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Full Credential Description
A US-based multinational manufacturer faced significant challenges in its supply chain, particularly as logistics costs surged to over $1 billion annually by 2022 due to market volatility and increased customer demands during the COVID-19 pandemic. The company operated with static sourcing strategies, lacked visibility across its decentralized organization, and struggled with complex transportation provider contracts. To address these issues, the manufacturer sought to revolutionize its logistics strategy and achieve operational excellence. In partnership with Ernst & Young LLP, the manufacturer embarked on a logistics transformation journey in 2022, which was strategically divided into three phases. The initial phase focused on establishing a rapid-response logistics tower to enhance visibility and develop a long-term strategy, resulting in $50 million in savings in the latter half of 2022. The second phase involved identifying strategic sourcing opportunities, which yielded an additional $120 million in savings by consolidating transportation providers and optimizing routes. The final phase concentrated on compliance and operational capabilities, leading to a significant increase in utilization compliance from 15% to 85%. Over the course of 15 months, the collaboration resulted in over $300 million in total savings, with logistics costs decreasing by 17% compared to fiscal year 2020. The strategic sourcing optimization led to average savings of 50% in ocean freight, 14% in air freight, and 13% in trucking. Additionally, the implementation of a Global Managed Transport Solution improved analytics and governance, enabling better decision-making and operational management. The transformation not only enhanced the manufacturer’s bottom line but also contributed to its sustainability goals by reducing emissions and improving supply chain resilience.
Measurable Results
Successfully completed $1B transaction
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