Managing Global Trade

Rising importance but lagging execution

By · November 4, 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.


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!

Article Topics

Amber Road · Global Trade · All Topics
Latest Whitepaper
The Internet of Things and the Modern Supply Chain
Learn today how the internet of things is transforming supply chain operations.
Download Today!
From the February 2017 Issue
As the new administration sends waves of uncertainly through the global trade community, this could be the best time ever for shippers to build an investment case for GTM. Here are five trends you need to watch if you’re about to put these savvy systems to work
Carrier Consolidation Keeps Shippers Guessing
Getting Value from the Cloud
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
Advance your career with the fastest growing logistics certification – APICS CLTD
During this webcast presenters will give an overview of APICS and the new Certified in Logistics, Transportation and Distribution (CLTD) designation. Learn how the CLTD program can help you stay on top of current trends and advance your career.
Register Today!
EDITORS' PICKS
ASEAN Logistics: Building Collectively
While most of the world withdraws inward, Southeast Asia is practicing effective cooperation between...
2017 Rate Outlook: Will the pieces fall into place?
Trade and transport analysts see a turnaround in last year’s negative market outlook, but as...

Logistics Management’s Top Logistics News Stories 2016
From mergers and acquisitions to regulation changes, Logistics Management has compiled the most...
Making the TMS Decision: Ariens Finds Just the Right Fit
The third time is the charm for this U.S. manufacturer on the hunt for a third-party logistics (3PL)...