ALG’s Accreditation As “Global Best In Class Aerospace Freight Forwarding Network” Forms Part Of The Institute's Research On Independent Freight Forwarding.
LISBON, PORTUGAL, November 29, 2017 /EINPresswire.com/ — One of the significant early findings from the Institute’s research is the importance of networks. Network membership enables freight forwarders to form relationships with other companies, gain access to their resources and link with their activities, all critical in connecting cargo owners to supply and distribution networks.
Vertical-Specific Freight Forwarding Networks (VSFFN)
VSFFN are freight forwarding networks which serve specific industries, offering a tailored logistics solution which meets the requirements of that vertical, the members of which enjoy a higher level of communication, coordination, and control when compared with their generic counterparts.
The aviation and aerospace industries are some of the most demanding verticals for suppliers of logistics and freight services. Demand is derived from three key drivers:
1.Globalization has fueled deregulation, and open skies agreements have made it possible for airlines to build global networks. This has led to increasing demand for freight and logistics services to match the lengthening supply chain.
2.The Maintenance, Repair, Overhaul (MRO) Market which includes the overhaul, repair, inspection or modification of an aircraft was valued at US$135.1 Billion in 2015, three-quarters of the US$180.3 Billion aircraft production market. The freight and logistics support needed to keep the MRO supply chain operating on target and on time is astounding and pushes logistics service providers to the pinnacle of performance.
3.The costs of an aircraft on the ground (AOG) is estimated to be $1 million per day, including passenger compensation which must be paid for delayed and canceled flights. Responding to these emergencies results in the ultimate demonstration of time-critical shipment ability and demands the highest levels of communication, coordination, and control in the logistics process to get aircraft back in the air.
Having reviewed the development of networks in the vertical, the Institute chose the Aerospace Logistics Group as its benchmark and recipient of Global Best in Class Aerospace Freight Forwarding Network.
Founded ten years ago, ALG is the pioneer VSFFN in the industry and has grown to become a global network of independents, who together have built up a unique and uniform offering to their customers.
The principal reasons for the Institute’s accreditation:
The ALG network: trusted global network with local market knowledge
Carries out an extensive verification process on the information and references submitted by new applicants, to assure that new companies can comply with the existing network profile.
Dedicated members specifically are chosen for their exceptional performance and customer service.
Innovation in Aviation and Aerospace MRO logistics,
Demonstrate network standards which guarantee effective hands-on management.
Members demonstrate a commitment to relationships which has over time lead to the development of interdependent activities, increasing the level of mutual productivity.
Relationships are founded on strong conviction and mutual commitment to excellent service.
Members have developed personal relationships through informal daily contacts, and through formal network meetings, which in turn has generated ties that contribute to the creation of a sense of belonging and commitment to the network.
Members can provide the range of services demanded by the vertical and deliver them to an exacting and time-sensitive standard. This includes for example:
24 Hour Service
Specialist Handling Equipment
Tarmac/ Airside License Permit
Specialist Customs Clearance services.
Access to Priority Scanning
On Board Courier Capability (visas)
Spare Parts in inventory
Speaking in response to the announcement Roberto Colucci of World Cargo Italy and a founding member of the ALG said:
“I would like to thank GIL for bestowing the honor of Best in Class on our network. I speak for each member when I say that we are passionate about what we do and know how fortunate we are to play the role we do in one of the world’s most exciting industries; we have worked tirelessly to stay ahead of our customer's needs, we know that this is a truly global industry and we have developed our network in line with that.
We appreciate that the industry is subject to the highest standards by its passengers and that we as vendors, need to exceed expectations first time every time. We keep the world moving, and we will continue to do so. This accreditation encourages us to work harder and smarter to remain ahead and to continue to deserve this accolade”
Speaking in Lisbon, Kieran Ring Founder of the Institute said:
“I am delighted to present ALG with its accreditation, research on VSFFN enabled us to get an insight into different freight worlds with unique demands and specific requirements. No vertical is more demanding than the aviation vertical where logistics is driven by the economy of speed.
Airlines cannot afford to have aircraft grounded. This has led to some initiatives by airlines including pooling their resources, sharing parts inventory, etc., however, no matter how optimized the spare part distribution network, the final mile still poses the greatest challenge.
This is where ALG come in, members operate on a 24/7 basis reflecting the mission-critical nature of their work. KPI’s are measured in minutes, parts frequently travel accompanied by onboard couriers, security cleared to deliver parts directly to aircraft on the apron. Failure is not an option and to survive and thrive in this world dependability is the key.
Combine the agility needed to deliver mission-critical with the other challenges faced by ALG members including jet engine delivery and spare part logistics needed for the MRO process, and you begin to see that freight forwarder who specialize in this vertical are a different breed to their generic counterparts.
ALG has matched the global reach of their customers with their worldwide footprint, a network of best of breed independent forwarders, committed to meeting the exacting standards of their peer group and customers. ALG operates to stringent standards and mutual accountability, which underpins its operation.
Forwarders that occupy a seat at this table know the rules, there is nowhere to hide, planes are waiting, people need to get home and every hour saved means $100,000 to the bottom line. There are no second chances and from what we can see ALG members don’t need them.”
Global Institute of Logistics
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Source: EIN Presswire