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Optimising the International Supply Chain
An increasingly higher proportion of companies are now both sourcing and distributing internationally, due to the favourable and ever-developing global nature of the economy; and in particular, the boom of eCommerce.
Perhaps more than any other area, international trade regulation and best practice are highly complex, potentially risky, and subject to frequent and significant changes.
Due to the level of complexity, opportunities are often missed, and so this is an area in which a small initial project can lead to significant savings. This presents challenges in managing effectively and in ensuring compliance with all relevant legislation.
Furthermore, the supply chain for a single product may have multiple stages across a number of different countries and trading blocs. For these reasons the advice of a specialist international supply chain consultant, able to keep abreast of ever-changing developments, can be a valuable resource.
International Freight Benchmarking
We can help to determine if you are paying the right price for your international freight movements. We can also help you to look at the range of possible solutions and providers on offer, identify those that are most appropriate to your requirement, and run an effective procurement process, and manage the ongoing provider relationship to avoid common issues.
Customs Duty Optimisation
Clients can often assume that simply choosing and assigning an agent to manage their customs matters, that this covers all bases. However, the Go Supply Chain team understand that matters can often be more complex, and therefore help their clients, by assessing the full spectrum – end to end – supply chain to find opportunities for duty reduction. On occasion, it has proved possible to secure recovery of previously overpaid customs duty.
Other areas we can advise on include shipping and commercial documentation, Incoterms, international financial methods and payments, insurances, currency purchasing options, supply chain security, Authorised Economic Operator status (AEO), At Go Supply Chain, our international supply chain consultants have successfully completed projects to help companies to make appropriate and compliant international supply chain arrangements, getting the right results at the right cost.
International Supply Chain Considerations
- What is the right supply chain infrastructure (e.g. hub locations)?
- How do we achieve supply chain security?
- What international freight solutions are available?
- Are the rates we are paying competitive?
- How do I mitigate unexpected freight cost increases?
- Can we reduce or eliminate our customs duty liability?
- Are we using the correct Incoterms?
- What’s the best way to pay suppliers and mitigate currency risks?
- Are we fully compliant with all relevant laws and regulations?
- Should we go for Authorised Economic Operator (AEO) status?
- Poor service to international customers
- Loss of competitive advantage
- Shrinkage in the global supply chain
- Too slow to market
- Unnecessary costs incurred in customs duty
- Working capital tied up in duty and VAT
- Currency movements reduce profitability
- Prosecution for non-compliance
- Goods are held up at customs, impacting customer service