The technology to support a global trade network is available today, it’s just a matter of looking at supply chain design in a new way, implementing it, and moving global trade to the forefront where your supply chain becomes today’s battleground.
By BluJay Solutions
July 22, 2017
Companies operating a global supply chain are facing increased pressure to deliver product faster than ever before.
“The Amazon Effect” has disrupted customer expectations about the speed and visibility of goods in transit.
Trying to increase velocity is a challenge when supply chains are fragmented and different departments use siloed technologies for their own individual operations.
The traditional supply chain model does not have the flexibility to adapt when constrained capacity, fluctuating demand, and political trade uncertainties affect the market.
A more modern approach to supply chain moves away from a traditional logistics model and embraces a global trade network (GTN) model.
Organizations can strategically create value and enable profitable growth in new and existing markets by optimizing supply chain performance.
This new approach to supply chain strategy is beneficial to companies whether they move product domestically or globally.
What is a Global Trade Network?
A global trade network is a living ecosystem of supply chain partners all connected through one cloud-based technology platform.
In this model, the focus is on interactive collaboration among carriers, shippers, forwarders, suppliers, 3PLs, and even customers.
It drives a powerful network effect with the benefits of universal connectivity among participants.
This connectivity creates a number of benefits to help companies streamline their global supply chain management.
5 Key Benefits of a Global Trade Network
- Improved access to capacity
- Increased speed and agility
- End-to-end supply chain visibility
- Macro-optimization vs. micro-optimization
- Friction-free borders