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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, which resulted in $50 million in savings in the latter half of 2022. The second phase involved identifying strategic sourcing opportunities, leading to an additional $120 million in savings by consolidating transportation providers and optimizing routes. The final phase emphasized compliance and operational analytics, which improved utilization compliance from 15% to 85% and provided tools for ongoing cost management. Overall, the collaboration with EY resulted in over $300 million in savings within 15 months, with logistics costs decreasing by 17% compared to fiscal year 2020. The transformation not only improved the manufacturer’s bottom line but also enhanced its sustainability efforts by optimizing transportation modes and reducing emissions. The implementation of a Digital Logistics Hub equipped the company with 20 dashboards for tracking logistics performance, further driving accountability and compliance across its operations. This comprehensive approach positioned the manufacturer to effectively manage its supply chain and respond to future market disruptions.
Measurable Results
Successfully completed $1B transaction
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