What do you do if you have a problem and you can't find anyone to solve it Solve it yourself.
That's exactly how Alexander Meerovitsch, managing director of Time Grand, sorted his logistics troubles. The founder of a watch business that supplies parts for Swiss-made watches and then distributes the end products globally was getting clobbered by transportation costs last year -- at a time when the financial crisis meant there were dozens of ships, trucks and aircraft sitting idle or half-empty. But when Meerovitsch tried to negotiate with the heavy-hitters in the industry, prices remained as high as they were during the boom years.
Given the downturn, he had to cut costs,...
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