Subscribe to our free, weekly email newsletter!


Managing Global Trade

Rising importance but lagging execution

November 04, 2013

Research conducted in April 2013 by SCM World on managing global manufacturing footprints highlighted the growing complexity of cross-border trade. Where globalization once meant low-cost country sourcing, today it is clear that goods must move in all directions at once – east to west, north to south, rich country to poor country and back again. Movement of product, whether as raw material input, finished goods or capital equipment, requires an approach to global trade management that is ever vigilant to regulations, taxes, transportation costs and more – and one that is equally capable of facilitating inbound supply and outbound delivery to end customer markets.

To understand the business drivers and execution challenges associated with this increasingly important and complex area, we fielded a survey to the SCM World community. Having collected 114 complete responses and then conducted a further 10 in-depth interviews, we arrived at some broad conclusions that suggest global trade management has begun to outgrow most companies’ largely manual processes.

The highlights of our findings include:

  • Three-quarters of the companies surveyed conduct trade across more than 10 countries, with almost half
    (48%) trading across more than 50 countries.

  • Over 41% of the companies surveyed import more than half of their products from international suppliers.
  • More than 97% of respondents say that product cost savings are either “important” or “very important” business
    drivers of international sourcing.


Download this paper:
Managing Global Trade
Sponsored by:

* Indicates a required field
*Email:
*First Name:
*Last Name:
*Title:
*Company:
*Country:
*Address 1:
Address 2:
*City:
*State:
Province/Region:
*Zip/Postal Code:
*Phone Number:
Save my data on this computer (do not use on public/shared computers)

Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

In the third-party logistics (3PL) sector, the ongoing trend of merger and acquisition (M&A) activity never seems to take a break. That is apparent in recent weeks alone, with XPO Logistics recent acquisition of Norbert Dentressangle for $3.53 billion, Echo Global Logistics scooping up Command Transportation for $420 million, and Kuehne+Nagel buying ReTrans for an undisclosed sum.

During this webcast attendees will learn about technology that is delivering real-time tracking on freight and putting an end to the all too common question of “Where’s My Brokered Load?”. Whether you’re a broker, 3PL, shipper, or carrier, find out how you can gain automated, TMS-integrated visibility on all your shipments.

FedEx recently took another step in its plans to acquire Netherlands-based TNT-NV and a provider of mail and courier services and the fourth largest global parcel operator for $4.8 billion, which it announced in early April. The company said it has “submitted the required filing to the European Commission to obtain regulatory clearance in connection with the intended recommended public cash offer all issued and outstanding ordinary shares in the capital of TNT Express.”

The American Trucking Associations last week praised Senator Deb Fischer (R-Neb.) for her bill that takes some positive steps towards alleviating the current environment regarding the truck driver shortage.

Global third-party logistics (3PL) services provider Kuehne+Nagel (KN) said this week it has entered into an agreement to acquire ReTrans Inc., a Memphis-based provider of multimodal transportation services.

Article Topics

Whitepaper · Global Trade · Amber Road · All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA