental, Social, Governance)

According to 2024 research at EY, mining executives are looking at ESG as the biggest risk to their business — the third consecutive year ESG has received that dubious ranking. Why? It’s because of increasing scrutiny from investors and other stakeholders, and the likelihood of more strict regulations in the area of environmental protection and governance practices. All of which could lead to higher capital costs for mining companies that have to play catch-up in terms of ESG measures and compliance, like investment in new technologies and efforts toward carbon capture and storage. However, there’s a silver lining here for companies that take the lead in these efforts. It can put them on top in terms of attracting the best talent and capital investments, both of which are poised to be problematic this coming year.

Another thing about the environment …

In addition to mounting governmental pressure and stricter regulations in terms of ESG, there are other factors (and fallout) related to the environment as well. Shifting demand could mean changes in operations and production. For some companies, it may mean less demand for the materials they’re mining. For others, especially those that are focusing on nickel and lithium used in EV batteries, it means a boom.

Capital investments

That EY survey of mining executives cites capital as the second most pressing issue for the industry, behind (and hand-in-hand with) ESG. It’s shaping up to be a race for investments to facilitate the exploration for and extraction of minerals like nickel, copper and lithium, all crucial to the energy and environmental initiatives coming down the pike.

Delivering on growth projects

Linking to capital investments is the ability to develop new assets. Bringing new assets on-line faster, more responsibly and safer is more important than ever, especially in stable regions. Excelling in development projects is no longer a competitive advantage, it is an expectation from all stakeholders. Local communities and authorities expect a faster and larger return while shareholders expect a faster return on their investments. Executing growth projects on time, within budget and responsibly will define the exceptional from the pack.

Geopolitical instability

Ukraine, Israel, Gaza, and that’s just what’s making the headlines. Barring a holiday miracle, geopolitical instability isn’t going away anytime soon. In addition to the human toll, it means continued supply chain disruption, price volatility and more for the mining industry. It might mean trade tensions, embargoes, tariffs and other measures that impact the mineral trade, including “resource nationalism.”

Labor shortage

It seems like every year, we’re talking about a labor shortage in terms of recruitment and retention, and this year is no different for the mining industry. It’s particularly pressing because it’s a problem on two fronts. The labor shortage is impacting productivity today when you don’t have enough people to get the job done now. But it’s also the lack of a skilled workforce pipeline, people coming up and getting the skills they need to replace older, experienced workers who are retiring or leaving the workforce for other reasons. Workforce training, like we provide at USC Consulting, is the key to getting everyone on the same page, doing the same job the same way. It boosts productivity, which is an absolute necessity when you are feeling a labor crunch.

Technology

Technology and innovation will be big in 2024 for mining, as it will for most industries on the planet. Investments in automation will improve efficiency and safety, and it might help with the labor shortage as well. But technology advancements in mining aren’t really about the bots taking over people’s jobs. They can create new jobs and new opportunities for skilled workers which, in turn, will ratchet up productivity and process improvements mine-wide. Investments in new technologies will also help in areas of exploration, discovery and mineral extraction, again boosting productivity.

Cybersecurity

As data becomes king in all industries, not just mining, increasing digitalization heightens the risk of cyberattacks. Mining companies are considered high-value targets and are vulnerable to disruption, financial losses and more. Employee training, having a response plan in place and digital security measures are all important areas of focus for the coming year.

Remaining competitive through economic cycles or shocks

Many natural resource companies struggle to remain competitive through economic cycles or market and commodity shocks. The best possible operating efficiencies, productivity and lowest possible unit costs are the best insurance against these cyclical and adverse events. Companies design and develop good systems, but it is at the point of execution or operator level where the best distinguish itself from the others.

At USC Consulting Group, we understand what it takes to weather the headwinds for the Mining industry in 2024. We focus on optimizing processes and procedures, creating operational excellence and improving production to ultimately boost your bottom line and shore you up against whatever the coming year can dish out. Call us today to find out more.

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Cybersecurity is a concern for every business in today’s market. It’s not so much about if you’ll be the target of a data breach, but when. Businesses of all sizes can become targets of cyberattacks, and these attacks can be devastating.

