As the world changes, some barriers come down and others go up, but the rise of globalization shows no sign of abating.
Constantly changing local situations in a global marketplace can have an impact on multi-national organizations.
Collaboration between suppliers, retailers, shippers, logistics firms, and finally the customer can help to offer full visibility of the supply chain and the agility needed to manage and sustain it whatever happens along the way.
A global trade network will also have all the data needed to build on its service.
Allowing supply chain managers to determine when, where, and how problems arise, to create a more streamlined and effective supply chain.
At the end of the day, organizations will see time and money savings and, perhaps most importantly, ensure customer satisfaction, while reducing overall risk.
It is possible to take visibility and collaboration one-step further utilizing a global trade network model.
A global trade network of cloud-based logistics applications and services can give its partners access to, and the ability to collaborate with, tens of thousands of network participants.
This opens up access to new markets across the world and increases the efficiency of cross-border movements.
It also gives organizations complete visibility on a truly global scale.
Imagine this collaborative visibility across a global supply chain, with all the data from across the trade network being captured, enabling you to analyze it, and use it.
It offers the ability to see what is happening and what is about to happen and why.
This allows alterations to be made to the supply chain before problems occur.
“Visibility is often thought of as a tool to track freight transportation, but it can be so much more if a company structures its processes to be tracked...from production to compliance to transportation to finance in a single flow.”
Download this white paper and discover how real-time visibility of the supply chain is important, but linking visibility to business processes and using this connectivity for decision-making and execution can have a significant impact on effectiveness and efficiency.