Going Global? You May Need a Third Party Logistics Partner

As your business evolves you may find you have the need to outsource manufacturing abroad, target foreign markets, or even source raw materials from low-cost countries. As your business becomes global, you may find that you spend more and more time on logistics than any other operation. You can save both time and money by partnering with a third party logistics provider, and effectively outsourcing all product handling. From receiving, to storing, to packing and shipping, a professional logistics provider can help you automate your most time-consuming operations, so you can focus on your core competencies. Here are a few service offerings that may make sense for your business.

Dedicated Fleet

For regular transportation service, a logistics professional can set you up with a dedicated service of fleet vehicles to cover even the busiest delivery schedule. A professional logistics provider will help engineer the perfect system to suit your business. If you need time sensitive delivery to retailers, or need a regular supply of raw materials inventory delivered to your production line daily, a dedicated fleet can easily be embedded in your supply chain where you need them. A custom software will be integrated to give real-time delivery reports to help your logistics provider create even greater efficiencies in your supply chain.

The Economy: It's More Fun in the Philippines

The Asian Development Bank noticed the surprising economic performance of the Philippines and four of its neighbors, clarifying the unique and critical role the "ASEAN 5" will need to play as global growth drivers amid recessions in the rest of the world.

In an official report released in July, the development bank cut its growth forecasts for other countries in the region but affirmed its positive outlook for the Philippines, Indonesia, Thailand, Malaysia and Vietnam. According to the report, an average growth of 5.6% among the five resilient economies is realizable even amid the crippling debt crisis in Europe and the struggling US economy across the Atlantic. The impact of this dual downturns have reached the BRIC markets, even China, which has just recently reported that its economy has lost momentum, with its much lauded growth rate unexpectedly contracting to 7.6% in the second quarter.