Manufacturing companies have largely lagged behind on cybersecurity, putting them at risk for damaging data breaches. In some ways, the industry has been safer from cyberattacks than many other sectors as it has been slower to adopt advanced technology, such as “smart” systems.

However, that’s changing at a critical time: when supply chains are already struggling to meet consumer demands. In recent years, the number of cyberattacks on manufacturing companies has spiked, prompting more organizations to reevaluate their security protocols.

Here are some ways to protect manufacturers and supply chains from cyberattacks.

Understand Common Cyberattack Tactics

To protect against security breaches, it’s important to know which techniques hackers are using to access valuable data. In the manufacturing industry and within supply chains, the most common types of attacks tend to be ransomware, phishing, and internal breaches.

Ransomware involves taking control of a company’s data and asking for money in exchange for returning control. This is often a very successful type of attack because manufacturing companies typically can’t afford to shut down while they work to regain control.

Phishing schemes involve sending emails with fraudulent content that aims to get something from the recipient. For example, a hacker posing as a manager through email could request confidential company information from an unsuspecting employee, gaining access through a supply chain.

Internal breaches can occur through unsecured devices or even employees bent on theft or revenge. Protecting against these breaches is especially difficult as employee access is essential for running a business.

Follow Best Practices for Protecting Data

If you haven’t done a security audit in a while (or maybe ever), it’s a good first step in implementing better security protocols. Get up to speed on today’s best practices and go over your current strategy. Where do you need to improve? Once you know what steps you need to take, update all your policies and documentation surrounding cybersecurity.

Remember That Cybersecurity Isn’t Just About Tech

Unfortunately, protecting a company’s networks isn’t just about making sure you have the right security tech in place. People are the weakest link in any cybersecurity effort, and your employees can create vulnerabilities unintentionally.

Ongoing training is important for keeping awareness high in your organization. Teach people how to spot signs of an attack and what to do if they notice those signs. Talk to them about device and password security, phishing, and other important cybersecurity topics so they stay top-of-mind. Creating a culture around security is key for modern businesses.

Recognize the Danger of Third-Party Services

Supply chains have become extremely vulnerable to cyberattacks. The biggest reason for this is the number of third-party services that are involved in every supply chain. Organizations have to provide confidential information to third parties, meaning the data that’s passed along is only as safe as the security used by the third parties.

Choosing vendors carefully helps, but the more complex the chain, the more likely a breach will be. Sometimes, manufacturers have security requirements in their contracts with third parties, in an attempt to minimize risks.

Look Into New Cybersecurity Tech Options

Some technology solutions for cybersecurity, such as encryption, are still very effective for keeping data safe, but there are also emerging options that are promising for organizations that want to increase security. Blockchain technology, for example, is more secure than a traditional centralized data system.

Although it was created specifically for cryptocurrency, more industries are now using the technology to improve security. Staying on top of innovations in cybersecurity can help you decide on the best solutions for your organization and ensure that your security stays up to date.

Prepare for the Worst

Unfortunately, it’s probably just a matter of time before your organization experiences a cyberattack. With all the vulnerabilities within supply chains and the evolving tactics of hackers, a successful attack is almost inevitable.

You can reduce the potential damage from an attack by preparing for the worst, however. Having a cyberattack response plan can help ensure that your team will spot the attack quickly and know how to respond. Having a solid response plan will reduce costs and reputation loss from an attack.

Manufacturing and Supply Chain Cyber Attacks are Serious

Supply chain issues have been a major problem since the beginning of the COVID-19 pandemic. While some manufacturers are mostly producing luxury goods, it’s important to remember that supply chains are critical in supplying essentials as well, from food and water to energy. This means that attacks on supply chains can have devastating outcomes. Cybersecurity is critical for ensuring that communities all over the world have access to what they need when they need it.

*This article is written by Andrew Deen. Andrew has been a consultant for startups in almost every industry from retail to medical devices and everything in between. He implements lean methodology and is currently writing a book about scaling up business. You can follow him on Twitter @AndrewDeen14.

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Technology is essential for business tasks like tracking manufacturing and distribution, managing inventory and the supply chain, and handling administrative duties. Once business leaders establish technological systems, it’s all too common for no one to think about it again for a decade. This isn’t a great business practice.

