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Going Global
As global supply chain performance becomes increasingly pivotal,
a new class of international freight forwarders and consultants are emerging
that can provide a broad range of integrated, value-added
logistics services, enabling companies to take advantage of global growth
opportunities.
Logistics in the Next Century
In an increasingly competitive international marketplace,
many companies seek to leverage offshore sourcing opportunities and gain
access to new markets by "going global." Managing new materials flows from
multiple offshore factories and vendors to highly dispersed end-markets
has become increasingly complex. In the United States, chief financial
officers and product managers now expect their logistics groups to help
expedite products to markets worldwide, reduce operating costs, and improve
their company's bottom line. Corporate America has finally awakened to
the value of international logistics, something well-known in Europe for
centuries. For logistics professionals, this new awakening has created
added pressure to:
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Reduce replenishment cycle times and inventory carrying costs
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Outsource low value-added activities
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Reduce transportation costs by consolidating service providers
and better leveraging volumes
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Provide a more flexible portfolio of services tailored to
a wide range of products
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Provide immediate logistics support in new or emerging markets
For many logistics professionals, shrinking staffs and diminishing
budgets make meeting these challenges difficult. Consultants are there
to help - but whom do you call? What services do they offer? How do you
select the best forwarder for your needs? And how are forwarders themselves
likely to evolve in the future?
Who Are the Leading International Freight Forwarders?
A freight forwarder, at the most basic level, arranges to
move goods from point A to point B. As an industry, freight forwarding
traces its roots back to Napoleonic Europe. The industry was developed
in Europe to facilitate trade between the various European countries(pre-1992
of course) and overseas. The major European freight forwarding companies
slowly expanded to North America, Asia and Latin America, first through
the use of agents and eventually opening their own offices. European forwarders
called the shots until quite recently, when U.S.-based firms began leading
the way towards the kinds of changes seen in the industry today.
The advantages of a global sourcing partnership through
Global Markets Limited can apply equally to supplier and purchaser, there
are substantial opportunities for both parties to work together to fuel
mutual growth and prosperity. But ultimate success requires managers on
both sides of the sourcing equation to take a true supply chain perspective.
For further information, contact Global Markets
Limited
CONTACT RAMESH C MANGHIRMALANI
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