Inside World Trade

Boosting Your Bottom Line

Global trade is a many splendored thing, but in the end it boils down to one thing: the bottom line. Through careful and thoughtful management of your company’s supply chain, you can boost your profits while minimizing risk.

This issue of WT100 outlines many ways in which you can achieve this result.

New trade finance products and services are perhaps the most basic way to boost your bottom line. The products featured in Gail Dutton’s article  will help your company stay competitive on a global basis by increasing your market share and market penetration.

Our cover story discusses ways to boost your ROI from your 3PL. Put your 3PL to work for you in a strategic way, and this will ultimately positively affect your bottom line.

By treating your 3PL as a partner, being specific about your needs, and being open to changes in the partnership as new needs and solutions arise, your company will see positive effects in your supply chain, although perhaps not where you expect.

Managing your fleet and knowing where your products are in transit at all times can also benefit your bottom line. New fleet management solutions enable any company to see exactly where their shipments are in real time. These solutions help shippers and carriers save time and money, which can only benefit their bottom lines.

Sustainability is another way in which a company can save money. Some sustainable initiatives generate cost savings and operational efficiencies, which boost your bottom line. Joel Anderson explains to us what the International Warehouse Logistics Association (IWLA) is doing to promote sustainability in U.S. warehouses.

Investing in regions that are ripe for global trade is an obvious way to boost your bottom line.

In the U.S., for example, port locations on the U.S. Gulf coast will be hotter than ever after the Panama Canal expansion is complete in 2014. This increased port activity will bring additional economic development to the regions and states in which they are located. Additionally, those ports will bring cost savings to manufacturers importing and exporting from them.

Internationally, the BRIC countries (Brazil, Russia, India, and China) continue to be good locations for U.S. companies looking for long-term growth. Click here to see just how hot the BRICs are.

Whether investing in new regions, applying new financial products, or trying out new partnerships, the bottom line remains: by working strategically in myriad ways, you can increase profits and minimize risk throughout your supply chain.

You must register or login in order to post comments.

Multimedia

Videos

Image Galleries

Extreme Logistics

Extreme Logistics profiles the various ways that specialized cargo is transported around the world under demanding time, temperature, and handling requirements.

Podcasts

The Growth of Canadian e-Commerce and Logistics to Canada

The growth of Canadian e-commerce and logistics to Canada is on the rise with online Canadian purchases from U.S. retailers expected to jump to $31 billion (CAD) by 2015. U.S. retailers with an e-commerce platform need to identify a solid Canadian supply chain now to maximize revenue later. Learn from the Canadian logistics experts how your business can be successful at transporting your goods across the border into Canada.

Presented by: Purolater

More Podcasts

Export Controls

Will the U.S. government's reform of Export Controls affect your business?
See Poll Results Poll Archive

WT100 STORE

world-class-warehousing.gif
World-Class Warehousing and Material Handling, 1st Edition

Filled with proven operational solutions, it will guide managers as they develop a warehouse master plan, one designed to minimize the effects of supply chain inefficiencies as it improves logistics accuracy and inventory management - and reduces overall warehousing expense.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

Smoother Moves Calculator

Pacer Smoother Moves CalculatorPacer has designed a unique and easy-to-use tool to help you determine the potential dollar savings and carbon emission reductions generated by using Pacer intermodal services versus trucking.

STAY CONNECTED

Facebook Twitter You Tube