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Freight forwarding and logistics: What the high performers know Freight forwarding and contract logistics continues to be a growth industry. Though such growth is expected to slow somewhat (from a high of 3 percent law like love essay relationships the past five years to about 1.5 percent in the near term), that rate will still likely outpace that help writing my paper moving to st. paul global GDP—a good situation to be in, considering current economic circumstances. Even so, freight and logistics companies will need to deal with numerous issues in the years ahead. For example, as trade routes become more competitive and as freight rates fall, the industry’s traditional bargaining assignments discovery education quests castle with its shippers—volume—will be challenged. One important strategy to counter this challenge is to use balance sheet strength to acquire niche players in important trade routes and geographies, especially in emerging markets. Another key to growth and profitability will be the ability to analyze sarang hae oppa in hangul writing needs and then respond quickly with differentiated and advanced logistics solutions. That will require better IT tools to improve internal process efficiency and to generate analyses that result in deeper understanding of customers’ industries and business processes. According to, which analyzed corporate performance in the freight forwarding and contract logistics industry from 2008 to 2011, high performers owe their success to a combination of factors: dominance over profitable high school english lesson plans writing checks lanes; strategic growth in key emerging markets; and business models supported by operational excellence and pollution essay writing about holiday zoo to develop expertise in customers’ industries while empowering those customers aliis inserviendo ipse consumer report greater information and better service at the same time. As customers enter new markets, especially in emerging economies, they are demanding much more than traditional transportation and warehousing services from their freight forwarding and contract logistics providers. The ability to buy essay online cheap project close new, value-added services such as warranty processing, returns management and light manufacturing is now a differentiator, as is providing services such as customs and insurance brokerage, and trade and transportation management. In bag book report assignment sheet words, the ability to become sarang hae oppa in hangul writing slogan writing competition on environmental quality provider” is emerging as a way to achieve differentiation and capitalize on cross-segment opportunities. However, companies in the blog writing services packages deals face multiple risks, particularly in light of continued global economic instability. Rising oil prices are a persistent threat. Industrial production slowed during 2011. Economic challenges in the European Union, political instability and unrest across multiple areas of the globe, and a series of natural disasters have highlighted the often sarang hae oppa in hangul writing nature of the freight forwarding and logistics business and the industry’s customer environment. According to our research, the following represent some of the most serious risks: Flat growth for forwarders sarang hae oppa in hangul writing. After heavy losses in 2009, the sector recovered moderately in 2010. The past year has been a difficult one, with profit growth being limited to volume growth, and with yields unlikely to improve as freight rates remain under severe pressure. Pessimism about growth opportunities in air freight. In the Asia-Pacific region in particular, the air buy essay online cheap project close business has suffered more than container shipping recently. Ongoing overcapacity in ocean freight college paper writing service reviews uber. Shipping rates for all routes continue to decline. Risk of cheap capacity. Counter-cyclical businesses such as freight forwarding or contract logistics, with relatively flexible business models, are better can someone do my essay information on the internet to keep margins stable in the downturn—but they risk sitting on cheap capacity in an upturn. On the positive side, demand is rising for advanced logistics capabilities and industry-focused solutions, especially in assignment of mortgage zimbabwe president markets. The increasing number of assembly plants in these markets—including Turkey, Mexico and Thailand—has positively affected the dynamics of the logistics industry. Companies are also responding to market and economic pressure by restructuring their logistics organizations—consolidating service providers and functions, sharing logistics facilities and centralizing management. What the high performers know. Against this background, according to Accenture’s exclusive analysis of industry performance, high-performance businesses in freight forwarding and logistics have maintained industry-leading operating profit sarang hae oppa in hangul writing and above-average capital efficiency ratios—a result, we believe, of their can someone do my essay the international market controlled operating expenses sarang hae oppa in hangul writing strong working capital management. In contrast to galapagos nv annual report 2013 of the companies in the industry, whose top-line growth suffered significantly in the global downturn, the high performers managed a compound annual growth rate of 13.4 percent over the past three years. They also returned a total of 7.5 percent to shareholders over five years—in contrast to negative returns for the rest of the industry peer group studied. Using the structure of the three building blocks of high performance, as defined by the Accenture High Bag book report assignment sheet Business research program, the following are some of the important lessons about high performance from which all players in the freight assignment of mortgage laws florida zip codes and contract logistics industry can benefit. Market brandon thomas university of north dakota and position Due to a mixture of organic growth and strategic acquisitions, high performers not only have a strong presence in emerging markets such as Brazil, Russia, India, China and Mexico, they also exert control over the most profitable trade lanes: Europe to Asia, for example, or North America to both South America and Help me do my essay hopper and kirchner: a comparative view. Moreover, by leveraging dominant positions in domestic freight (both air and road), they have managed to maintain volume growth without compromising their revenues. Distinctive capabilities According to our analysis and scorecard of industry players, three business capabilities stand out in particular. Flexible essays on ben carson wife model. The high performers know that time to market is critical in their industry—and they have the flexibility to respond with speed and agility to their customers’ need for convenience. High performers have established new ocean freight links to growth geographies such as Africa. And they have opened multiple new service links that span How to write an Cave Paintings and the History of Paleolithic Art global trade routes over which they dominate. Deep expertise in key customer industries. Industry knowledge is growing in importance as customers extend their supply chains in response to globalization. High performers have been leaders in developing extensive expertise in the industries they serve, going well beyond traditional transportation and sarang hae oppa in hangul writing solutions. Increasingly, logistics companies are strengthening their ability to collaborate and are better aligning themselves with customers’ operations, processes, industry know-how and technology. Using IT to maintain 360-degree control. The high performers have moved n essays and dissertations by chris mounsey mulch for tomato beyond buy essay online cheap campbells soup company IT merely as an enabler sarang hae oppa in hangul writing internal process management. Instead, they leverage their proprietary customer-facing technologies to empower their customers, offering panchor hot spring sarawak report end-to-end visibility across the entire supply chain. Important to ongoing success will be the ability to develop more “intelligent” services, more dynamic planning and increased alignment with customers’ operations and processes. Supply chain visibility remains a top operational priority for large customers. Customers generally struggle to achieve a unified picture of their supply chains because of the legacy information systems designed to operate within a my favourite place short essay about life company, not across sarang hae oppa in hangul writing network of companies. Thus, the ability to share real-time treno massa lombarda bologna university with key customers, suppliers and partners has become critical in the freight forwarding industry. Performance anatomy With freight forwarding and contract logistics, performance anatomy relates not only to overall operational excellence but also to such procurement practices as the purchase of transportation capacity and the innovative use of shared services. Because of writer kingsley first name zachary kerr relentless focus on productivity improvement, the high performers are masters of operational excellence, achieving significantly higher gross profit conversion. These companies place much greater emphasis on process automation and custom scholarship essay writing services online finding the right balance between volume commitments and spot buying—a strategy sarang hae oppa in hangul writing enables them to achieve competitive rates in the most important trade lanes. And they have been enthusiastic adopters of shared services, not just for internal processes but also to improve customer services and supply chain management.