18th Annual Third Party Logistics Study a Hit at CSCMP
October 28, 2013 - SCMR Editorial
Capgemini Consulting unveiled the findings of its 18th Annual Third Party Logistics study in collaboration with Penske, Penn State University and Korn/Ferry International at CSCMP’s annual global conference last week.
“Big Data” was among the subjects addressed. Here are few more key takeaways:
• Global Marketplace Creates Chance to Collaborate across Borders: An increasingly global marketplace is forcing shippers to re-evaluate their supply chain strategies to meet demand. Shippers continue to recognize the important role 3PLs play in this normal, as nearly all shipper respondents (91%) regard their relationships with 3PLs as important or strategic.
• Global Trade Management: While the growing emphasis on GTM has opened the door for 3PLs to provide shippers with new paths for growth, sourcing and distribution across borders, shippers still take a tactical rather than a strategic approach that drives a competitive differentiation, relying on traditional departments namely logistics (23%), compliance (13%) and procurement (12%) to lead the change, while other necessary departments often lack a seat at the table. Shippers must also cope with an increasing number of preferential trade agreements, which now number almost 300.
•The Risk & Reward of Doing Business in Africa: With an increase in global trade and cross-border operations, many international firms are looking towards Africa as a growth market. However, challenges remains due to high logistics costs and cumbersome clearance of goods at ports, presenting an opportunity for logistics processes to become more standardized.
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