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Partnering with a 3PL, like Edas Global Supply Chain Limited helps you build relationships with experts in your industry, reduce logistics costs, improve customer service, and eliminate manual services. Outsourcing on these specific tasks throughout your supply chain can help your manufacturing business increase productivity and focus on what matters most; your core business processes. Reach out to Edas Global Supply Chain Limited via info@edasglobalsupplychain.com |
There are several challenges facing the manufacturing industry which includes but not limited to laws and regulations which are always fluctuating. In manufacturing, logistics efficiency is used to describe the elimination of cost-inducing processes and operations, which may span across an entire organization. Since the global sales market shows no signs of slowing, especially in e-commerce and omnichannel sales’ channels, the need for more shipments will only grow. If this concern is combined with increasing regulations, costs for transportation providers, the driver shortage, and growing scrutiny in both the forward and reverse logistics processes, it is easy to see how making today’s processes more efficient will help address each of these factors and concerns. Inventory management is also a major challenge and needs to be advanced as it can get. There are trusted ways you can move these obstacles away from your direct responsibility. 1. Hire a Third Party Logistics(3PL) provider: The manufacturer incurs the cost of obtaining the raw materials, hiring workers to produce and product, verifying the product meets quality guidelines, love the product into storage bins, picks the product when ordered, verifies the product is accurate with the customer’s order, double-check schedules, reviews weather trims for the given route, identifies what mode of transportation will be best suited for this route, figures out if the consumer will be available to accept delivery of the shipment, and payment for the order, and then replace the entire process in reverse for bringing the driver back to the distribution center. Partnering with a 3PL to take care of your supply chain needs can lift weight off your shoulders. There are many moving parts in the manufacturing supply chain and each part is very specific. Choosing to outsource tasks will benefit your company in the long run. With the help of a 3PL, you’ll be able to focus more on getting your product on shelves rather than the logistic components. Customers tend to get frustrated when the product they want is out of stock. To help with this scarcity problem, a 3PL works diligently to procure your goods quickly. Delivering freight for the manufacturing industry requires strong communication. A 3PL will keep in contact with you throughout your freight’s journey to its destination and even after its been delivered. They also maintain strong communication with the carrier to ensure your freight is delivered carefully. 2. Monitor and reduce Operating costs: Manufacturers need to stay on track with their expenses in order to be successful. Hiring and training skilled workers is necessary for strong business operations. You can also reduce your transportation spend. 3PLs can secure favorable rates in transportation because of the strong relationships built with their vetted carriers. They can negotiate shipping rates based on your freight’s volume in order to help your company save money, offer you a cheaper mode to use, and eliminate the time you would spend searching for optimal rates. No one wants to accrue unnecessary expenses in their business. As a company in the manufacturing industry, you should look into a reliable 3PL that can help cut down on additional spending so that you can focus on your core operations and getting your product to the customer. 3. Improve Quality and Customer Service Edas Global Supply Chain Limited treat your freight like it’s our own. Whatever your company needs, we will offer the flexibility needed to get the job done. We understand there is a sense of urgency when transporting freight in the manufacturing industry. A 3PL with an experienced and expansive carrier network is able to provide the very best service and carrier to move your freight. A carrier that is knowledgeable in your freight will ensure that it arrives to its destination safely. Manufacturers must also assess the efficiency and effectiveness of their current operations. An effective logistics management program should seek to increase revenue, improve the cost structure of shipping processes, reduce costs in transportation management, and increase customer service and satisfaction. https://edasglobalsupplychain.com/blog/2020/12/01/how-to-improve-logistics-efficiency-in-manufacturing/ |
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If you need assistance with ecommerce deliveries, international freighting and clearing or drafting return policies, write us via info@edasglobalsupplychain.com Lalasticlala |
Product returns can be a source of major headache for online businesses. Whether you’re just starting out or been in business for years, having product returns mean time and energy spent processing additional (unexpected) packages, issuing refunds and trying to keep the process positive for the customer so that they don’t run off to one of your competitors as soon as they get their refund. Ecommerce returns are on the rise and with the holidays approaching, the number of returns will swell even more. If you’re a small retailer, you know how quickly too many ecommerce returns can eat into your profit margins. Try these tips to reduce the number of returns from online shoppers in a way that benefits both your bank account and your brand image. Making returns easy benefits your business as well as your customers, And returns don’t always mean lost sales: many shoppers end up exchanging or replacing the online purchases they return. However, making online returns difficult or expensive can hurt your customer loyalty. Here are ways that can help you reduce and manage returns effectively; 1. Write detailed product description: Aside being great for Search Engine Optimization, detailed product description help shoppers decide whether or not your product is right for them. Descriptions need to be clear on the particulars of a product, therefore it is imperative to ensure that the person writing your descriptions knows your products well Get genuine feedbacks from people who have used the product well and can highlight its value which will be put in writing. You should talk about the product in an appealing way, however don’t exaggerate as this will only come back to bite you. Specification information is a must for technical products, therefore the information must be accurate and precise without bogus languages. 