Logistics at Risk! Charter, Outsource, or Vertically Integrate?

Historically most companies have relied on third party companies to handle most every aspect of their logistics. Whether that be ocean going vessels, long distance trucking, or last mile delivery, there are a lot of specialty companies offering these services.

But the Coronavirus pandemic has upended many of the paradigms that we have considered normal. Supply Chain continuity of supply issues persist and this includes constraints and delays related to logistics capacity and delivery integrity.

The result is that more and more companies are taking matters into their own hands. Instead of relying solely on logistics companies they are taking steps to charter their own ocean going vessels.

While these may be short term measures it does raise the strategic question as to whether companies should in-source their logistics and continue to charter ships.

Continue reading “Logistics at Risk! Charter, Outsource, or Vertically Integrate?”

Thriving Globally: Essential Strategies for Expanding Your B2B Marketplace Presence!

The business-to-business (B2B) sector serves as a cornerstone for economies worldwide, facilitating the exchange of goods and services between companies.

In today’s market, B2B entities’ ability to expand their operations on a global scale has become key for maintaining a competitive advantage and fostering long-term growth.

With the advent of digitalization, geographical boundaries are increasingly blurred, making the international B2B marketplace bustling and dynamic.

It is essential to recognize the importance of global expansion strategies in B2B markets for businesses looking to capitalize on emerging opportunities and drive success. 

Continue reading “Thriving Globally: Essential Strategies for Expanding Your B2B Marketplace Presence!”

The 2 Main Reasons Why Future Supply Chain Progress or Improvements Will Fail!

Having come through the Coronavirus pandemic, most people will have felt the impact of Supply Chain failures.

For consumers they will have seen empty store shelves and either an inability to get goods or at a minimum delays in getting deliveries. For employees, at a minimum they will have experienced stressful working conditions to resolve issues, and at its worst they will have lost their jobs or even seen their companies fail.

All of this implies that making improvements and Supply Chain progress is necessary and eventual. However there are 2 pivotal factors that will almost certainly lead to the failure of organizations to improve their Supply Chains in any respect.

Continue reading “The 2 Main Reasons Why Future Supply Chain Progress or Improvements Will Fail!”

Future ECommerce Focus Areas for Supply Chain!

The backbone of Retail and ECommerce is Supply Chain. Without Supply Chain they cease to function. Goods don’t move to channels and customers have nothing to buy. It is that simple!

Not only is Supply Chain necessary to make Retail and ECommerce run, but Supply Chain is now a source of customer delightedness and competitive differentiation. Just think of same day delivery … that capability is entirely possible due to Supply Chain.

As such Supply Chain is not just a necessary function but a strategic weapon. Here are our thoughts on future ECommerce focus areas and considerations for the effective management of Supply Chain.

Continue reading “Future ECommerce Focus Areas for Supply Chain!”

How Contract Manufacturers Bolster Supply Chain Resilience!

The supply chain world is complex, volatile, and ever-changing. Resilience, therefore, is not a luxury but a necessity for companies that aim to navigate disruptions and ensure business continuity. But how does one build a resilient supply chain? One strategic move is turning to contract manufacturers.  

This article explores how contract manufacturers can significantly bolster supply chain resilience. 

Continue reading “How Contract Manufacturers Bolster Supply Chain Resilience!”

9 Small Business Marketing Ideas to Scale Your Marketing!

As with the power of social media and the internet, no business is small, and nothing is impossible. You just have the willpower to be able to succeed and actualize your small business marketing ideas.

You know the golden rule in marketing is that you promote your product or services where there is lots of attention. And social media has grabbed people’s attention, so the biggest advantage that you are having is that people are already on social media and you just have to put out the content regarding your brand so that people can know you and your services and products.

In this article we collected tips for small business marketing ideas that you can use to scale your business.

Continue reading “9 Small Business Marketing Ideas to Scale Your Marketing!”

Adapting to Market Changes: How Business Consulting in Dubai Helps You Stay Ahead!

In today’s rapidly evolving business landscape, staying ahead of the curve is essential for any organization’s success. This is where the expertise of business consulting in Dubai becomes invaluable.

By partnering with a reputable consulting firm, businesses in the emirate can unlock a range of benefits that can propel them towards sustained growth and profitability.

One of the primary advantages of business consulting in Dubai is the ability to navigate the complex regulatory environment. The city’s status as a global financial hub means that businesses must navigate a web of ever-changing rules and regulations.

A skilled consulting team can help organizations ensure compliance, mitigate risks, and identify opportunities for optimization within the legal framework.

Continue reading “Adapting to Market Changes: How Business Consulting in Dubai Helps You Stay Ahead!”

What is Supplier Relationship Management (SRM)?

Regardless of what industry your company is in you are dependent on suppliers to operate your company. Thus it makes sense to have a Supplier Relationship Management program.

Suppliers provide components for products you manufacture and sell. Suppliers provide services for products or services you take to market. Suppliers move your goods from one point to another. And suppliers provide the goods, supplies, software and other items required by every function in your company to conduct day to day business.

Without suppliers no company could survive, let alone thrive.

Yet historically too many people have treated suppliers transactionally with no to little regard for fostering mutually beneficial relationships.

Going forward it will no longer be sufficient to just have passive supplier relationships. Companies must have a formal, strategic Supplier Relationship Management (SRM) program!

Continue reading “What is Supplier Relationship Management (SRM)?”

5 Strategies for a Successful Merger or Acquisition!

When two companies decide to combine their talent and resources in order to engage in larger markets, you will often find that a merger is on the table. If you’re looking at a future where your company will be a part of a merger or acquisition, then you might worry about how to navigate the process.

Read on to learn about the five strategies you can use for a successful merger or acquisition.

Continue reading “5 Strategies for a Successful Merger or Acquisition!”