UK businesses are seizing export opportunities with a record high of £620.2bn UK exports recorded last financial year and Heathrow airport, the UK’s leading air gateway, reporting double-digit cargo growth of 10.2% for the 12 months to December 2017 with East Asia, Europe and the US its biggest markets. Furthermore, the prospect of increased profits and turnover are further encouraging businesses to expand their offering with a recent report by Lloyds Bank stating that two in five UK businesses are planning to export or enter a new market for the first time before the end of the year.
Topics: Supply Chain Solutions, Vision I, 3PL, Consumer Electronics, Reverse Logistics, Repairs and Refurbishment, Recall Management, Customer-centric Logistics, Quality-driven logistics, high value cargo, Global Supply Chain, International Supply Chain Management, high value goods, high value goods supply chain, supply chain
If there’s one thing our Brexit blog series has shown, it’s that the practicalities of how businesses will cope and run after March 29th 2019, or at least after the transitional period of December 31st 2020, is still largely unknown.
There are predictions, estimates and forecasts, but, until the final trade agreements have been signed, the true extent of Brexit, and the following repercussions for businesses, will remain largely unknown. The way we’re facing Brexit here at Yusen is through extensive planning, keeping informed of Brexit updates and constantly revising our operations and strategies to ensure we’re able to make as informed strategic decisions as possible at this stage.
The latest blog post in our Brexit series highlights the specific subject of your customs clearance after Brexit, and how these affect supply chains, both in and out of the UK. With Brexit day fast approaching, we reveal what procedures and plans we have in place to overcome the challenges Brexit poses at the borders.
In our previous blog post our internal Brexit expert, James Colson, highlighted the key potential scenarios for businesses’ supply chain management and how to start preparing for the day we leave the EU and beyond.
The latest blog post in our Brexit series explores how the impending leaving of the EU is already influencing the UK warehouse and transport industry.
For now, however, we still have some time before the end of the ‘leave’ transitional phase of December 2020, and the fine details are still far from clear. At Yusen, our focus must be on potential scenarios, expected outcomes and comprehensive logistics contingency planning, for both ourselves and our customers.
If you're in the business of high value goods, security is likely to be at the top of your priority list. But are you aware of the real implications that face your supply chain?
With so much remaining unknown, at this stage the impact of Brexit on the high value goods supply chain can only be guesstimated. As an EU member state, the UK has long enjoyed free trade with its European counterparts, bringing benefits such as zero Customs Duty on products received from or dispatched to fellow European Union (EU) states, as well as minimal red tape.
The insurgence of a new customer experience is shifting every avenue of the retail journey. The growth of the holistic omnichannel approach means ecommerce and bricks and mortar retail are more fused than ever before. Dynamic new logistics models focus on delivering a seamless and integrated service in the customer's buying journey, whether using a device on the go, at home or by walking into a store.
For the first time ever, mobile devices are leading the way in UK online retail sales too, further cementing the leap towards ecommerce demand for shoppers. According to IMRG, the 'digital tipping point' emerged in 2016 figures, when 51% of all UK online retail sales took place via smartphones or tablets.
If a customer pays a premium price for a premium product – anything from the latest games console or mobile phone to a designer handbag or top-of-the-range fridge freezer – they naturally expect the very best: a quality product, delivered on time, in prime condition, no excuses. If they decide your product isn’t quite right for them – or they’ve ordered the wrong model, colour or size – they also expect a quick and hassle-free returns or exchange process. In short, if you’re dealing in valuable goods, every aspect of the high value goods supply chain needs to run like clockwork to ensure customers are happy and your reputation for excellence remains intact.
To enable you to meet your customers’ high expectations, outsourcing your warehousing and distribution services to an experienced third-party logistics (3PL) for high value goods like Yusen Logistics can pay huge dividends. Our networks, infrastructure, experience and supply chain management expertise will protect and enhance your high value cargo and add substantial value to your operations.