Companies that have automated some or all of their international logistics operations have reduced their logistics costs by an average of 9.8 percent, according to Aberdeen Group's new “Global Trade Management Benchmark Report: Navigating the Currents of International Trade.”
The Global Trade Management Benchmark Report suggests that cross-border shippers need to be ever mindful of the complexities inherent in international trade and, as part of their global trade management strategy, must gain full visibility and control of the entire international transaction.
"Progressive companies are linking their financial and physical supply chains. They're also leveraging cross-border trading intelligence to craft sound business processes before deploying technology," says Mark Vigoroso, senior analyst, Supply Chain Research, Aberdeen Group.
The Aberdeen Group-Logistics Magazine findings clearly indicate that firms that have deployed GTM software solutions have recognized considerably greater benefits from global trade than those that have not, particularly in the areas of international payment settlement, delivery times, and profitability. This study, conducted jointly with Logistics Management magazine, identifies opportunities to improve existing global trading procedures; examines business, process, and technology strategies that have a direct impact on global trade management success; and provides visibility into future global trade management strategies and technology investments.
For more information about The Global Trade Management Benchmark Report: Navigating the Currents of International Trade, visit www.aberdeen.com or call (800) 577-7891.
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