Navigating challenges and opportunities in the manufacturing sector.

June 28th, 2024

Dear reader,

I would like to share some key insights on the current challenges and opportunities in the manufacturing sector. Our latest document, "Strategic Intelligence for the Manufacturing Sector," offers a deeper insight into pressing issues and innovative strategies influencing the manufacturing industry. You can find a download link at the bottom of this article.

Geopolitical Disruptions: The Red Sea Crisis

Although less in the news, the Red Sea crisis is still ongoing and significantly impacting global manufacturing.

• Attacks on shipping routes have added approximately two weeks to transit times between Asia and Europe, causing delays and increased costs.
• Some production lines have stopped, and retailers face reduced inventories.

For the latest updates, check the following links: https://www.seatrade-maritime.com/red-sea-crisis and https://lp.gocomet.com/red-sea

Innovative strategies for customer process optimization

Despite these challenges, there are ways to improve processes and boost customer satisfaction:

• Reduce Delays: Streamline customs processes.
• Cost Savings: Proper classification of goods to minimize duties and taxes.
• Ensure Compliance: Navigate trade regulations effectively.
• Boost Supply Chain Efficiency: Improve the movement of goods across borders.
• Gain Competitive Advantage: Manage customs processes efficiently.
• Manage Risks: Proactively identify and address global trade issues.
• Enhance Customer Satisfaction: Deliver products on time at competitive costs.

Case Study: Optimizing customs fees

We helped a client in the aerospace sector recover 40% of customs fees on imported parts by managing the reimbursement process with French Customs. This underscores the importance of process optimization.

Workwear and Personal Protective Equipment

For many manufacturers, workwear and PPE are essential. We assisted a large client in finding a cost-effective workwear solution that met health and safety standards and offered greater convenience through a rented clothing service.

Next Steps: ensuring competitive advantage

Even with strong internal procurement processes, an audit can provide peace of mind and uncover potential savings. Our Belgian team is ready to help you confirm assumptions or address challenges, offering invaluable insights and solutions.

Read the full document: https://en.eragroup.com/insights/strategic-intelligence-for-the-manufacturing-sector.

Let’s discuss how we can help your business navigate these challenges and illuminate opportunities for you.

Feel free to reach out to me at pvoordeckers@eragroup.com to learn more. Looking forward to connecting with you!

Paul Voordeckers

Partner at ERA Group

www.eragroup.com