The complexities of managing global trade are many, which may be why a lot of companies overlook savings available in Free Trade Agreements. Scott Byrnes explains how to leverage FTAs and discusses other strategies to optimize global trade.
The global contract logistics market grew by 3.4 percent in 2012 to €159.35bn ($213bn), according to Transport Intelligence's Global Contract Logistics 2013 report. However, this figure hides an increasing divergence in the performance of regional markets, with growth in emerging markets much higher than those in Europe or North America.
Companies are finding it increasingly difficult to control their supply chains at a time when the cost of failure is higher than ever, according to risk management association Airmic.
If you were associated with manufacturing and distribution operations a few decades ago, you may have heard of Dr. Eli Goldratt, the theory of constraints and his book titled "The Goal."