Retailers and manufacturers are increasing their supply chain complexity, while at the same time focusing on reducing procurement, transportation, and logistics costs.
According to a recent supply chain survey conducted by IDC, 58% of consumer products manufacturers and 65% of high-tech companies outsourced some portion of their products, and this percentage is expected to increase as companies expand into new countries. Other recent studies cite regulatory compliance to be the top global supply chain concern, and navigating country regulations as a top barrier to global expansion.To help with effective distribution in an expanding number of regional markets, retailers as well as manufacturers increasingly rely on third party logistics (3PL) providers to handle international transport of their products. This strategy enables companies to both reduce distribution costs and mitigate risk of damage or spoilage, and thereby contribute to their primary business objectives.
This eBook provides a list of key areas to monitor for supplier compliance, and the hidden financial impacts of non-compliance on your transportation and logistics costs. It also suggests solutions you can implement to increase supplier compliance and your supply chain´s resiliency, thereby decreasing a host of costs associated with disruptions.