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.
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, 3PL, Shipment Visibility, high value cargo, secure logistics, Transit Protection, Product Launches, Origin Cargo Management, Route Planning, YL-Griffin
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