The landscape of the world is constantly changing, especially once you take your business global. Brexit, the COVID-19 pandemic, the Ukraine conflict and labour shortages- are all global events that have impacted the logistics industry. It can sometimes seem like costs are snowballing as unforeseen fees like extra import duties and taxes, transport fees, fuel levies, and provider surcharges start eating up your profits.
And with skyrocketing costs, consumers are likely to wait longer for deliveries and face higher costs for in-demand items.
As markets become unstable, it’s more important than ever to find ways to stabilise your costs so you can ride out uncertain times. One way you can do this is through partnering with a global logistics provider. Global logistics providers can harness economies of scale, which means they are often able to give you a better cost per unit than what you’re able to achieve yourself. Working with a provider that has set rates is another way to ensure more stable costs.
If your provider is in multiple markets, they might be able to help you with an end to end supply chain. By reducing middle men, they are helping you reduce costs and time, giving you more bargaining power as you build your business globally.
Fluctuating changes to costs are often unavoidable, but working with a provider that is able to communicate these extra costs early is incredibly important. Knowing about large increases to certain shipping costs early can help you make judgements about your pricing and shipping costs, helping you ensure growth for your business.