2. Have a good return policy: A return policy is good business for brick-and-mortar stores, and it’s essential to doing business online. Unlike visitors to brick-and-mortar stores, online consumers don’t get to see and hold the physical product before they buy it. So e-commerce sites must ensure that their return policies are fair and appealing to their customers. A concise and clear return policy gives consumers a feeling of security; that what they are buying is guaranteed to be what it is represented to be. If a retailer doesn’t give this guarantee, then consumers often become suspicious and avoid buying the product. A definitive retail return policy can help increase sales because an overwhelming percentage of the consumer population looks for it. Consumers still see it as a guarantee that reflects the trust retailers have in the products they sell. Be specific on the return timeline. This will enable the customer to decide and act fast before the return window expires. 3. Prioritize quality: No business wants customers to be returning products because of quality issues. Such a business will not last because at a point, the customer will cease to come around. Bad products hurts the brand image too; this means it will cost additional money to repair image dents because of inferior products. 4. Incorporate high quality visuals/videos into product displays: Videos and clear images are very effective for remote selling. They are a great way of bringing products to life and can be especially effective when used for the two highest returned categories – clothing and home electronics. With clothing, models can show off the movement of the garment, giving shoppers a better idea of the fit and flow. Product photos create a picture in the mind of consumers about how the product will look when they receive it physically. It is the primary reason why customers opt for the purchase in the first place. Low pixel photographs can restrict a prospect from buying a product. Also, if there is a colour difference between the products listed on the website and when a customer receives it, the possibility of customer returns increases. So make sure to use high-resolution photos to eliminate colour differences, and most importantly, do not over-edit your product pictures. 5. Collect feedbacks and reviews on products fit: You should develop a core process to encourage customers to leave a review of your product or service. It encourages your customers to review your business and products; I’m sure it comes as no surprise that online reviews impact the buying decisions of over 93% of customers, meaning reviews will both increase your sales and reduce your eCommerce returns. This will also help you identify any issues or problems people are having with the product and identify areas of misunderstanding so you can adjust your marketing, listings or emails as a result. Returns play a big part in the “big picture” of your business. Returns management impacts customer experience, supply chain management, inventory, and customer service. Your customer service and customer management teams–or maybe just you–need to understand the return process too. They need visibility into where returns are, so when a customer calls, looking for their refund, you can give them a good answer: “Your return shipped, but we haven’t received it yet.” When you all these in place and stick by it, your return rate will be minimized greatly to the benefit of your business. https://edasglobalsupplychain.com/blog/2020/11/23/5-effective-ways-to-minimize-product-returns-for-your-ecommerce-business/ |
dawnomike:Solid point. Empty containers litter the whole place yet in asia, it is scarce. We need to start exporting more. lalasticlala |
There is a growing shortage of container equipment in the Asian hubs of Shanghai, Singapore, and Port Kelang. This is on the back of a very strong peak season that has seen demand soaring beyond expectations. The box availability data from Container xChange (an online platform) has confirmed this trend. Shanghai has a limited supply of TEU. The situation in Singapore is even more pressing with both TEU and FEU being in short supply. Information regarding this trend was extracted from the Container Availability Index (CAx) which serves both locations. Port Kelang in Malaysia is also showing a shortage of 20-foot container equipment. The message from the Container xChange could not be clearer. In effect, the lower availability of containers across Asia has caused concern in the industry. The upcoming peak season means an increased need for containers in Asia. This has to be resolved to keep up with an increasing demand for cargo and goods shipped from the region. Container Supply in Asia There have been recent reports which have highlighted worsening container shortages in Asia. Part of the issue was that importers in the United States and Europe struggled to return empty containers to China and other Asian manufacturing hubs. The container imbalance was caused primarily by the spike in imports to the US and Europe during the critical months of July and August. This was after the reopening of the respective economies after lockdowns were put in place in the early days of the COVID-19 pandemic. Container xChange expects the equipment shortage to tighten further as shippers race to get their cargo on the water before the Golden Week holidays. This is the time when China’s factories are expected to close, particularly in the period