One of the biggest challenges of a physical product business is just that - physical products.
Sourcing, shipping, and managing inventory is a complex operation that can frustrate beginners and pros alike.
But it needn’t be insurmountable challenge, and there are strategies you can use to run an efficient and profitable supply chain operation.
In this week’s episode of the Brand Builder Show, we sit down with supply chain expert Afolabi Oyerokun.
We talked about how to save costs when shipping overseas, optimize efficiency when working with a 3PL, building a moat around your business, and much more!
00:00 Introduction to Guest: Afolabi Oyerokun
00:58 Background of Afolabi
07:02 Afolabi’s favorite five
11:01 Standing out with product innovation
13:29 How do people build moats in their products
14:42 Opportunities for sellers to go in and build a moat around their product
18:54 How much innovation is too much innovation
20:26 Overcoming the resistance coming from your manufacturer
22:52 Cost of mold process and when does it become worth it
25:35 How to protect and prevent others from using your mold
27:39 Insights on optimizing the 3PL strategy
34:31 Saving cost on 3PL
40:09 What will Afolabi do differently if he will start all over again
42:43 Where to find Afolabi
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