Mercado | The Battle for Supply Chain Superiority: First Mile versus Last Mile

The Battle for Supply Chain Superiority: First Mile versus Last Mile

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The battle for Supply Chain superiority: First Mile versus Last Mile

Tags:
First Mile, Last Mile, Global Supply Chain, Importing, Technology
Dallas-based startup empowers businesses to optimize international trade.
The final steps in the international supply chain, often referred to as the Final Mile (or Last Mile), have been the focus for improvement for some time. New brands have shot up in recent years to help tackle the question of how to get goods to customers faster, more efficiently, and at lower cost. Enhanced tracking systems, improved delivery analytics, and standardized operating procedures have all come about as a result, yet many are missing the most crucial stage of the supply chain: the First Mile. And here’s why.

What is the First Mile?

The First Mile is typically defined as the initial 120 days of the supply chain, where importers have the ability to affect the success of their product and inventory.

Why is the First Mile so important?

What many importers don’t realize, is that it’s during the First Mile that decisions and changes surrounding the size, spec, and manufacturing of products can be addressed – long before it gets anywhere near a plane or boat. Issues that arise when inventory is on the sea or in the air cannot be fixed until they arrive at destination – leading to potentially lengthy delays and rising costs due to re-work and lost sales. The First Mile is so important because it has ramifications on the entire downstream supply chain operations.

How can I move to a First Mile focused supply chain?

Tools like Mercado help importers to reprioritize where they manage the goods, starting with the Purchase Order. By digitizing the way an order is created, managed, and processed across the myriad of people, tools, and processes involved in a typical supply chain, the Mercado platform helps to connect parties, create true transparency and visibility across an order, and automate previously manual tasks to bring greater predictability and control.


"The First Mile is typically defined as the first 120 days of the supply chain, where importers have the ability to affect the success of their product and inventory. It’s here that decisions and changes surrounding the size, spec, and manufacturing of products can be addressed – long before they get anywhere near a plane or boat."

ABOUT MERCADO

At Mercado Labs, we know your product is the lifeblood of your business. And yet managing your imports has become increasingly complex over recent years, with products taking on average 4 months to receive, suppliers located thousands of miles away, and external forces – from trade wars to global pandemics – creating extreme uncertainty. Most of the process is analog and takes far too long. So we wanted to change that.

The Mercado platform helps importers to better manage their orders from source to store. By focusing on the First Mile – the initial 120 days of an order – we help businesses optimize their global trade, eliminating pain and mitigating risk across the supply chain.


Get in touch and find out what Mercado can do for your business.

                       

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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.
Copyright © Mercado Labs
                       

Terms of Service   |   Privacy Policy
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.
Copyright © Mercado Labs
                       

Terms of Service   |   Privacy Policy
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.
Copyright © Mercado Labs
                       

Terms of Service   |   Privacy Policy
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.
Copyright © Mercado Labs