As customers continue to demand more from their trading partners, it is placing upstream pressure on supply channels to remove cost from the supply chain. In the face of the steady run-up in manufacturing and logistics costs, the old strategies for cost containment no longer have the same punch. At the same time, companies in the process industry have had to cope with rising manufacturing and logistics costs. To offset a 7.96 percent increase in logistics costs (what the average company has experienced in the past two years - and even higher in the more recent past), companies need to develop a clear roadmap to optimize their supply chains.
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