Successful businesses are constantly updating their software to make processes more efficient and to improve the user experience for customers. Haven’t updated your company’s technology in a while? There’s no need to worry.

If you take a minute to analyze your business processes, you may find there are some tell-tale signs it’s time for an upgrade.

1. Your Team Uses Different Software for Different Processes

Do you find that your team is constantly jumping from one platform to another? Are there different applications your team uses for different business processes?

You can lose time and productivity if you are always having to change systems and platforms. Not to mention, using multiple applications can slow down your computer.

2. Team Members Frequently Complain About the Software They Use

There is nothing worse than not being able to do your job well because of technology.

Questions to ask yourself about your team’s experience are:

• Is your team having to do a lot of manual business processes?
• Is it difficult to access the data your team needs to access daily?
• Is your business data available on the cloud for easy access?
• Is your software slow enough to cause frustration among your staff?

If you notice your team complaining about outdated software, slow hardware, or systems that hinder everyday duties, it won’t be long before you start seeing a drop in morale and productivity.

3. Your Business is Shifting Gears

If you’ve decided it’s time for your company to change directions, you may need to also upgrade your technology to better align with your new business goals. Perhaps you want to acquire new laptops, smartphones, or tablets for your team. Perhaps you simply want to set up new systems.

When shifting directions, new technology can help you achieve your business goals. Research new technological solutions that might be a good fit for your business, and evaluate your options.

4. The User Experience is Convoluted and Difficult

Talk to your customers to find out what the user experience is like with your website or any other systems they use to purchase goods or services from your business. Is the whole process too chaotic? How is the workflow efficiency? Are your systems causing you to have difficulty when scaling your business and adding more customers?

These are all signs it’s time to improve the user experience. The last thing you want is for your website or app to be giving customers the wrong impression about your business.

5. Your Software Isn’t Secure

Security for your company is crucial. If you find the software is being threatened, it’s definitely time for an upgrade. Customers will be able to trust your business more if they know their information is secure in your system.

If you haven’t upgraded in a while and you’re using older technology, you may be more vulnerable to security breaches. This can put your company and your customers in a bad position.

Take a look at your current processes and figure out how you can streamline as much as possible

How to Upgrade Your Business Software

Alright, so you’ve taken a look at your business, you’ve assessed your situation, and you’ve noticed the signs that you need to give your business technology an upgrade. So what are the next steps? How should you go about getting started with updating your business technology?

1. Make Things Simple

You want to take a look at your current processes and figure out how you can streamline as much as possible. Unfortunately, business leaders can tend to overcomplicate things.

Identify your business goals, and research the best software to help you achieve as many of those goals as possible. Automate as much of the business processes as you can.

When you have put your new systems into place, don’t forget to test the new workflow. You want to be able to identify any issues so you can work to improve the effectiveness of any new systems.

2. Hire a Software Developer

Hiring a software developer is often one of the easiest ways to update your business software. In most cases, these experts will be able to go into your software, diagnose any problems you are having, and help you to find the right solutions for your business.

You may find it helpful to keep the software developer on retainer so that if you run into issues in the future, you can consult with them to find the best solution. This way, they can help you to ensure that your business processes continue to run smoothly.

3. Take a Web Design Class

If a lot of your issues have to do with your website, you may want to take web design classes yourself. In a web design class, you can learn the basics about web development, web coding principles, web graphics, and user experience.

You may be thinking that you’re interested in running your business, not becoming a web designer. However, as technology becomes more and more intertwined with business processes, you are likely to be much more successful in your business if you have a basic knowledge of how software and web design can work to help you have more efficient business processes.

If you want to improve the technology in your business, there are a lot of things you can do to stay current. It’s important to regularly take a look at your business processes and assess whether or not your technology is working for you.

*This article is written by Ainsley Lawrence. View more of Ainsley’s articles here.

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When you think of shipping and transportation, perhaps the last thing you consider is the threat that cybercrime can pose to the industry. However, as technology advances and systems become increasingly connected to online networks, cybersecurity is a necessity of modern shipping logistics.

Meanwhile, all kinds of digital attacks are increasing against a wide variety of industries. In this dangerous landscape, shipping companies must build strategies and implement processes that increase the safety of their digital systems.

From the rising threats to the evolving role of cybersecurity in shipping logistics, here’s what you should know.

