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.
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.
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
Managing peaks with your supply chain is a long-standing challenge for retailers and manufacturers alike - with the biggest test often falling in the days, weeks, and months leading up to Black Friday.
Topics: Supply Chain Management, Black Friday, Crossdocking, Transloading, Warehousing and Distribution, Added Value, Kitting and Packaging, Cross-training, Buyer Consolidation, Technology Industry, Consumer Electronics
They used to say that a week was a long time in politics, but these days 24 hours seems to have enough news for a normal year. In the wake of Brexit, it’s begun to feel like we’re driving through thick fog, relying on our fog lights to illuminate as much as possible as we negotiate the hazy conditions ahead.