Year on year, the automotive industry tackles increasing pressure to deliver technological innovation and evolved efficiency, all whilst facing volatile markets as the major manufacturers race to reach the finish line first. In such a process-driven culture, inbound supply chain disruptions of component parts can have huge financial consequences for OEMs and suppliers alike. After all, when inefficient automotive logistics disrupt the product pipeline, losses can amount to £100,000s in just minutes.
High value goods often require international movements, so it’s vital that your global supply chain is fully aligned and secure – from beginning to end. It’s not just the cost of goods in transit that heightens the risks you face; short lead times can also leave you sprinting for the finish line before the starting gun has even been fired. This, together with unanticipated increases in demand, could lead to missed product launches, stock shortage and disappointed customers which could even cause you to lose your market advantage.
Topics: 3PL, Shipment Visibility, high value cargo, secure logistics, safe secure logistics tracking, Global Supply Chain, Critical Path Management, International Supply Chain Management, Operational Efficiency
When it comes to high value cargo, it’s not just short lead times that are threatened if customs clearance stalls your supply chain. With Brexit looming, there’s considerable concern about increased cost and delays for imports and exports. Plus, your secure logistics – strengthened for high value goods – face fresh challenges, as the forward and reverse freight flow of goods is choked by checks.
Looking for lift off with a new product?
It could be your most innovative, disruptive concept to date, with consumers itching to get their hands on the latest hi-tech, luxury handbag or designer fashion. However, if your supply chain management falters your supply fails to meet demand – and your product launch falls flat.
At best, you’ll face expensive, expedited transport to fulfil retailers’ needs; at worst, you could lose those crucial sales and forgo competitive edge.
Topics: Short Lead Times, Warehousing and Distribution, Added Value, Griffin, 3PL, Shipment Visibility, high value cargo, secure logistics, Transit Protection, Product Launches, Origin Cargo Management, Route Planning
Securing your supply chain is vital in every industry, but for high value goods the stakes are even greater with the potential for costs to soar should something not go to plan. Whether during the launch of the latest hi-tech, the steady supply of sought-after designer trends, or the swift delivery of critical medications, your international supply chain could be worth billions at a time.
As the value of your product peaks, so does the interest of organised crime.
Beyond the simple loss of product, cargo theft or hijacking causes supply interruptions, a rise in supporting customer services, investigations and increased insurance. So, the safe movement of valuable cargo with secure logistics should be a primary concern for your 3PL partner.
When it comes to high value goods, it’s often the complete purchasing experience that provides value to your customers and your brand. Whether they’re shopping for the latest high-tech device or coveting a designer handbag, they will pay a premium for quality and expect a service worthy of the price. Therefore, when the latest trends come around your customers will want to receive their purchases in perfect condition and as fast as possible.
Trusting a 3PL partner with your global supply chain network is vital for the efficient delivery of your product. Indeed, for any far-reaching logistics with international warehousing and distribution capability, you need the right planning and policies, systems and strategies in place. That way, large scale operations are in the best place to maintain the same standard of quality throughout – no matter what borders or oceans they cross. To be assured of your 3PL partner’s supply chain solutions, look for industry standard accreditations as a sure sign they’ll always meet – if not exceed – your expectations with consistent quality management.
Topics: Pharmaceutical Industry, Supply Chain Management, Supply Chain Solutions, Supply Chain Innovation, Cold Chain Logistics, GDP Certification, Temperature Controlled Supply Chain, 3PL, Cost-effective Logistics, Customer-centric Logistics, Enterprise Risk Management, Business Continuity, ISO 9001, TAPA, Kaizen, Quality-driven logistics
Everyone makes dynamic risk assessments each day, no matter your role or experience, whether you’re at work or at home. In fact, risk is anything that has the potential to cause harm – and for businesses it’s your bottom line that can take the hit. In logistics, without robust risk management procedures your supply chain could falter then fail when the unexpected happens.
Any risk manager will tell you that the unknown can seriously damage a cost-effective supply chain. So, identifying risk is the first step in securing your supply chain for long-term results. If we take a snapshot of cold chain logistics, for example, compromising a temperature controlled supply chain could risk hundreds of thousands in just a single high-value pallet. Business continuity, then, rests on your 3PL partner’s expertise in measuring, minimizing, and managing risk to your business for cost-effective and secure supply chain solutions.
Topics: Pharmaceutical Industry, Supply Chain Management, Supply Chain Solutions, Supply Chain Innovation, Cold Chain Logistics, GDP Certification, Temperature Controlled Supply Chain, 3PL, Cost-effective Logistics, Customer-centric Logistics, Enterprise Risk Management, Business Continuity, ISO 9001
Creating an energy-efficient supply chain is only possible if you understand its overall carbon footprint. Certainly, there are huge opportunities within the industrial supply chain for reductions in CO2 emissions – particularly on the ‘Final Mile’ - to meet stringent regulations and streamline costs. A 3PL or 4PL partner who is committed to researching and developing green innovation is best placed to find long-term solutions across the entire supply chain. Recent research into smart tracking and accurate reporting undertaken by Yusen clearly indicates that it is possible to improve the sustainability of supply chain solutions of any complexity.
Topics: Pharmaceutical Industry, Supply Chain Management, Supply Chain Solutions, 4PL, CO2 Emissions, Supply Chain Innovation, Cold Chain Logistics, 3PL, Shipment Visibility, Cost-effective Logistics, Customer-centric Logistics
Transparency is key if you’re looking for a 3PL partner that strives to hone their customer-centric logistics. From factory floor to end destination, our recent study found that having full sight of your supply chain will best serve your needs – and your customers’. Not only does a customer-centric ethos foster stronger relationships between you and your supplier, but it delivers cost-effective supply chain management and innovative solutions.
For the consumer electronics industry, in particular, trusting a 3PL partner to drive continuous improvement will help you tackle the pressures of short lead times in an increasingly competitive consumer landscape.
Topics: Supply Chain Management, Control Tower Management, Warehousing and Distribution, Added Value, Shipment Visibility, Cost-effective Logistics, Consumer Electronics, Pre-Installation, Customer-centric Logistics, Productivity