The Rising Threat

When the COVID-19 pandemic struck, shutting down economies and causing widespread financial uncertainty, hackers took it as an opportunity to increase their malicious efforts. As many as 90% of surveyed IT leaders said they experienced an increase in cyber attacks due to the pandemic. Meanwhile, 93% said they had to delay key security projects in order to manage remote-work transitions.

This demonstrates the vulnerability of online global systems. Threats like the Kwampirs malware are running rampant and IT leaders are caught off-guard while attempting to deal with other pressing concerns.

But what does this have to do with the shipping logistics industry?

All kinds of new and highly connected technologies are propagating in the fleet management market. These innovations consist of sensors and monitors in the form of Internet of Things (IoT) devices, AI route-improvement software, and Advanced Driver Assistance Systems (ADAS) that improve driver safety through assisting with difficult and repetitive tasks. These in-vehicle monitoring systems bring location tracking and enhanced driver analytics to fleet management, creating altogether safer roads.

But what happens if these systems get hacked?

June of 2017 was a preview of exactly that. When 80 logistics and transportation ports were struck by ransomware, shipping company A.P. Moller-Maersk lost $300 million. Meanwhile, many deliveries were held and drivers forced to idle. The attack disrupted a complex supply chain and the effects rippled through various markets.

A.P. Moller-Maersk lost $300 million in 2017 due to a cyber attack.

As we come to increasingly rely on connected tech and even fully autonomous vehicles, the threat of cyberattack can be dangerous both financially and physically. Fortunately, there are a few simple steps you can take to better ensure supply chain cybersecurity.

Initiatives to Enhance Cybersecurity

Cybersecurity is needed in virtually every industry in today’s highly digital world. Securing your systems, however, can be difficult without the right professional assistance and reliable data services.

But finding the right help can be a challenge in its own right. Information systems professionals are in high demand, especially in the manufacturing and supply sector, where experts with the right skill set can earn their piece of a $2.17 trillion market.

Additionally, all kinds of IT personnel can build a better approach to secure shipping logistics through strategies like the following:

1. Assess compliance standards across the board.

A variety of data security standards are present across industries, such as HIPAA in healthcare or PCI-DSS in retail. Ensure all third-party suppliers and vendors meet relevant standards to facilitate safer information transfer.

2. Secure your software.

Software can be a vulnerability in supply chains. Protect yours with firewalls, VPNs, Transport Layer Security (TLS), and more to better ensure the safety of your networks and equipment.

3. Limit and monitor access.

Every user should maintain their own strong passwords and clearances. Data systems like blockchain can be helpful in securing information behind individualized user authorization keys, complete with immutable timestamps recording access to the system.

4. Educate your employees.

Avoiding a data breach can come down to simply educating your employees on avoiding links from unknown senders. Ensure all shipping logistics workers understand the importance of strong private passwords and maintain an awareness of common phishing practices.

5. Continuously run vulnerability assessments.

Risk assessments should be run at consistent intervals to help keep systems updated and functioning with the protections they need. Your assessments should include all IoT devices and networked equipment that could present an access point for an attacker.

When it comes to securing the digital systems throughout your shipping logistics processes, each of these strategies can mean the difference between a data breach or a prevented hack. Ensure your current systems are protected by a thorough baseline of SSL and VPN usage. Then, keep your employees educated in digital hygiene.

Evolving Roles in Cybersecurity and Logistics

With a comprehensive and consistent analysis of your data systems, you can mitigate the potential of a costly cyber attack. As our use of tech increases, cybersecurity will continue to play a greater role in shipping logistics.

Much like how a barcode system is now essential to inventory management, digital tools and AI technology are essential to managing supply chains with a modern edge. Systems like delivery and route management software can be the perfect way to increase your shipping efficiency, but the payoff won’t be nearly as great if your systems are compromised by malware.

Roles within shipping logistics are changing in consideration of the virtual shift. Understand the shifting nature of the industry and implement cybersecurity best practices like these to better protect your supply chains.

This article is written by guest author Beau Peters. View more of Beau’s articles here.

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It is difficult to put into exact figures the effects the coronavirus pandemic has had on global industry. However, with manufacturers and supply chains across the world reeling with the ongoing problems the pandemic has presented, we are seeing a definite shift in the ways business is conducted.

