A new reform-minded government, a stable economy and sound infrastructure are among the factors combining to make Mexico a good market for logistics operations, says Eric Markeset, who is based in Mexico City as principal of consulting firm Tsol.
As merged channels (also known as omnichannel) become the default for an increasing number of retailers, the challenge of efficiently handling the supply chain and managing inventory becomes exponentially more complex.
U.S. imports in July are the highest volume seen in one month since July of 2007. The United States brought in more than 1.69 million twenty-foot containers in July, which is 13 percent higher than last month's volume and 2 percent higher than July of last year.
Li & Fung - the most important company that most American shoppers have never heard of - has long been on the cutting edge of globalization, chasing cheap labor to garment factories first in China, then elsewhere in Asia, including Bangladesh. Now, with sweatshop disasters there drawing international scrutiny, the business is looking for the next best place - perhaps South America or sub-Saharan Africa - where it can steer apparel buyers seeking workers to stitch clothing together for a few dollars a day.
Third-party logistics will not become a commoditized service as long as providers continue to add value and differentiate their product offerings, says Greg Spudic, vice president of marketing and sales at Dimerco Express.
While most executives recognize the importance of supply chain sustainability, cost is still a major factor and trumps environmental impact as a driver of behavior, according to a survey of 150 C-level and senior leaders at U.S. and European companies, according to AlixPartners, a global business-advisory firm. However, those that can implement cost-effective sustainability strategies and effectively market them to customers will have a competitive advantage.
Small to medium-sized shippers have a low adoption rate for transportation management systems because traditional systems cost too much and are not geared to the specific needs of smaller businesses, says J.P. Wiggins, vice president of logistics at 3Gtms.
Deutsche Bank has rolled out the Financial Supply Chain Manager with multi-currency and multilingual capabilities that enable clients to access receivables finance and supplier finance solutions via a central access point.