Cost savings for logistics and transport

Many businesses’ half-year profits are making for gloomy reading in the face of ongoing economic uncertainty, yet Premier Foods has vowed to slash logistics cost by £20million. Is the view of organisations such as this simply blind optimism, or are there really savings still to be made that are ripe for the picking?

While many may find the idea of squeezing their logistics and supply chains even further an absurd one, having tightened their belts significantly during the past few years and with fuel prices rocketing, a thorough review of operations can still reap rewards.

Logistics is not just about managing rising fuel prices and getting goods from A to B as cheaply and quickly as possible. Many other factors also need to be considered that can make all the difference to overall costs – for example, speed to market, supply chain efficiency and fluctuating exchange rates.

This is an excerpt from Logistics & Transport focus, the full article can be downloaded from here.