Having a supply chain strategy is equally important for midsize companies as it is for enterprise-level firms. In Part I of this series, here are some of the key high-level approaches you can adapt from your bigger business counterparts.
Taking a company global sounds great, but once a business decides to do it, the cascade of challenges begins. Customs clearance, industry rules and regulations, and new infrastructures are just a few — especially for mid-size companies. The ones that succeed will be the ones that have done the most homework and found the right partners.
Cross-border retail sales are growing at a rate of seven times the GDP and almost double the rate of domestic online commerce. Pursuing such ripe opportunities presents its own set of unique benefits and challenges. These tactics can help set you on the path to global success.
Not surprisingly, 95% of the world's customer base lives outside the U.S., so having a global presence can be a smart move for future longevity. And emerging markets offer unexpected opportunities for midsize businesses. Finding the right partners is as important as finding the right market. See how companies of all sizes feel about where to expand, the challenges they face, and what the rewards and pitfalls are.
It might be time to right-size your shoring strategy. Learn how near-shoring and re-shoring can shorten your supply chain, get your goods to market faster, and stay viable in today’s demanding marketplace.
Omnichannel operations are a fact of life for businesses today; customers expect a seamless experience whether online or off. While creating a cross-channel supply chain is challenging to integrate, the disruptions are worth it. Here are eight places to start:
What started as a retail phenomenon in which consumers demanded a seamless online and in-store experience has become a standard procedure across practically every industry. Whether you're a B2B or B2C business, optimizing your supply chain is critical.