How Can Your Company Benefit from New Sourcing Strategies? New Report
As cross-border trade becomes more and more vital, companies have begun to consider alternate sourcing and trade options and how these will impact their total costing analysis. Many have been drawn to Free Trade Zones and reshoring processes, in order to reap the benefits of duty and tariff reduction opportunities.
However, many organizations have been cautious in acting on these opportunities. The AberdeenGroup found that while 85% of companies recognize the importance of strategic inbound optimization, a mere 21% have realized the value of reshoring and other strategies.
The AberdeenGroup’s brand new report, “Strategic Inbound Optimization: Foreign Trade Zones and Reshoring Increase,” explores the strategies that best-in-class companies use to reduce transportation spend, decrease total landed cost, and increase on-time and complete deliveries.
Figure 1: Key Inbound Strategic Optimization Events
Specifically, these top companies realize that the best way to take advantage of these opportunities is to create a Strategic Inbound Optimization Program.
Learn more about Foreign Trade Zones, Strategic Inbound Optimizations Programs, and other best practices in The AberdeenGroup’s new report, available here.