Explore the latest industry news about third party logistics (3pls). Stay informed with trade articles by Global Trade industry experts.
A third party logistics (or 3PL) provider handles supply chain management logistics, a service that can include transportation, warehousing and delivery, but may also incorporate additional value-added services such as production or procurement. By outsourcing these functions, companies can achieve a cost savings over having to meet these demands internally. In addition to the economic benefits, 3pls can also deliver improved technical proficiency, through sophisticated IT systems that are often more advanced than those of the production or selling companies they serve. Since logistics is not a core business for many entities involved in global trade, the ability to turn these responsibilities over to a qualified 3pl provider allows companies to spend less time focusing on these tasks, and more time on the elements that made their respective businesses a success.
Supply Chain Challenges in Offshore Wind Industry
The challenges facing the supply chain in the offshore wind industry are expected to be significant. According to experts, there… Read More
How AMRs Are Fulfilling the Potential of Automation in Modern Supply Chains
Supply chains have been slow and disruption-prone in the COVID-19 era, largely because of operational deficiencies and a lack of… Read More
Top Five Strategies to Fortify Supply Chains in 2023
Developing a robust risk management strategy is vital for businesses. It enables them to tackle potential supply chain risks head-on… Read More
Securing Consistent, Realistic Income with Dedicated Freight
The trucking industry’s cyclical nature of market conditions is a constant concern. However, carriers have the opportunity to find consistent… Read More
Freight Companies are not Expecting a Robust Peak Shipping Season Come Fall 2023
For cargo carriers, the last quarter of the year is typically the strongest. Yet, the last quarter of 2022 was… Read More
Managing the Costs of Global Freight + Logistics: Ten Working & Salient Solutions – Tried, Tested and Proven!
Freight is a critical component of landed cost for both importers and exporters. It can become a serious expenditure, impacting… Read More
AIT Worldwide Logistics Introduces Critical Solutions Group Dedicated to Personalized Cell and Gene Therapy Deliveries
New team delivers patients’ cells to the right place at the right time, right temperature. AIT Worldwide Logistics is proud… Read More
Redwood Logistics Acquires Rockfarm Supply Chain Solutions, Fortifying Redwood’s Modern 4PL Services
Redwood Logistics (Redwood), one of the fastest-growing supply chain orchestration and logistics execution companies in North America, today announced the company has… Read More
From Traditional to Smart: Exploring the Evolution of Supply Chain 4.0
Imagine a world where the supply chain poses remarkable intelligence, data flows seamlessly, and efficiency reaches unparalleled heights. Supply chain… Read More
SC Ports Graduates 2022-2023 Port Ambassadors Class
South Carolina Ports congratulates 30 delegates for completing the 2022-2023 Port Ambassador Program, which provides participants a deep understanding of the… Read More
Route Optimization Key to Unlocking Efficiencies and Cost Savings in the Last-Mile
Last mile delivery is the final and often the most crucial stage in the logistics process, as it involves the… Read More
Innovations in Logistics Management for Faster and More Efficient Global Trade
Introduction Logistics management is a critical component of global trade, ensuring that goods are delivered efficiently and on time. However,… Read More
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