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So, here is my invented future for 2015, starting with my most audacious prediction: Google will acquire a logistics service provider (3PL) and/or a logistics software vendor. Competitive threats, for both 3PLs and their customers, will cause them to transform the way they work together — that is, they will take a more Vested approach.
Market Review: Past, Present and Future. The past, present and future market forces causing today’s extreme truck capacity shortage include: Strong Economy. 3PL Support. Using a third-party logistics (3PL) provider is a less intensive way to ensure capacity. Learn other benefits of 3PL’s capacity support.
Click to register for this free webinar: Selecting a 3PL: 8 Things the Great 3PLs Do (Wednesday, February 12, 1:00 pm – 1:30 pm). Companies with logistics needs are increasingly using 3rd party logistics providers (3PLs). Contracting with a 3PL is a great choice as long as you pick the right 3PL.
How 3PLs Can Gain Visibility and a Competitive Advantage Offering Automated Billing and a Self-Service Interactive Customer Portal It’s hard to imagine a third-party logistics (3PL) business today operating without some form of a warehouse management system ( WMS ) connecting the digital dots.
Weber Logistics has been named as one of the winners of this year’s Top 3PL & Cold Storage Providers Award. The award is presented by Food Logistics , the only publication exclusively dedicated to covering the movement of product through the global cold food supply chain.
Likewise, supply chain disruptions, DOT regulations, and driver shortages are ever-present issues. As for 3PLs and asset-based transportation providers, their roles have become more defined and more competitive than ever. Despite challenges, the industry appears poised for growth, with most carriers expecting to add drivers in 2025.
Inventory tracking and visibility must be present from the first mile through the final mile, reflecting the entire shipment lifecycle through white glove services. That’s where automation within 3PL-driven systems can add value. Indicator 2: Freight Spend Seems to Be Spiraling Out of Control.
I’ve been asking audiences that question the past few months whenever I give keynote presentations because it opens the door to other questions, such as How do you know if you work in a Company of Yesterday? I raised those questions in my keynote presentation last month at the Accellos Visions User Group 2013 conference.
If you are a logistics manager seeking options for a partnership with a 3PL services provider or looking to optimize the 3PL solution, then understanding the expansion of the holistic approach that some 3PLs offer will help you select an option that best suits your company. A 3PL Services Partnership Drives Value.
For 3PL providers, this change presents some serious opportunities. The logistics and warehousing markets are growing and changing fast. With the right business strategy, third-party logistics providers can likely secure…
Although 3PL Logistics Companies or 3PLs were around before the recession, companies realized the short-term savings of outsourcing logistics, transportation, and freight management to 3PLs quickly, and the age of the rise of the logistics provider was born. Client Needs of 3PL Logistics Companies.
This post is from a press release sent to us regarding the recent survey of the 3PL industry. This survey continues to point towards the success 3PLs are having for their clients. As you know, the word 3PL conjures up over 50 shades of grey in the types of answers you will receive. percent and 11.50 percent, respectively.
On top of that, my colleague, Clint Reiser, and I are wrapping up our omni-channel fulfillment survey, with an upcoming presentation at the annual CSCMP show in September. The post This Week in Logistics News (July 19 – 25) appeared first on Logistics Viewpoints: A Blog for Logistics, Supply Chain, and 3PL Executives.
One of the business models in the 3PL industry that continues to gain traction and evolve is the agency/franchise model, and the panelists will share their perspective on this model — Why adopt it? What benefits and challenges does it present? 3PL convergence MercuryGate third party logistics'
While large national networks comprise a significant percentage of transportation service providers' shipping options, several challenges present if these are the only OTR freight transportation sources considered, including. Leverage Regional Carriers by Working With a Full-Service 3PL to Achieve Maximum Trucking Efficiency.
For third-party logistics (3PL) providers, this shift presents a valuable opportunity to help clients turn returns into revenue through smarter operations, better data, and strategic partnerships. Let’s explore how 3PLs can help to better make returns a more affordable and profitable opportunity through reverse logistics.
Managing logistics as a mid-sized shipper presents many unique challenges. Here are 3 ways a 3PL can help. If your spend is $200MM or less per year, chances are a 3PL can improve your negotiated rates for Truckload, LTL, and small parcel. And, when it comes to freight, more volume translates to lower rates.
The new JDA is also taking a more focused approach to the third-party logistics (3PL) market, which is one of the three core vertical industries the company is organized around (Manufacturing & Distribution and Retail & Services are the other two). I led one of the panel discussions — 3PLs, What Business Are You In?
In response, more shippers have ditched their practices of working with carriers directly for third-party logistics provider (3PL) partnerships. Be present, and make your company extremely transparent to your customers. What Can Shippers Do to Improve Customer Experience? Alight shipping strategy with retail strategy.
Third-party logistics (or 3PL) providers, are standing on the brink of breakout growth. The global 3PL market, valued at $728.6B While 3PL providers want to adapt to this new market opportunity, their existing logistics operations often have a hard time keeping pace with these growing demands. BILLION by 2025.
A few weeks ago at the Transportation Marketing and Sales Association (TMSA) Annual Conference , I gave a keynote presentation challenging third-party logistics providers (3PLs) to take a broader perspective of their business. The post 3PLs Need to Take Broader Perspective appeared first on Talking Logistics with Adrian Gonzalez.
For those of us in the 3PL industry, there is nothing more fulfilling than managing a successful business relationship. When a company decides to outsource its logistical needs to a 3PL, the success or failure of the venture will be determined by how well the two companies work together. Business on the Move: 3PL in a box.
