Understanding the challenges facing global supply chain logistics
Globalisation is changing the way companies view and use their supply chains to compete and gain market share. The challenges facing today’s global supply logistics has grown to include:
Further, this has pushed companies to find ways that would easily identify, quantify, prioritise and mitigate risk for better decision making. It resulted in the development of processes that would:
Ensure goods are delivered on time globally
Customer expectations regarding pricing and packages are tailor-made
Multiple customer segments are offered personalised options
However, there are more factors that have to be considered before you can achieve the ideal flow in your supply chain logistics, which include:
Understanding several economic conditions including volatile oil prices, fluctuating currency rates and constantly changing borrowing rates
Political events such as internal conflicts, elections and civil wars
Natural phenomenon such as tsunami, earthquake, drought and typhoons
Shift in manufacturing from high costs to low cost regions such as China, Africa and India
Addressing the global supply chain logistics challenges
With these challenges, how can your company move forward and remain competitive? Developing a partnership with an expert global 3PL provider with advanced technical capabilities and solutions is your best option.
Develop partnership with a global 3PL provider
If you are operating globally or moving to operate globally then you are most likely dealing with or preparing for many complex hurdles for your business, including:
Maximise the benefits of advanced technical capabilities and solutions
Investing in technology and personnel to handle supply chain management in-house could be costly and prohibitive, especially for businesses expanding into the global market.
Partner with a global 3PL provider that specializes in the delivery of this service. Maximise the benefits of their advanced technical capabilities and solutions to ensure your delivery of products from manufacturer to consumer is efficiently tracked and monitored.
Choosing the right 3PL service provider for your logistics supply chain needs
Now that you are aware of the many advantages a 3PL service provider can bring to your business, here are some tips in finding the perfect supply chain logistics partner for your company.
Adaptability to changes
More than a 3PL provider, your logistics supply chain company of choice should demonstrate a commitment to continuous improvement. Ask how many improvement projects they have initiated through the years.
Do they invest in formal training to ensure their staff is skilled and knowledgeable? Have they received any awards or recognitions?
Ability to provide you control supply chain visibility
As supply chains go global and your processing becomes more complex, you’ll need a 3PL provider that gives insight to every stage of the supply chain process. This includes:
Inventory carrying costs
Can your 3PL provider give you this kind of visibility? Do they have the technology and skills in place to provide real collaboration?
Check and see if they can give you the visibility you need.
Delivery of business intelligence and insights
Your logistics supply chain partner should deliver business intelligence dashboards that could help you with your decision making process. Does it provide you with leading industry practices and trends? Does it offer innovative solutions on how you could use these towards your advantage?
Your modern-day 3PL of choice should be able to rise to these various challenges. It should be able to apply these supply chain expertise so you can enhance your business operations.
New technological tools to help maximise and speed-up productivity such as integrating RFID, SAP, Pronto, MOVEX and EXCELLO in your operation. Are they able to deliver these smoothly towards your current organisation through efficient change management?
BRi helps maximise your IT software so you can deliver real-time information to your customers. Talk to us at 1300 348 828 to keep pace with the latest technological innovation suited for your business needs.
BR International is your modern-day supply chain logistics partner of choice
The world is constantly evolving and changing, including your company’s logistics needs. If you are ready to expand your market or make investments in new technology, reach out to an expert who can:
Contact us online to schedule an appointment with our supply chain logistics experts.
This entry was posted in Public News on by Aaron Poole.