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Enrique Alvarez: Logistics Drives the World's Economy
Enrique Alvarez is the Co-Founder and Managing Director of Vector Global Logistics, a certified minority-owned supply chain and logistics company dedicated to world-class service, a results-only mindset, and social impact.
Based in Atlanta, Georgia, Vector's success is built on its results-based, positive workplace culture, and philanthropic mindset that has had a growing impact in the supply chain process.
Vector is a non-vessel operating carrier. That means the company doesn't own any assets (ships, trucks, etc.) but provide logistic services. It has the ability to sign contracts with steamship lines, which own the vessels and some of the containers.
Alvarez explains, "You contract a certain number of containers or space in certain lanes or port lanes, and then you're committed to shipping as much as you say you're going to ship with them. In return, they give you a preferential rate that you can then mark up and sell to your customers, making the profit that you need to run the company and grow it."
Logistics is a relationship-
Supply chain management is a lot more than shipping from A to B. Tracking and tracing requires interconnectivity between suppliers and end users with inventory management software The kind of software that you have speaks highly of the potential you have as a good logistics provider.
People are more aware of logistics because of the pandemic. It has given logistics more exposure. When something is out of stock, they are more aware of where it comes from, and how long it might take to get there.
Customs clearance, packaging, inventory management, ocean shipping, port congestions, lack of trucking, lack of drivers, lack of equipment, and chassis shortages. These are now household concerns.
The full interview: https://www.youtube.com/
Locker Room for Growth plants seeds of inspiration. The web show features interviews with dynamic notable individuals and gets to the human side of various topics. Debbie Elicksen is a writer and publicist.