supply chain performance Archives - GlobalTranz https://www.globaltranz.com/resources/supply-chain-performance/ Freight driven by technology Fri, 12 Jan 2024 17:16:31 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.1 https://www.globaltranz.com/wp-content/uploads/sites/2/cropped-gtz-favicon-32x32.png supply chain performance Archives - GlobalTranz https://www.globaltranz.com/resources/supply-chain-performance/ 32 32 The State of the Shipping Industry: 7 Trends We Are Watching in 2024 https://www.globaltranz.com/resource-hub/state-of-the-shipping-industry-2024/ https://www.globaltranz.com/resource-hub/state-of-the-shipping-industry-2024/#respond Wed, 10 Jan 2024 19:06:20 +0000 https://www.globaltranz.com/?p=22508 Were you impacted by the shipping turbulence of 2023? It's likely you were since a massive freight recession and soft consumer demand sent the shipping industry into a tailspin. How […]

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Were you impacted by the shipping turbulence of 2023? It's likely you were since a massive freight recession and soft consumer demand sent the shipping industry into a tailspin.

How To Navigate the Shipping Industry in 2024

Despite the adversity we are seeing, shippers like you have an opportunity to optimize your shipping operations for cost savings and efficiency. Don't know where to start? WWEX Group is here to help. Download our "State of the Shipping Industry Report: 7 Trends To Watch for in 2024" to get a peek at the topics that will shape the shipping industry this year. Here, we discuss important trends including:

  • The freight recession
  • Sustainable shipping
  • Optimizing your freight shipping
  • Supply chain resiliency

We also provide tips on how to leverage tools and resources to expertly navigate 2024 for increased profitability and operational efficiency. Additionally, we tell you what to look for in a shipping partner and how a 3PL can ensure your success in the coming year.

Lean On WWEX Group and GlobalTranz for a Prosperous and Profitable 2024

As a leading third-party logistics (3PL) provider, WWEX Group takes the growing pains out of growth by partnering with businesses that need shipping solutions — whether it's parcel, freight or end-to-end logistics management.

As the parent company of GlobalTranz, we provide a nearly unmatched combination of adept talent, shipping industry relationships and a far-reaching distribution model. With a unified mindset and a single infrastructure, we're redefining the standard for service and turning logistics into a growth opportunity — instead of a roadblock — for businesses of all sizes.

Download our "State of the Shipping Industry Report: 7 Trends To Watch for in 2024" to get ahead this year. If you are ready to speak to an expert, contact GlobalTranz for a free consultation today!

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Supply Chain Trends in Technology and Data Analysis https://www.globaltranz.com/resource-hub/supply-chain-management-trends/ https://www.globaltranz.com/resource-hub/supply-chain-management-trends/#respond Wed, 28 Jun 2023 22:11:21 +0000 https://www.globaltranz.com/?p=22077 To stay ahead and remain competitive in a crowded marketplace, shippers need to do everything possible to streamline operations and stay profitable. This includes understanding the latest supply chain management […]

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To stay ahead and remain competitive in a crowded marketplace, shippers need to do everything possible to streamline operations and stay profitable. This includes understanding the latest supply chain management trends so your products go from sourcing to delivery with ease.

Today, two of the most significant of these supply chain trends encompass technology advancements and data utilization. These resources can help shippers make informed decisions in real time, allowing them to maintain a high level of customer satisfaction and operational efficiency while navigating supply chain disruption.

Upgrade Your Supply Chain Performance With Technology and Data

GlobalTranz is a leading third-party logistics (3PL) provider with decades of experience providing supply chain management services to shippers across the country. We also provide valuable resources, like this e-guide where we outline five major technology and supply chain trends that you should know about. Topics we discuss include:

  • How technological advancements are creating more efficient logistics operations.
  • Why data integrity is important in making informed shipping decisions.
  • How cyberattacks are impacting the shipping industry and what you can do.
  • Why companies must adapt to disruptions caused by climate change.
  • What shippers can do to incorporate sustainability into their shipping operations.

GlobalTranz Can Help You Create a Supply Chain Management Plan

Staying current on advances in technology and data can be difficult for busy shippers who are struggling to meet deadlines and keep customers happy. That’s where 3PL providers like GlobalTranz can help. We work with thousands of companies across the country, building out shipping logistics strategies that are based on the latest supply chain management trends and technologies.

Download our Supply Chain Trends E-guide today to learn more. If you are ready to learn how GlobalTranz can improve you supply chain processes and want to speak to one of our shipping logistics experts, reach out for a free consultation.

