Filed in Amber Road
Tuesday, February 07, 2012
Managing international freight shipping operations presents a set of challenges that potentially expose shippers to risky and costly misfortunes.
Manufacturers can spend 50% or more of revenue on purchasing parts. So, it is not surprising that sourcing from low cost countries to improve competitiveness has been such an important business strategy in the past ten years.
US corporations import nearly $2 trillion worth of products from more than 150 countries, a number that is expected to triple by 2015, according to US Customs and Border Protection (CBP).
The drive to capture the business benefits of low cost country sourcing has far out-paced the processes and systems needed to efficiently manage the global supply chain. A recent survey by Aberdeen identified that higher than expected transportation expenses was the primary factor in landed cost budget variances.
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