Articles
3PL Line: Third-Party Logistics Perspectives
Improving Efficiencies and Costs in the Energy Supply Chain
Maintenance, logistics, and materials management professionals in upstream and downstream production are facing challenging times. Price volatility and increasing operating costs are causing energy companies to scrutinize sourcing strategies and the costs associated with vendor managed inventory (VMI), consignment, and integrated supplier programs. Additionally, more difficult oil and gas extraction methods — such as tar […]
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Fine-Tuning Fulfillment for Happy Holidays
Black Friday, Cyber Monday, and the holiday season are fast approaching. For many companies, including retailers and online merchants, the holidays are the year’s peak sales period. With so much on the line, it is critical to be prepared. Today’s consumers have no tolerance for inaccurate orders, delayed shipments, or unresponsive customer service. They expect […]
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U.S./Canada Border Clearance: It’s Not as Easy as You Think
Many U.S. companies underestimate the complexity of shipping to Canada, thinking of it almost as an extension of their own country. Geographic proximity, shared language, and common culture leave the impression that sending goods across the border should be a breeze. Yet increasingly stringent security mandates, bureaucratic customs requirements, and a battery of taxes, tariffs, […]
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Consumer Electronics and Reverse Logistics: Play It Again
Shoppers return between 11 and 20 percent of consumer electronics devices, according to industry experts. While returns are the beginning to device recovery, all the steps in the reverse logistics process, including repair/refurbishment and remarketing, can be improved. Recognizing the importance of reverse logistics in maintaining and growing profit margins, many consumer electronics manufacturers and […]
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3PLs Can Provide Soft Cost Savings for Small Businesses
Shipping is the second-largest cost many small businesses incur, after labor. Despite the challenges they face—including high gas prices, advancing technologies, and competitive markets—small companies must continue to move products from Point A to Point B. To keep productivity high and customers happy, some small businesses seek ways to cut shipping costs, including engaging third-party […]
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6 Secrets to Finding the Right 3PL
To help mitigate a potential capacity shortage, many shippers are turning to third-party logistics (3PL) providers to help cover lanes that otherwise would be difficult to fill. If you are looking to partner with a 3PL, these guidelines can help you secure a beneficial service provider relationship. 1. Choose carefully. Until recently, Internet access and […]
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Are You Paying Too Much for Transportation? Benchmark Carrier Activities to Find Out
If you haven’t reviewed your carrier activity in the past 12 to 18 months, there’s a good chance your transportation costs are more than what you’ve planned, higher than the rates listed in your routing guide, and, quite possibly, higher than competitive market rates. Over the past year, shippers have begun to feel the pinch […]
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Trends and Predictions for 2013 and Beyond
2012 was another banner year for many in the third-party logistics (3PL) sector. Shipper procurement strategy has continued to evolve, and there are certainly some notable trends that will shape future decision-making with respect to shippers, asset-based providers, and 3PLs alike. Technology, innovation, and transparency seem to be on the minds of many in our […]
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Five Signs Your Production Logistics Needs Help
Most manufacturers experience and address common inbound logistics challenges, but one area of improvement that many overlook is the discipline of production logistics — ensuring each machine and workstation is fed with the right product in the right quantity and quality at the right time. As the crucial link that connects inbound materials to on-time […]
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Redefining the Race to Profitability Through Innovation
Every manufacturer, supplier, and U.S. business is feeling the effects of today’s tough economic conditions. It has never been more important to control costs and operate efficiently. The pressure is on for manufacturers to reduce waste, and operate in a truly lean manner. These facts are even more prevalent in the automotive sector, where profitability […]
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Air Freight Collaboration and Agility
In response to a sluggish airfreight market and generally lower cargo volumes and capacity, airfreight forwarders (AFF) are using strategic business practices and concepts to assist them in effectively managing airfreight shipments for optimal efficiency, performance, and results. By implementing collaborative and flexible logistics practices and remaining agile, managing air freight today can be a […]
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Holiday Rush Planning: How to Mitigate Risk in a Volatile Market
In today’s globalized supply chain, extended manufacturing and transportation lead times dictate that retailers complete most holiday season planning in June and July. These plans are based on the best available intelligence at the time, including consumer forecasts, retailer promotions, and the competitive landscape. Within the build window for seasonal holiday demand, the industry is […]
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Using Social Media to Your Advantage in Transportation and Logistics
With more than one billion people using social networks today, social media is forging a new era in business opportunity and engagement, creating two-way communication that enables customer feedback and response in real-time. As the transportation and logistics sector grows, it is essential to work strategically to leverage technology and media to drive efficiencies and […]
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Managing Global Complexity: The Right Tools for the Job
Henry Ford is popularly quoted as saying that his customers could have any color Model T they wanted—as long as it was black. For years, global logistics professionals using optimization could relate to Ford’s quote, because they could apply this highly respected engineering practice to virtually any shipping challenge they faced—as long as they were […]
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Nearsourcing to Mexico Improves Operational Efficiency
For years, Asia was the location of choice for low-priced manufacturing. The Asian shipping market was hit hard by the global recession in late 2008 and 2009, however, and the region became less appealing as a manufacturing site when labor costs began rising. Then, as the global economy improved, demand for product quickly outpaced supply […]
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LCL Plays Growing Role in Global Ocean Transportation
Demand for less-than-containerload (LCL) services is rising among global importers and exporters whose business models rely on cost, inventory control, and supply chain visibility. The shift to more LCL services in industries such as oil and gas (O&G), retail, and automotive can be attributed to several factors. Oil and gas fuels change: Running an end-to-end […]
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Preparing for an Ocean Capacity Crunch
Shipping lines are suffering from an oversupply of vessel capacity on key Transatlantic and Asia-Europe trade lanes. Normally, this situation would be good news for shippers, because it means they have plenty of access to capacity—and the upper hand in negotiations with ocean carriers. Shippers should be worried about the overcapacity situation, combined with rapidly […]
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5 Ways to Excel in China
China and the wider Asia-Pacific market present an incredible opportunity for businesses seeking to manufacture products, source suppliers, or tap into end markets and sell products to consumers. But a strategic business shift into China takes careful consideration, especially when it comes to supply chain, warehousing, and distribution decisions. Here are five strategies for successfully […]
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Dealing With Daily-Deal Sites
New sales channels have enhanced supply chain complexity. Consumers who wish to buy a sweatshirt, for example, can make their purchase from the local mall; a big box retailer such as Walmart or Target; a catalog; a direct-response television ad or shopping network; or a Web site. Shoppers might also receive an email from Groupon, […]
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Protecting Your Company Against Load Board Scams
Online load board scams have plagued the trucking industry for the past few years. Unfortunately, the lethargic economy means the problem will get worse before it gets better. Con artists are taking advantage of the fact that law enforcement has not made this issue a priority. Most scammers, in fact, are never prosecuted. On average, […]
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