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.
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