Overall, factory shutdown and manufacturing delays have shrunk foreign direct investment by 5-15%, as global trade and supply is interrupted. But some businesses and industries—like toilet tissue, hand soaps and sanitizers, and face mask manufacturers—are experiencing a heavy increase in demand.

So how are these businesses coping with potential delays or limited access to materials? What does this global shift mean for manufacturers and supply chain managers of products that are especially high in demand?

Manufacturing

Manufacturers in high demand during the pandemic must devise unique solutions to meet customer satisfaction while protecting employees. While these solutions are different for every industry, how paper products and food services are adjusting are a good indicator of common trends.

Paper companies have seen a 20% increase in orders during the pandemic, with worried individuals stocking up on products like toilet tissue for fear of being stuck inside without it. Additionally, the increased number of individuals either unemployed or working from home means more business for household toiletry and paper products. This means factories already operating on a 24/7 basis have had to increase production, hire on more workers, and buy out more materials, all while maintaining COVID safety recommendations.

Without maintaining employee safety, factories put themselves at risk of shutting down. This is especially vital in the foodservice industry, where workers have to constantly manage risks with shifting inventories.

Food and beverage companies are reevaluating their processes to maintain supply amidst high demand and limited access to materials. Coca-Cola, for instance, has experienced interruptions in shipments of certain sugar alternatives because of the pandemic. Usually, they acquired many of these materials from China, but the difficulties in trade amidst economic shutdowns and transportation complications have made international supply chains difficult to manage.

Photo by Olenka Sergienko from Pexels

As a result, manufacturers are shifting to domestic sources. According to a recent survey, 64% of manufacturers believe reshoring is likely, meaning a return to domestic sources of materials and assemblage. This domestic trend can help manage manufacturers and supply chain needs for high-demand products, but the effect on foreign economies will be felt for a long time to come.

Supply Chain Management

Supply chains require vast amounts of data, mapping, and planning for successful, seamless functioning. In light of the pandemic, those that already had a sufficient map of supplier sites had a better understanding of where delays could be anticipated. But data is key here, and it has been the focus of a shift for manufacturers both experiencing increased demand and those that have not.

Supply chains are essential to the transportation and costs of goods, both for manufacturer and consumer. Every aspect of customer satisfaction and good business relies on an effective supply chain, and the coronavirus has impeded supply chains worldwide.

Because of this, industries with high demand are more reliant than ever on the effective mapping of suppliers and the use of data. They need constant, reliable resources to meet demand, and only the best information can assist in this endeavor.

This often means a digital mapping system on top of a “nomadic sourcing” strategy for the long term. Businesses have to adjust their suppliers depending on where they can effectively acquire materials. For example, if a recent outbreak has shut down a factory that makes a specific part needed for another manufacturer’s product, a back-up location must be mapped out and ties created.

Some businesses are adopting these strategies and back-ups now, amid the pandemic, while others were already more prepared with such strategies. Regardless, the emphasis on information and digital tools is creating a shift in the world of supply chain management, where big data and AI tech is increasingly being adopted.

As a result of this shift, the concerns of cyber-attacks are more prevalent than ever. In the digital world made necessary by COVID-19, cybersecurity is a vital element of supply chain management, especially for those providing products in high demand. Data can be highly valuable for hackers and the current 4 million-person shortage in the field of cybersecurity, according to the University of North Dakota, makes for a dangerous landscape for supply chains.

As the industry shifts, digital mapping, nomadic sourcing, and cybersecurity are all central focuses for supply chains managing high-demand products.

A Changing World Amidst the Pandemic

Manufacturers and supply chain managers are having to adjust on the fly to the challenges of a global pandemic, and that means shifting policies and procedures. From integrating safety and social distancing measures to protecting employees to ramping up production and domestic sourcing, modern business is adjusting to high-demand and plotting supply chains with advanced digital all in a challenging environment.

These trends will likely continue for years to come, with the reverberations felt across a wide variety of industries. In manufacturing and shipping, these changes may make for increased awareness and control over materials and supply chains, but only time will tell what the full effects of the pandemic will be on global trade at large.

This article is written by guest author Beau Peters. View more of Beau’s articles here.

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