running from the 1st to the 7th of October. A recent update by US-based Worldwide Logistics Shanghai indicated that the container shortage was more widespread. It is anticipated that this particular shortage will affect the vast majority of carriers that call at Shanghai, Shenzhen, Ningbo, Dalian, Tianjin, Qingdao, Xiamen, and Fuzhou. Apart from Cosco Shipping, most of the carriers were experiencing shortages in finding equipment. This was confirmed by an update released on the 9th of September. In early September containers of all sizes (including the 20-foot, 40-foot, and 40-foot high-cube types) were in short supply. However, Container xChange indicated that the shortages were more acute among 20-foot boxes. Additionally, there was evidence that the 40-foot high-cubes were increasing in availability. This was particularly noticeable at port hubs such as Shanghai and Port Kelang. The surge in Asia exports was also highlighted by Olivier Ghesquiere, president and CEO of container leasing company Textainer Group. During a mid-August call reporting on earnings, he indicated that the significant uptake in demand for containers has extended through the third quarter. According to him, the existing container inventory at Chinese factories held by lessors has by now been almost entirely committed. This would stand at about 600,000 TEU. This change in market dynamics is driven by the cyclical increase in trade over the summer season. The regions that are most affected include North America and Europe. The trend is compounded by the restocking of inventories following the easing of quarantine measures in the most industrialized and wealthiest nations. COVID-19-related disruptions in various supply chains have led to a dislocation of containers for shipping lines. The impact of these factors has been increased by the fact that for most of the past six quarters, shipping lines remained focused on cost optimization. This meant limiting their container fleet sizes. How Rates Are Responding to Demand One of the effects on the market has been high record-setting rates. This comes as US import demand soars. US imports grew strongly in August. Containerized imports from Asia increased by 13.4% from August 2019. Moreover, imports from mainland China were up 16.5%. This trend has impacted the market in several different ways. For example, carriers have cut per diem times. This allows them to turn boxes quicker to get them back to Asia so that they can be loaded with the now priceless eastbound cargo. Many are moving towards a just-in-time approach to take advantage of any market opportunities. We also know that the Asia-US West Coast rates hit a new record of $3,813 per FEU last week. This represents a 163.5% increase in the same week last year as reported by the Shanghai Containerized Freight Index (SCFI). Asia-US East Coast rates were generally up by 8% in the annual comparisons. They currently stand at $4,534 per FEU. Similar trends are being reported in Europe. For example, the latest volume data (July) as reported by Container Trades Statistics (CTS) show a 1.9% increase in volume on Asia-Europe compared with the same month last year. Industry statistics indicate that there are 1.52 million TEU being moved on head haul routes. Rising rate levels on Asia-Europe are consistent with forwarder reports indicating that volume remains strong. For example, SCFI average spot rate levels from Shanghai to North Europe last week stood at $1,054 per TEU. This represents a 56% increment when compared to a similar period in the previous year. According to Dominique von Orelli (executive vice president and global head of ocean freight at DHL Global Forwarding), container equipment was currently deployed on the highest yielding trades. These were invariably the trans-Pacific and Asia-Latin America. It is therefore anticipated that there will be a shortage of equipment for the Asia-Europe trade. However, this assumption has been contradicted by some including Andreas Bütfering (senior director trade management and the Far East at Hapag-Lloyd) who perceived no particular shortage in container equipment on the Asia-Europe trade at the moment. The contrary view from the expected rise in rates due to equipment shortages is based on the assumption that the extra capacity deployed in August is returning from Asia. Therefore, the trade should be much more balanced in the long run. This is regardless of the pressures on the equipment due to demand. Wrapping Up Given the surge in trade between Asia, Europe, and the USA; it is anticipated that there will be a shortage of equipment. Quite simply, the existing equipment will be put under a lot of pressure and that inevitably means an increase in rates. Suppliers and carriers must carefully study the market so that they can position their pricing and supply to meet demand, while at the same time taking full advantage of any opportunities that these trends are likely to bring. They certainly need all the help they can get, given the uncertainty that has been created by the COVID-19 pandemic. https://edasglobalsupplychain.com/blog/2020/11/14/surge-in-demand-aggravates-container-scarcity-in-asia/
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EDAS GLOBAL SUPPLY CHAIN LIMITED IS YOUR PLUG FOR ALL AIR AND SEA SHIPPING NEEDS. Our services speak for themselves.
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hardiodun:We are very reliable for all air and sea shipping. Contact us today via info@edasglobalsupplychain.com or call 07089921886 |
Luvlydevin:Use Edas Global Supply Chain Limited for peace of mind and cost competitiveness. We offer door to door services from China and other Asian countries, Europe, America..et.c Get in touch today. www.edasglobalsupplychain.com |
Luvlydevin:Use Edas Global Supply Chain Limited for peace of mind and cost competitiveness. We offer door to door services from China and other Asian countries, Europe, America..et.c Get in touch today. www.edasglobalsupplychain.com |
Use Edas, have peace of mind |
Use Edas, have peace of mind |
Use Edas, have peace of mind |
Use Edas, have peace of mind |
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