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.
Warehouse Automation: Reflections on the Past Year and Predictions for the Year Ahead
Supply chain leaders at U.S. retail and e-commerce companies operating globally are adept at transformative change. Many navigated the pandemic’s… Read More
Port Strikes on US East Coast will Cause Major Supply Disruption into 2025
Ripple effects of strike action at ports on the US East and Gulf coasts will cause severe supply chain disruption… Read More
Jeddah Islamic Port: Driving Saudi Arabia’s Vision 2030 and Global Trade Expansion
Jeddah Islamic Port, a key player in Saudi Arabia’s maritime landscape, is central to the Kingdom’s Vision 2030, thanks to… Read More
Port Strike Impacts on Backlogs and Delays
Strike duration at all ports Estimated timeline to clear backlog 1 day 7 days 3 days 21-25 days 7 days… Read More
Applying Experience with Restaurant Chains, Rethinking Food Service Supply Chain
Imagine this: It’s Friday night, your restaurant is buzzing, and suddenly, you run out of a critical base ingredient. Your supplier… Read More
Silk Way West Airlines Named Global Air Cargo Partner for COP29, Reinforces Sustainability Commitment
Silk Way West Airlines, a leading cargo airline in the Caspian and Central Asian regions, has been appointed as the… Read More
Port Freeport Marks Historic Milestone with Zero Tax Rate Adoption
In a landmark decision on September 12th, Port Freeport’s Commission voted to adopt a zero tax rate for the first… Read More
TT Club Innovation in Safety Award Now Open for Groundbreaking Entries in Cargo Transport Safety
The TT Club, in collaboration with ICHCA, has opened entries for its annual Innovation in Safety Award, recognizing those who… Read More
Overcoming Uncertainties in the Maritime Sector
The marine industry is vital to the UK’s economy, contributing £116bn in total turnover in 2019. However, recent events such as… Read More
C.H. Robinson: How Shippers can prepare for a Potential ILA Strike Amid an Increasingly Disrupted North American Shipping Landscape
C.H. Robinson’s Mia Ginter, director of North American Ocean, provides insights into the pending ILA East and Gulf coast port… Read More
Logistics Industry Sees First Positive Growth in Two Years, TIA Reports Show
The Transportation Intermediaries Association (TIA), the leading organization representing transportation intermediaries in domestic and international commerce, has released its Q2… Read More
Supply Chain Resiliency and Strengthening Supply Chains
Fortifying Supply Chains: How to Navigate Today’s High-Risk Global Trade Landscape Efforts to make supply chains stronger are as old… Read More
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