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.
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.
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