Look Back 2021 & Predictions 2022

Look Back

2021 wasn't just another year that came to a close. It has been a rather critical one for the supply chain and the delivery industry. The Evergreen getting stuck in the Suez Canal, the hydrocarbon crisis in the European Union, port congestions in the United States triggered by the import deluge during the holiday season are some of the key events that grabbed global attention. While the world is trying to limp back to rather different normalcy, it has certainly strained global supply chain networks to an unimaginable extent.

History would remember this year as an eventful one while it has also been one to reinstate the importance of technology. There is a growing realization on how critical it is to remain flexible and agile to take swift actions when disruption strikes the normal course of events. It will still take anywhere from 15-20 months for the after-geffects of these changes to set in and get comfortable with.

At FarEye, it has been a pretty eventful year too. With an additional $100 Million USD in funding, which made news in Times Square, we have made a grand foray in both the United States and the European Union markets with a marquee list of customers. Here’s a glimpse of how our platform has supported customers in the past year.

Predictions For 2022

The ripple effect of the pandemic shockwaves may still take a few more months to settle. While there will be bottlenecks and teething problems shifting into the new order, with the right technology in place, the impact can be minimised. Here are our top 5 predictions:

  • Continued growth in logistics as global economies rebound from the pandemic and online penetration increases in the retail markets
  • Supply chain bottlenecks will likely continue through the first half of 2022. Container rates, especially those servicing transpacific routes, will see continued higher prices
  • Greater investment in logistics software and technology such as RTTV and delivery orchestration solutions as shippers and carriers seek more flexibility and agility to better optimize their supply chains to overcome bottlenecks
  • Increased adoption of autonomous technologies such as drones and autonomous delivery trucks. These will reduce costs and alleviate pressures from labor shortages
  • Continued focus on sustainability with more efficient routing, electric vehicles to decrease the overall carbon footprint

To Know More

Get In Touch