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Level Up with Supply Chain Consulting and Engineering https://www.globaltranz.com/resource-hub/supply-chain-engineering/ https://www.globaltranz.com/resource-hub/supply-chain-engineering/#respond Tue, 20 Jun 2023 15:42:45 +0000 https://www.globaltranz.com/?p=22063 Businesses looking to improve the performance of their supply chain may choose to outsource their transportation management to a trusted third-party logistics (3PL) provider. But when doing so, it is […]

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Businesses looking to improve the performance of their supply chain may choose to outsource their transportation management to a trusted third-party logistics (3PL) provider. But when doing so, it is vital to select a trusted provider who offers quality supply chain consulting and engineering services.

A supply chain engineer works alongside your company to drive continuous improvement. Their holistic solutions involve a deep dive into analytics, processes, technology and more to create a fully optimized supply chain. In this article you 'll learn more about this partnership and how your company can level up with managed transportation solutions from the supply chain engineering experts at GlobalTranz.

What is supply chain engineering?

Supply chain engineering involves the planning, implementation and management of effective supply chains. These solutions typically require market research, operations management and proper technology usage to gain efficiencies. A supply chain engineer may also work as a supply chain consultant who works to identify and resolve issues or challenges within an organization to help strengthen the company 's processes.

Benefits of Supply Chain Consulting

There are many potential benefits resulting from a supply chain consult. This added value is achieved through on-site process mapping and observation, current state needs and spend analysis, the support and tailored service offerings of a trusted 3PL, and a roadmap for implementation and performance tracking. Your supply chain engineer should also provide:

Experience Analyzing Advanced Data Points

While you know your business better than anyone, data can be tricky - especially when your supply chain has not been properly optimized. An experienced supply chain consultant will understand how to interpret data points that you may have overlooked, or undervalued, allowing you to focus on the bigger picture.

Unique Solutions with an External Perspective

A supply chain engineer is typically brought in as a consultant rather than being a full-time employee. That means that they know statistics and details about the market that may not be readily available to your internal employees. Plus, these external experts are likely to bring in logical, impartial solutions to best benefit your business.

Implementation and Maintenance Support

Not only will a supply chain engineer help you craft an ideal solution, they will walk you through their strategy before helping you implement and maintain it.  Then, they will provide follow-up analytics reviews and consultations to keep your business running smoothly.

How Supply Chain Engineers Improve Logistics Performance

Supply chain engineers are vital to efficiently and successfully enhancing logistics performance. They implement strategic measures and optimize the movement of goods throughout the supply chain by employing various techniques including process mapping, inventory optimization and more. By leveraging technology, data analytics and industry best practices, these engineers can effectively identify areas of improvement and streamline logistics operations. When seeking a consultant to help you improve order accuracy, reduce lead times, minimize transportation costs and enhance overall operational efficiency, make sure to look for a consultant who will:

Conduct a detailed supply chain assessment.

An effective engineer should initiate your supply chain consultation by conducting a comprehensive assessment of your existing processes. They will meticulously analyze each detail of your supply chain — procurement processes, packaging, systems integration, freight costs and more — to establish key performance indicators (KPIs) for your business. These KPIs will help you and your consultant gauge achievements and identify specific areas that need improvement to achieve continuous transportation optimization.

Create a custom supply chain solution to maximize productivity and stability.

After collecting adequate data during the initial audit of your supply chain processes, your consultant will then analyze the data to develop a comprehensive action plan aligned with your specific business goals and requirements. At this stage, your supply chain engineer may also engage with stakeholders, buyers and competitors to ensure their perspectives are incorporated and to find the best possible solution for your unique business ecosystem. This collaboration not only enhances the resilience of your supply chain, but also equips it to better overcome unforseen challenges that may arise.

Implement and manage the supply chain strategy.

After they finalize your new strategy, your supply chain engineer will begin the implementation process. They will proactively conduct follow-up consulting sessions to ensure the strategy remains effective, continuously tracking and reanalyzing data to identify any potential issues that may arise throughout your partnership. These collaborative sessions will serve to keep you up to speed on all aspects of your supply chain process, allowing you to deal with the latest developments effectively and in a timely manner. By maintaining this open line of communication, your supply chain engineer will enable you to make informed decisions and adapt to ever-changing market dynamics effectively.

What to Look for in a Supply Chain Consultant

Outsourcing managed transportation to 3PL experts enables businesses to focus on their core competencies while creating a competitive edge with optimum supply chain performance. When searching for a supply chain management consulting partner for your business, it is important to consider several questions:

  • How much experience does your transportation manager have?
  • Do they provide a variety of solutions to help with each specific area of your supply chain?
  • Do they have access to innovative technologies and software to inform their research on your business analytics?

Before bringing on a supply chain consultant, it is vital to ensure that they have the expertise and resources available to truly maximize your supply chain process.

Access Top Supply Chain Management Consulting from GlobalTranz

When looking to improve your supply chain visibility and resiliency, it's important to find a supply chain consulting company that you can trust. GlobalTranz provides top shipping and logistics solutions for businesses across the nation, resulting in maximized supply chains and cost savings. From procurement to pickup and beyond, our GlobalTranz supply chain experts have all the know-how, technology and resources you need to make your business better than ever.

