How to Overcome Supply Chain Issues in Your Business

One of the key factors to running a successful business is keeping up with demand.

But the issues over past couple of years hasn't made it easy.

Between staff shortages and natural disasters throughout Australia, there have been several disruptions to supply chains for businesses. When these issues occur, it causes significant problems for your company. One of the most detrimental is that it affects how you service your customers, which subsequently impacts your brand's reputation.

You might believe you can't overcome supply chain issues as you're not in control of it. However, there are solutions that can help reduce the impact so you can continue to get parcels into the hands of your customers.

What is Causing Supply Chain Issues?

One of the most common reasons for supply chain issues is staff shortages. It's a problem that's impacting a lot of companies. Many businesses don't have enough employees to manufacture products, which naturally causes delays in production, shipping and delivery.

Natural disasters are also having an impact. When floods or bushfires occur, there is an unexpected surge in demand for specific products. Recently, supply chains that operate through South Australia, QLD and Northern NSW were significantly impacted by the flood damage which occurred on road and railways. It negatively impacted several small businesses in the region as well as companies around the country.

Freight space is also an ongoing challenge for supply chains, which is exacerbated by both natural disasters and staff shortages. It results in fewer transport vehicles available to support the demand for businesses. It causes delays in the delivery process and an increase in prices to send a parcel.

How to Overcome Supply Chain Issues

When there are disruptions in the supply chain, it is vital to have a backup plan in place. One of these solutions is utilising a multicarrier solution, which will give you more parcel delivery options.

It will de-risk your business as you're not putting all your eggs in one basket. You can ensure that you are still able to meet the demand for your products and continue to retain customers by providing exceptional service. It's particularly beneficial for businesses relying on products being sourced for manufacturing or stores that deliver directly to their consumer.

How Can a Multicarrier Solution Help You?

There are several advantages to incorporating a multicarrier solution into your business. Particularly when it comes to overcoming supply chain issues.

1- Reduces Risks

When you rely on a single courier service, you leave yourself exposed to potential disruptions to the supply chain. Using multiple carriers can help to reduce the risk as it will spread it across various providers. If one of them is experiencing delays or issues, you will still be able to meet the demand for your products by using an alternative company.

2- Increased Flexibility

Using a multicarrier courier solution improves flexibility in terms of parcel delivery options and courier services. It also puts more control in the hands of your customer. They can choose which one is most suitable for their individual needs, whether it be express delivery or something that takes a little longer from a cheap courier service.

3- Avoid Staff Shortages

There's no sign of staff shortages going away, so it is crucial to have a plan in place so that the supply chain does not break down. Using a multicarrier courier solution can help reduce the impact of this problem. If one courier service is experiencing delays due to staff shortages, you will have access to other providers and avoid disruptions to your operations.

Get Started Today

Many reports claim that supply chain issues aren't likely to get resolved until 2023. The problem is forcing companies to come up with new solutions to stay in business and service their customers.

It is critical that your company adapts and find a solution, such as utilising a multicarrier courier solution. Not only will it give you more options when it comes to parcel delivery, but it will reduce supply chain risks to your business and ensure that you are still able to keep your customers happy and loyal.