Complexities of the Modern Logistics System No matter what role you play in the supply chain — whether as a manufacturer, a retailer, a distributor, or a 3PL — managing the influx and outflow of goods at your docks presents numerous logistical challenges.
And if you require the support of your technology and 3PL partners to accomplish your initiatives, then you should attend their user conferences and schedule meetings with their senior executives to let them know what’s working well and what improvements they can make to better serve you. LogiChem US 2018 , November 12-13, Philadelphia, PA.
What is a 3PL? Benefits of using a 3PL article and permission to publish here provided by Janelica Jenkins. However, the 21st century logistics market presents more than its fair share of unique challenges, and the truth is that it’s often simply not realistic to address them in-house, particularly for small and medium businesses.
This blog is co-authored by Raj Patel, Senior Director Global Industry Strategy 3PL; Terence Leung, Senior Product Marketing Director; and Nina Seth, Product Marketing Director. Retailers and manufacturers now expect their 3PL partners to deliver better, faster and cheaper services while providing additional value-added services.
He is a sought-after speaker and have presented at NRF, eRetail West, and TEDx. The company has an impressive track record of delivering cutting-edge 3PL solutions that help businesses of all sizes to optimize their supply chain and e-commerce operations, reduce costs, and increase profitability.
The best practices presented below represent strategies to optimize freight and in turn, achieve cost savings without reducing service levels to customers. Communicate with Carriers and Your 3PL Your Plan, Issues, and Needs. The objective of this solution is to maximize the distance shipped with lower truckload rates.
NTT Data and Penske Transportation Solutions present the 2023 27th Annual Third-Party Logistics Study. How is the 3PL market right now? It’s a snapshot of a global market preparing for the future through the continual advancement of its core mission.
Our strategy was to lead with shippers, then onboard their vast networks of carrier, broker and 3PL partners. When we launched FourKites more than seven years ago, we were maniacally focused on signing up as many of the world’s largest shippers as we possibly could. More users = more data = more potential value.
I always dreamed of having a painting made of that poem, and my dream came true last night when my youngest son gave me this birthday present he made for me: Twenty five years later, I’m finally starting to know it. That said, not all 3PLs are created equal when it comes to IT. So, how can you determine if a 3PL is ahead of the curve?
In this article, we explore Invoice Reconciliation tools as a core piece of every digital 3PL/freight brokerage’s operations. This is both limited and costly: It could involve a procurement company, which a freight broker or 3PL may actually compete with. Digitize Invoicing to Eliminate Errors and Guard Cash Flow.
The conference content included both the vision for these capabilities in the broader Körber offering, as well as presentations by companies that utilize this platform in conjunction with other Körber products, such as one of its warehouse management systems.
Present yourself as a solution. Or 3PL Cerasis , who gained 98 customers from its content marketing efforts? Be professional, quirky, clever, ahead of your time, youthful, wise, funny, off-color — whatever your brand is, you can set that reputation by what you publish online. Take two examples under consideration.
In this post, I will outline how to select reliable core carriers and find the right third party logistics provider (3PL) for your business. Select the perfect 3PL to augment your truckload strategy. You might ask, “Do I need to limit myself to only one 3PL?” Most of the time, yes — one 3PL is ideal. Risk control.
One option is to use a cross-border delivery 3PL provider. In those services, the retailer needs to understand what will be provided and how to present it to the consumer. Retailers need to review the cross-border services that they are going to use. Companies like FedEx, UPS, and Pitney Bowes offer this service.
Bulk Imports Less Affected (For Now): If you're bringing in larger shipments to your own warehouse or a 3PL, the impact of the de minimis rule change is less direct, as tariffs are assessed on the cost value of the bulk shipment. This is HUGE for anyone drop-shipping directly to consumers.
Logistics is no longer a conversation between a 3PL and their client; the end consumer has a permanent eavesdropping position that needs to be respected and catered to. Don’t take your 3PL provider’s posted delivery targets – particularly general maps of the US – for granted.
The customers at the conference included very large food & beverage companies, the largest 3PL in the world, and companies from other industries as well. In fact, part of Mr. Wakefield’s presentation involved coaching prospective customers on the arguments that can be made to IT. Overcoming the Objections of IT.
Holiday kitting isn't merely about bundling products; it's about crafting experiences that sparkle with the same joy as a perfectly selected and wrapped present. However, upstream kitting does present notable challenges. This is the first blog post in a series on the tactics and benefits of deploying a comprehensive kitting solution.
6) Partner with 3PL : the reason Zappos can improve the delivery speed is to partner with 3PL. They have a warehouse very close to 3PL''s hub. 3PL will automatically upgrade the service from "ground" to "next day delivery" if cargoes volume of next day delivery in particular day is low (in order to drive the economy of scale).
I’ll be presenting these results at eft’s 3PL Summit, June 16th through […]. For my part, I was just providing a short preview of the results I’m starting to see from my survey surrounding the best ways to improve warehouse performance. Supply Chain Network Design Warehousing'
In fact, the audience stole my thunder a few times by raising points I had planned to discuss later in my presentation. Tweet The post 3PLs, What’s More Valuable Than Another Twitter Follower? 3PL Leadership Development Supply Chain Risk Management C.H. The highlight of the forum was the customer panel session.
Third party logistics (3PL) and outsourcing of nearly every conceivable logistics function is a known, proven, and highly mature strategy that delivers near immediate financial and operational performance efficiencies that assist companies to reduce costs and improve supply chain performance. Global 3PL revenues grew to $676.9
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