Ready to get started? Our GlobalTranz managed transportation experts are ready to jump in and transform your supply chain. Reach out today for a consultation.

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How To Handle Supply Chain Disruptions with Organizational Resilience https://www.globaltranz.com/resource-hub/supply-chain-resilience/ Fri, 05 May 2023 13:00:32 +0000 https://www.globaltranz.com/?p=16350 Developing a strategy to overcome supply chain disruption can be difficult. With so many complexities and ever-changing external factors, anticipating the unexpected can feel nearly impossible. But by building up […]

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Developing a strategy to overcome supply chain disruption can be difficult. With so many complexities and ever-changing external factors, anticipating the unexpected can feel nearly impossible. But by building up your organization's supply chain resilience and strategy, you can better position your business for long-term success.

To help you get started, we'll walk you through the basics of organizational and supply chain resilience and teach you how to handle supply chain disruptions as they occur.

What is supply chain resilience?

Supply chain resilience refers to how effectively and efficiently a specific supply chain can adapt to and overcome external disrupting factors, such as inclement weather or sudden trade embargoes. Since disruption — in one form or another — is inevitable, it's important for businesses of all sizes to develop a strong supply chain strategy that can better handle supply chain disruptions down the line.

What factors cause supply chain disruptions?

There are many factors that can potentially play into supply chain disruption. These include:

  • Weather (sudden inclement weather, natural catastrophes)
  • Trade disputes, tariffs and embargoes
  • Cyber threats and attacks
  • Capacity constraints
  • Transportation delays
  • Pricing and sourcing issues

Luckily, there are ways to prepare your business for these potential disruptors, optimize your supply chain and gain end-to-end visibility.

How to Handle Supply Chain Disruptions

The degree to which your supply chain reacts to and recovers from disruption is directly correlated to how well your organization anticipates these challenges and maintains operational continuity. If your current strategy seems inadequate to handle supply chain disruptions, consider these tried-and-true tips to maximize your supply chain strategy and keep moving forward!

Buffer your inventory and avoid JIT solutions.

Just-in-time (JIT) solutions allow businesses to keep a minimum amount of inventory while maximizing profits, but they can cause some serious damage should disruption come knocking. If you run into issues sourcing materials, it may become difficult or near impossible to fulfill JIT orders, so make sure to buffer your inventory and keep some stock ready to ship out in the event of a supply shortage.

Don't have the warehouse space available to store extra inventory? GlobalTranz offers warehouse management solutions — plus, distribution and fulfillment services — to help your company thrive.

Stay agile by using a TMS for supply chain optimization.

Many companies operate utilizing data that may be several days old, and during a crisis, the situation can shift drastically in that time. Pricing, truck space and the availability of materials can change rapidly, but by utilizing a transportation management system (TMS), like GlobalTranz TMS, you can access up-to-date data and react in real-time to ensure business agility when it matters most.

Work with a variety of customers and suppliers to increase your resilience.

Over the past few years, it has become clearer to businesses around the world that customer and supplier diversification is crucial in times of market disruption. The vast majority of potential supply chain disruptions are geographically confined, so diversifying your market and network allows you to continue operating should something compromise part of your process. And as technology continues to advance, expanding your global outreach has become easier than ever.

Improve your organizational resilience to support your supply chain strategy.

For your supply chain to remain agile in times of disruption, your company must first be able to detect, resist and recover from disruption, regardless of its source. The best way to build organizational resilience and achieve supply chain optimization is to build a cohesive and comprehensive supply chain strategy by curating the people, processes and technology you need to stay ahead of the curve. Of course, higher levels of efficiency do cost more, so you'll have to decide on a budget appropriate for your strategy.

Work with a supply chain expert or trusted 3PL partner to maximize your efforts.

When disruptions happen — and they will — a strategic partner can be with you every step of the way. Working with a supply chain expert or trusted third-party logistics (3PL) partner provides industry insight and solutions you may not have had access to alone. In addition, a 3PL can provide you with a pre-qualified list of carriers, connect you with reputable suppliers around the globe and help you access and utilize real-time data to recognize and respond to disruptions as they pop up.

Optimize Your Shipping Strategy with Supply Chain Experts from GlobalTranz

What worked in the past might not be what works today, though there are lessons to be learned from the history of supply chain. Our team of experts have extensive experience to analyze your operations, identify opportunities to save money and maximize efficiencies.

The role of a 3PL in supply chain management is to help shippers like you create and curate the best possible solutions to meet their unique business needs, while also helping you monitor and respond to market changes. That's why GlobalTranz offers a full suite of solutions to help you build, manage and protect your business. From supply chain optimization to managed transportation services and more, our supply chain experts are ready to help your business grow and thrive.

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