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The 10 Keys to Global Logistics Excellence
Supply Chain Thought Leadership Series
The 10 Keys to Global Logistics Excellence
Research Sponsored by:
i
The 10 Keys to Global Logistics Excellence
Table of Contents
Global Supply Chain – You Better Be Good…………… Time and Distance……………………………..……………… Where Do the Lost Savings Go? …………………………. The 10 Capabilities of Global Logistics Leaders…….. Lack of Global Technology Enablement …..………….. Summary………………………….................................... Sponsor Perspective …………………………………………. About Supply Chain Digest……………………………...... Global Logistics Capability Diagnostic………………… . End Notes ……………………………………………………….. 1 2 3 5 13 14 16 17 18 25
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The 10 Keys to Global Logistics Excellence
The Global Supply Chain – You Better be Good
Globalization of the world economy and our supply chains has advanced at an almost unbelievable speed. Growth in world trade, and corresponding cargo container movements, continues to substantially exceed overall economic growth, meaning that trade volumes are doubling every 5-7 years. Being part of this global economy is high on the priority list of most companies today, whether it is to capitalize on global sourcing opportunities to reduce costs and assets, take advantage of private labeling strategies, or tap into the surging business and consumer markets of China, India and other developing markets. Yes, The World is Flat, as Thomas Friedman of the New York Times wrote in his best selling book. What Friedman called “supply chaining” is fundamental to this leveling effect, as barriers to trade and interdependence are reduced across the globe. Supply chain managers are caught in the middle, with a changing decision environment and a lack of clear information to help guide the decision process. What this says very simply is that for most product-based companies today, excellence at the global supply chain won’t be just a desirable goal; it will in fact become a fundamental
Supply Chain Thought Leadership Series
The 10 Keys to Global Logistics Excellence
Research Sponsored by:
i
The 10 Keys to Global Logistics Excellence
Table of Contents
Global Supply Chain – You Better Be Good…………… Time and Distance……………………………..……………… Where Do the Lost Savings Go? …………………………. The 10 Capabilities of Global Logistics Leaders…….. Lack of Global Technology Enablement …..………….. Summary………………………….................................... Sponsor Perspective …………………………………………. About Supply Chain Digest……………………………...... Global Logistics Capability Diagnostic………………… . End Notes ……………………………………………………….. 1 2 3 5 13 14 16 17 18 25
ii
The 10 Keys to Global Logistics Excellence
The Global Supply Chain – You Better be Good
Globalization of the world economy and our supply chains has advanced at an almost unbelievable speed. Growth in world trade, and corresponding cargo container movements, continues to substantially exceed overall economic growth, meaning that trade volumes are doubling every 5-7 years. Being part of this global economy is high on the priority list of most companies today, whether it is to capitalize on global sourcing opportunities to reduce costs and assets, take advantage of private labeling strategies, or tap into the surging business and consumer markets of China, India and other developing markets. Yes, The World is Flat, as Thomas Friedman of the New York Times wrote in his best selling book. What Friedman called “supply chaining” is fundamental to this leveling effect, as barriers to trade and interdependence are reduced across the globe. Supply chain managers are caught in the middle, with a changing decision environment and a lack of clear information to help guide the decision process. What this says very simply is that for most product-based companies today, excellence at the global supply chain won’t be just a desirable goal; it will in fact become a fundamental