Small businesses might operate differently from their bigger counterparts, but online resources mean that they can still compete in the international space. Even if they lack a physical presence abroad and a billion-dollar budget, they can still make use of a sound logistics strategy in order to maintain their competitiveness.
Sourcing And Shipping Products
Businesses that are looking to source suppliers often turn to China, where suppliers of nearly everything imaginable can be found. Nevertheless, finding the right one is not always easy because of the sheer number of them competing for your business.
Sourcing is only half the battle; you then have to worry about how to get the goods where they need to be in a timely fashion. There are ways to cut costs here, but this usually requires a compromise on time. Customs and taxes can also make the process more complicated, with each country having its own set of regulations to deal with. This matter is only likely to grow even more complex as the UK breaks away from the EU.
Turning To Third Parties
While big companies have entire departments focused on dealing with the aforementioned issues, many SMEs simply lack the resources to take care of this on their own. Third-party logistics (3PL) providers can help smaller businesses deal with these matters so they can focus on growing their company. A 3PL provider will bring expertise in shipping, duties, and reverse logistics to the table, eliminating a number of potential headaches now and in the future while still allowing the business itself to retain control over all the decisions that are made.
SMEs have never been better positioned to compete on a global scale, but it’s important to take the right steps to have a truly commanding presence.
This blog post was based off an article from Small Business UK. View the original here.