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ReGlobalization Requires the Right Partners for Freight Forwarding and Transportation Services
If your organization cannot move freight efficiently, reliably and affordably, you lose. For executive teams, that makes selecting the right freight forwarding and transportation services one of your most critical calls.
Whether your organization ships across borders or delivers next door, the era of ReGlobalization requires more than trucks and tracking numbers. ReGlobalization requires strategically reconfiguring global supply chains to balance efficiency, resilience and geopolitical considerations. Companies that cling to traditional, linear supply chains will find themselves stuck. Growth requires agility, resilience and the ability to move goods across newly emerging routes, partners and possibilities.
This new era requires companies to find new sources of raw materials, new manufacturing hubs, new supply chain partners. And that means your freight no longer moves along the familiar routes. You’ll be working with new ports, new customs regulations, new trade lanes – perhaps even entirely new distribution systems.
That means new sources, new suppliers, new ports, new routings, maybe even new distribution systems. Think your old transportation solutions can keep up and work in an efficient manner? That’s not likely.
The right freight forwarding and transportation solutions help you pivot quickly, seize new opportunities and insulate your business from the volatility that defines modern global commerce.
Tompkins Ventures knows that transportation no longer can serve as a support function. Transportation and freight forwarding must serve as your competitive edge in a ReGlobalized world.
Why Many Companies Struggle with Transportation
Transportation bedeviled businesses even before the uncertainty and perpetual disruption of the last few years.
We get it. Businesses are under pressure. Poorly designed networks. Bottlenecks at ports. Capacity shortages. Wildly fluctuating freight charges. Regulatory chaos. Holdups during customs clearance.
Still, many these days cannot answer basic questions:
- Are we getting our shipments to customers on time at the lowest landed cost?
- Do we know where our products, raw materials, containers and trucks are across our entire network?
- Are we leveraging the right transportation mode and consolidating shipments for multi-stop delivery?
- Do we have immediate access to real-time cost and performance indicators?
Many companies lack the internal expertise, global network or analytics-driven insights to answer those questions. Some common pitfalls we see include:
- Ineffective supply chain engineering and transportation network design.
- Using the wrong modes of transport, Inadequate consolidation.
- Limited options for multimodal and international freight forwarding.
- Disconnected systems with little to no visibility.
- Lack of risk mitigation strategies for global logistics
- No transportation options beyond one or two carriers.
All these challenges disrupt your ability to move freight smoothly and hurt your bottom line. They lead to real delays, unnecessary costs and unhappy customers.
That’s where Tompkins Ventures steps in. Our 200-plus partners bring a collective centuries of experience and a trusted ecosystem that spans the globe. That vast ecosystem allows us to go deep into carrier networks.
We can find capacity when others cannot. Our partners make the complex simple. And we can design transportation solutions that evolve in the face of disruption, allowing you to deliver when your competition cannot.
That’s true competitive advantage.
From Cost Center to Competitive Edge
Executive teams who want to thrive in ReGlobalization should not look to “buy” transportation. Instead, they should seek help with designing transformation.
Start with a complete evaluation of your entire transportation network. Such a data-driven assessment can identify gaps, inefficiencies and opportunities in your current logistics operations.
You should evaluate, at a minimum:
- Cost vs. market
- Mode utilization and mix (truckload, LTL, parcel, etc.)
- On-time, in-full (OTIF) service levels
- Inventory visibility and accuracy
- Network design efficiency
- Carrier performance
Only then can the right expertise match your organization with the right freight forwarding provider, best-fit transportation services and the right technologies to enable smarter decisions.
The results can include lower total delivered costs – even in a tariff-ridden landscape. Because Tompkins Ventures partners go beyond minimizing transportation spend to increase inventory turns, lowering warehousing and inventory holding costs. Delivering on time and in full means your organization has to expedite fewer shipments.
And end-to-end visibility offers real-time insights and dashboards, so you can manage by exception, not reaction.
Through this approach, we have helped companies:
- Save 17% on transportation costs
- Reduce transportation spend by $1 million in the first month alone
- Increase on-time deliveries to 98.6%
Let’s Move Freight Smarter
Global disruption isn’t going away. And the ability to move freight intelligently, flexibly and cost-effectively gives your business the agility necessary to navigate uncertainty, seize new markets and exceed customer expectations.
So don’t let complexity and rising transportation costs crush your service levels or your margins. Get partners that can deliver smarter freight forwarding, optimized transportation service, and measurable impact – fast.
If you want to move freight with confidence, reach out to Tompkins Ventures now. Your customers and entire transportation system and network will thank you.
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Tompkins Ventures matches your enterprise’s challenges with our network of 1000s of Commercial Partners, Capital Partners and Consulting Partners. Our toolbox is unlimited, as every Tompkins Ventures Partner has decades of experience helping companies address the five major factors for business success: Leadership, Capital, Technology, Supply Chain/Facilities and Procurement. In today’s business environment of continual disruption, even the best companies do not do everything great. Your core competency is your business. Our core competency is selecting the right Partner(s) to work with your executive teams to make good companies great. Business strategy and supply chain expert Dr. James A. Tompkins founded Tompkins Ventures in 2020. Our network is based in the U.S. but operates on all continents except Antarctica.