Mercado | Insights - Beyond the ports, what's next?

Insight: Beyond the ports, what’s next?

Article | What I learned in Supply Chain

Beyond the ports, what's next?

October 14th, 2021
6 minute read

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Every week, Mercado CEO Rob Garrison pens his latest learnings from the supply chain industry as part of an on-going series. Each article aims to share a little insight into what's going on that week, and to help foster discussion amongst industry professionals across levels, geographies, and companies.
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80% of the global supply chain is offline. This 80% represents the single biggest opportunity to permanently deal with the import crisis and beyond.
Importing, once an arcane topic, has hit the mainstream. It was recently featured on CBS Sunday Morning with Professor Yossi Sheffi and again on 60 Minutes. I even saw a segment this morning on my local news.

Most of the focus was on logistics (the #MiddleMile) — and for good reason. There are myriad issues in logistics right now: vessel availability, container availability, rising container costs, vessel reliability, vessel dwell times, port congestion, port dwell times, domestic transport, and labor (...to name a few).

Unfortunately, most of these issues are out of the control of importers. Although some are attempting to conquer it, even resorting to #BYOS (Bring Your Own Ship)! There is also a call by Bob Nardelli (former GE, Home Depot) for the govt to declare a national emergency, and call in the military for logistics support at the ports.

So how does an individual importer turn the tide and take control of their import supply chain? By focusing on the other 80% #FirstMile. The First Mile is the first four months (80%) of the order that occur before the order is booked on a vessel. Nearly all of this activity (planning, procuring, and production) is currently done via Excel and email.

Bringing this 80% online represents the best opportunity for importers to reverse the tide going forward. To gain back the excessive time and expense being consumed by logistics.

"Bringing this 80% online represents the best opportunity for importers to reverse the tide going forward. To gain back the excessive time and expense being consumed by logistics."
Mercado Labs | Rob Garrison, CEO & Founder
Rob Garrison
Mercado CEO

An online global supply chain companies will help companies:

  1. Preserve the DNA of their order throughout its entire five-month journey. The order is the primary engine for sales.
  2. Share the DNA status of the order throughout its evolution and connect it to the #FinalMile. This creates better forecasting, collaboration, and operational efficiencies both in purchasing and logistics.
  3. Provide first to final mile visibility and transparency throughout the life of the order. This is “table stakes” for any business.
  4. Create resiliency by building significant supplier connectivity, profiles, metrics, and analytics.
  5. Efficiently manage the millions of dollars of products and sales that these orders represent.
  6. Monitor and measure supplier performance to reduce time and waste / improve compliance.
  7. Enable “no regrets” outcomes such as ESG and workforce/supplier satisfaction.

Digitizing the supply chain allows importers to “empirically” manage every day, and also through a crisis. When all parties are connected first-to-final, competitive advantage is created for companies and their investors.

Follow the link here to learn more about how Mercado can help.

About the author(s)
Mercado Labs | Rob Garrison, CEO & Founder
Rob Garrison
CEO, Mercado Labs
LinkedIn

About the Series

Each week, Mercado CEO Rob Garrison pens his latest learnings from the supply chain industry as part of a series run for his LinkedIn followers. Each article aims to share a little insight into what's going on that week and to help foster discussion amongst industry professionals across levels, geographies, and companies.

You can connect with Rob on LinkedIn by following this link.
Mercado | Bring Order to your Imports
                                               
© Mercado Labs Inc.
From us to you...

Thank you for using Mercado. Our goal is to empower businesses to better navigate the complex world of importing. We know data security is of paramount importance, so we place high standards on ensuring it is safely and respectfully secured. We are committed to following and continuously evolving best practices to support this principle. Your data is yours, and we guard it closely. We do not sell any of your information, and we will always be fully transparent on how we collect and use your data. That's a promise.
Mercado | Bring Order to your Imports
                                               
© Mercado Labs Inc.
From us to you...

Thank you for using Mercado. Our goal is to empower businesses to better navigate the complex world of importing. We know data security is of paramount importance, so we place high standards on ensuring it is safely and respectfully secured. We are committed to following and continuously evolving best practices to support this principle. Your data is yours, and we guard it closely. We do not sell any of your information, and we will always be fully transparent on how we collect and use your data. That's a promise.