Posted on January 06, 2021
Looking back on 2020, logistics professionals will emphatically state that keeping supply chains open and moving was a major accomplishment. Companies usually prioritize cost savings in their supply chain; in 2020, cost tracking shows movement in the other direction – as companies paid more to keep operations running and lines moving.
Despite the challenges of 2020 and continuing impacts on logistics supply chains, it is essential to identify that cost savings are possible. Identification of cost-saving opportunities such as cost avoidance, consolidation, and deflation are all still possible during these trying circumstances. While it is easy for savings to fall by the wayside when concentrating on just moving product from A to B, it is also the best time to bring cost-saving strategies front and center!
Some simple savings strategies include:
For more information on how Allyn International can help with cost savings strategies, contact firstname.lastname@example.org
Contributor: Heather Skovron
About Allyn International
Allyn International is dedicated to providing high quality, customer centric services and solutions for the global marketplace. Allyn's core products include transportation management, logistics sourcing, freight forwarding, supply chain consulting, tax management and global trade compliance. Allyn clients range from small local businesses to Fortune 500 firms. Allyn conducts business in more than 20 languages and has extensive experience in both developed and emerging markets. Highly trained experts are positioned throughout North America, Europe and Asia and Allyn regional headquarters are strategically located in Fort Myers FL USA, Shanghai P.R. CHINA and Prague, CZECH REPUBLIC. For more information, log on to www.allynintl.com.