Reducing operating costs in the prevailing economic environment remains a constant challenge for businesses globally as shortages and subsequent price increases of commodities lead to delays, underproduction of goods, and inventory supply constraints.
In today’s world, it is very difficult for product supply to keep up with demand, and this, in turn, brings about higher prices on finished products. It is now not only about generating cost savings, but also about prioritizing the need for a resilient supply chain that optimizes lead times. As a result, the focus is evolving; more companies
now look for the best cost value when evaluating long-term investment benefits, rather than just the lowest option.
Businesses must ensure that they have the ability and flexibility to redesign their operations and have good geo-strategic positioning that allows them to adapt their supply chains to constant disruptions. Inventory must be in the right quantities in the right place at the right time, thus reshoring, nearshoring, and multi-shoring one or more stages of their supply chain may be highly beneficial as shipments from closer proximities are less expensive and have shorter delivery times.
Nowadays, however, having the capacity to meet financial, sales, and service goals also requires having adequate infrastructure in technology and digital terms to ensure a good connection with suppliers, plants, and the customer.
All this represents for businesses the need to explore and manage new projects and strategies to implement new technology, bring manufacturing within the regions where plants are supplied, locate logistics operations such as warehousing and crossdocking closer or within the same end markets—or consider dividing business functions and activities between different locations.
Third-party logistics companies (3PL) provide more than just infrastructure—they provide experienced capabilities both operationally and technologically. They also bring broader perspectives, and proactive and differentiated service proposals to meet the specific needs of each business. These factors make partnerships with logistics providers that have a local presence in a company’s markets of interest, a good option that brings great opportunities and benefits.
According to Ryder Mexico, companies must strengthen and diversify their logistics strategies to maintain stronger quality control and shorter, more responsive, supply chains to achieve more customercentric, resilient, and proactive businesses.
To achieve the efficiency and scalability needed for businesses to become resilient and capable of efficient planning, production, and distribution, leading players in the logistics sector, such as Ryder, use their comprehensive services portfolios that include crossborder, warehouse, cross-dock, and transportation management to enable companies to achieve better end-to-end logistics execution and be able to navigate disruptions.
Working with strategic partners is an important element when strengthening business resilience while maintaining dynamic and productive balance and fostering continuous innovation in the supply chain. Organizations that achieve these operational results improve their business decisions to generate tangible and sustainable transformational growth resulting in increased value in an everchanging world.
