In the world of logistics, a large number of terms, abbreviations, and slang can confuse any outsider. To those unfamiliar, 3PL (third-party logistics) companies like Port City Logistics and 4PL (fourth-party logistics) companies like Deloitte operate similarly, yet have a few small differences that force them into different categories.
In today's world, millions and millions of business owners have realized that working with the right logistics company is imperative. This is the case for multiple reasons, including the fact that hiring the right team can optimize your bottom line while also enhancing productivity. Yet in many cases, corporate leaders and business owners find that they are unhappy with their current service provider. When this is the case, it's time to do an evaluation and determine whether continuing to work with the logistics company in question is still a prudent decision. Below you'll find four signs that you should look out for when you're trying to determine whether to change your logistics company:
Do you need to manage large shipments from around the world? We're a warehousing broker, distribution and port drayage provider in Savannah, GA. We offer a two-million square foot warehouse which is located conveniently near I-95 and I-16. Our warehouse is designed to move your large freight shipments to different places around the world.
Topics: Third Party Logistics (3PL)
Freight brokers and logistics companies (also referred to as Third Party Logistics, or 3PL) are often thought of as similar in their function, but actually have different approaches to moving freight. Small companies are often faced with the choice of using a Freight Broker or logistics company but are often confused about the differences. It's easy to do because many core functions overlap.
Topics: Third Party Logistics (3PL)
Third Party Logistics, or 3PL, is a service that is experiencing incredible growth. According to a study by Armstrong and Associates, approximately 400 of the Fortune 500 companies use 3PL, and nearly all of the Fortune 100 companies use a 3PL company in some capacity to meet their logistics needs. So what is 3PL? Is it something your company should consider using? Let's take a look at what 3PL is and why it is a service your company might need.
Figuring out whether outsourcing shipping to a single source logistics company is not always an easy task, nor is choosing the perfect partner. There are many factors to consider, from the costs of distribution and shipping to the time spent on repair and maintenance. To find if an outside 3PL (Third Party Logistics) provider may benefit your organization it helps to ask a few pertinent questions.
Beginning in the 1970’s and continuing as a growing trend throughout the 80’s and 90’s, many retailers and manufacturers expanded their operations to include logistics; seeking to manage costs by controlling inventory along the entire length of their supply chains.
Today, tech-savvy e-commerce providers like Amazon can far outpace the speed at which most retailers and manufacturers can move their goods to the point of sale. It is has become very difficult for companies to effectively compete with e-commerce providers plus manage their payroll and benefits-related expenses, as well as cope with rising fuel costs. To remain competitive, many businesses have opted to cut overhead and streamline operations by divesting themselves of their logistics operations and outsourcing freight-handling to third-party logistics (3PL) providers.
3PL stands for Third-Party Logistics. There are different levels of 3PL: the Standard 3PL Provider, the Service Developer, the Customer Adapter, and the Customer Developer.
Today, computer software programs and automation have vastly increased the ability of companies to obtain efficient, cost-effective shipping logistics. If your firm markets beverages, consumer goods, foodstuffs, retail merchandise, pulp and paper products, or chemicals through the bustling Port of Savannah, you may find some attractive cost-cutting capabilities by retaining the services of a 3PL company. Sometimes also referred to as a "TPL" (an abbreviation for the expression "third party logistics" enterprise), modern 3PL businesses help their clients save time and money. Logistics Savannah and other ports can benefit from companies like Port City Logistics.