Removals of Google Places Reviews See: Conflict of Interest 2.
Share this with your network: Over the past decade, there has been an extraordinary amount of change within the logistics industry.
From new requirements, to new competitors, new technologies, and more, the entire industry is now dramatically different than it was just five years ago. But of all the factors that have sparked this upheaval, none has been more revolutionizing than the rising demand for a superior customer experience.
In fact, the still-escalating rise of eCommerce has completely transformed the entire 3PL warehousing economic model.
Once dependent largely on a series of B2B clients, many 3PL warehouses now make the bulk of their revenue from B2C clients — most of whom are involved with some form of eCommerce. And these new B2C clients are under relentless pressure from their own customers.
Enabled by online and mobile innovations, these consumers are now requiring every retailer to provide unprecedented levels of visibility and service.
Every day seems to bring a new demand to have more products available — all of which must be delivered faster than ever before. And warehouses should be up to the challenge in delivering this experience in order to grow their businesses.
In fact, inwe predict these new levels of customer expectations will produce five specific new opportunities for 3PL warehouses to do just that. While each may require new investments or ways of thinking, we believe they will present amazing prospects to those 3PLs who are forward-thinking, nimble, and fully committed to adapting.
Our five new opportunities for the coming year are: There is no doubt this will be as big a challenge as it is an opportunity. For all of the players in the logistics industry facing the impact of rising consumer expectations, no one will be under more pressure than the individual 3PL warehouse.
This pressure will be increased by the ongoing shortage of qualified warehouse workers. In fact, according to a study by The Manufacturing Institute and consulting firm Deloitte, the manufacturing and warehousing sector is projected to fall to a startling 2 million workers short of its needs1.
The surge in eCommerce orders and B2C fulfillment in general has also created tremendous competition for warehouse space — especially on the coasts, due to the surging import and export business.
According to the New York Times, the nationwide vacancy rate stood at 5. This boom has produced an increase in new warehouse development. But the competition to rent these spaces will be fierce, as well — especially in or close to dense, built-up cities, where land is often scarce.
This combination of events will make it even more difficult for 3PLs to provide the incredible levels of service consumers now require. With few options in terms of new space or workers, 3PLs may need to adopt radical new technologies or outsourcing solutions if they hope to survive.
In terms of new opportunities and profits, would appear to be a golden age for the 3PL warehousing industry. If properly aware of the challenges, 3PLs have a massive opportunity to grow and learn from new customer requirements.
While there is pressure to accommodate customer needs, the opportunities for growth and financial gain outweigh the initial costs.Market Review: Past, Present and Future. The past, present and future market forces causing today’s extreme truck capacity shortage include: Strong Economy; Holiday Season; Winter Weather; Using a third-party logistics (3PL) provider is a less intensive way to ensure capacity.
Most 3PLs maintain extensive carrier networks and.
“Transportation, Logistics and the Law" Transportation & Logistics Council, Inc. (TLC) Fall Seminar Hosted by Lennox International Richardson, TX – October 3, Presented by Brent Wm. Primus, J.D.
More than ever before the demand for a superior customer experience is shaping how third-party logistics warehouses serve their clients. Learn how to excel with our report so that even as new requirements, new competitors and new technologies change the competitive landscape your 3PL can succeed.
Over the past decade, there has . Logistics is generally the detailed organization and implementation of a complex operation. In a general business sense, logistics is the management of the flow of things between the point of origin and the point of consumption in order to meet requirements of customers or corporations.
The resources managed in logistics can include physical items such as food, materials, animals, equipment. The Evolution of Third-Party Logistics.
July 27, | By Joseph O’Reilly. Tags: Top 3PLs Past & Present; When we look back at the history of logistics, not much changed over the eons. For hundreds of years, we moved boxes, put products on ships, and traveled all over the world.
In the past 20 years, however, the management of. Joel Klettke is a copywriter for hire and a former agency-side SEO. He works with agencies and brands to create content that won't get tuned out. Connect with him .