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
As the speed and technology of logistics takes great strides forward, consumers now expect to get what they want when they want it. For consumer electronics, this means dealing with shorter lead times and the pressures of product launches to ensure the latest tablet, laptop or mobile phone reaches the shelf faster for maximum profit. To do this, you need a 3PL partner who helps you avoid missed sales and stockpiled inventory by keeping your product moving. They’ll sharpen your competitive edge by supporting manufacturers with valued added logistics solutions that streamline your processes – and please your customer.
Topics: Supply Chain Management, Warehousing and Distribution, Added Value, Kitting and Packaging, Inventory Management, Cost-effective Logistics, Consumer Electronics, Bundling, Labelling, Pre-Installation
Consumer tastes can change in the blink of an eye, often leaving the shelf life of your high value consumer electronics shorter than their production cycle. The latest mobile phone, tablet, or laptop is soon superseded by a new model, with value plummeting as consumers’ interest peaks elsewhere. In such a dynamic industry, long lead times for technology products are a particular pain point as your speed to market becomes a priority.
In the Consumer Electronics industry, if you don’t move rapidly to keep up with demand you simply can’t compete. The ‘latest’ smart phone or tablet keeps its title only for a short while before we’re wowed by the next edition. However, there’s not just pressure on consumer electronics companies to get a product out of the door, but also in how its dealt with if it ends up back in the supply chain.
Topics: Warehousing and Distribution, RFID, Zero-landfill Policy, Reclaiming Recyclable Parts, Cost-effective Logistics, Technology Industry, Consumer Electronics, Reverse Logistics, Repairs and Refurbishment, Recall Management
Each shipment of consumer electronics could hold goods worth millions even billions: their loss undermining the market and badly bruising your bottom line. However, the costs of cargo theft go beyond the simple loss of product, with interruptions to the supply chain, supporting customer services, criminal investigations, and increased insurance all draining potential profit. When evaluating a 3PL partner, then, their supply chain security is crucial for the handling of high value goods whether that be the newest tablet, mobile phone or even crucial medicines and pharmaceutical products.
Topics: Pharmaceutical Industry, Control Tower Management, Real-time Solutions, Warehousing and Distribution, RFID, Griffin, GPS Tracking, Shipment Visibility, Technology Industry, Consumer Electronics, Supply Chain Security
Being able to continuously improve is becoming more and more crucial in a highly competitive supply chain management market. Arguably, nowhere does this trend become more evident than in the Pharmaceutical industry and particularly in cold chain logistics, where the standards of technical, legal and operational scopes are especially high as they directly affect human life.
Innovation has always been one of the core principles of Yusen Logistics and our research collaboration with Cardiff University in 2016 undoubtedly added value in some demanding areas of supply chain management for customer-centric logistics.