Best Logıstıc
The Largest & Biggest Logistic Industry
Around the globe, the integration of logistics services is helping companies discover new markets.
Demand can shift rapidly in our current world of often disrupted supply chains and ongoing economic difficulties. New competitors could appear, economies may slow or accelerate, and all of this can affect the success of a company operating in these circumstances. Opportunities to expand into new markets could be beneficial for companies experiencing a slowdown in their existing markets or a business that sees the opportunity to connect with different customers.
In managing the entire supply chain’s integrated logistics process and coordinating all the steps of the supply chain’s logistics cycle, an end-to-service provider could be a crucial factor in helping a company gain access to an entirely new market. From distribution and procurement to delivery and transport, an integrated logistics provider can determine the best strategy for each market and provide connections to networks in the local area as well as local knowledge. It also can manage multiple stakeholders and suppliers and stakeholders, easing the burden of establishing a foreign market.
What Are Local Solutions To Meet Global Goals With Integrated Logistics?
A company may be able to comprehend its local market. But every need is distinct and comes with unique opportunities and challenges. With its knowledge of the terrain and the market, the logistics company can develop a local solution for the business operating in the market. They will also be able to help overcome language and cultural differences, as well as the variations in technological performance and standards, in addition to specific laws and rules.
Integrating supply chain management could include everything from bookings to customs clearance to warehouses and insurance. A logistics company with a presence in the market of choice will provide access to an established and vast network of service providers. This will save the company time and resources and eliminate the necessity to create partnerships from beginning from scratch. Instead, it draws upon those logistics companies’ previous skills and experience.
A well-integrated supply chain provides businesses with a complete view of their supply chain, greater flexibility, and the capability to change transport modes across air, ocean, and land. It enhances flexibility and resilience, and the capacity to deal with disruptions swiftly and efficiently, which is essential to any business entering a new market.
How To Use End-To-End Logistics To Take Advantage Of New Opportunities?
The ability to apply the entire logistics management to ease the entry of new markets is applicable across the globe and industries ranging from lifestyle to chemicals and fast-moving products for consumers (FMCG) and retail technology, automotive.
For instance, China’s electric car (EV) battery manufacturer might collaborate with their logistic partner to introduce its product onto a new market in Europe where the partner is familiar with operating. Based on Statista, China exported almost 17 billion USD of EV batteries in 2020; this Visual Capitalist estimate adds up to 56% of the world EV batteries market. In addition, the German EV battery industry is expanding at an average of 18% per year and is an excellent opportunity for Chinese EV battery manufacturers. Chinese EV battery maker. By tapping into their entire services company’s presence in Germany and their understanding of local rules and needs, the company in China can save time and money and respond to market developments swiftly and efficiently. This is more than just the effectiveness and resilience that the business can gain from having a supply chain, which includes the capability of handling inland, air cargo, ocean freight, and a variety of distribution and warehouse services globally.
Another instance could be an American chemical company United States wanting to capitalize on India’s increasing demand for pesticides. It is worth noting that the US is the second-largest exporter of pesticides, following China, according to the Observatory for Economic Complexity (OEC). Fortune Business Insights estimates that the demand for pesticides in India will continue to rise from a mere USD 65 million by 2021, reaching more than 130 million by 2029. Like any other market, expanding into India requires knowledge of the local regulations and rules for exports and imports. Additionally, the transportation of chemicals may be subject to additional rules and regulations. Failure to comply with these could result in fines and sparks and fires. An end-to-end logistics company specializing in the transport of dangerous goods with a strong presence in India will ensure that the applicable export and import regulations for both sides are adhered to and that the required checks are performed to ensure the transition to the new market is seamless.
What Are The Ways To Achieve Greater Certainty In A World Full Of Uncertainty?
Geopolitical risks are among the biggest threats to the supply chain in 2022. This is especially relevant for companies looking to expand into markets that are impacted by geopolitical issues. This is where integrated management of supply chains may assist.
End-to-end logistics companies can switch transportation modes, divide product loads and choose different warehouse options. With complete supply chain visibility, they can swiftly assess the effects of disruptions, react to changes in connections, and identify alternative distribution and warehousing options to avoid problems. In conjunction with their logistics provider, they can also ensure that the company has a strategy in place in areas with geopolitical issues as the main factors.
The benefits of expanding beyond the established markets are enormous and help diversify the base of customers. Partnering with a logistics partner who can assist in navigating the difficulties mentioned above could be the solution businesses are trying to access new markets that still need to be explored.
SLG Logistics A.Ş
The Largest & Biggest Logistic Industry In The World