One of the trends that shippers are noticing recently is the increase in trucking expenses which are making it more difficult to ship things.
There are two primary travel expenses that are on the rise – the cost of labor and the cost of fuel. The truth is though, these are always the two expenses that are rising and costing the most. But these days, and is even more pronounced and the rate in which they are rising is higher than it has been in decades.
This puts a great deal of pressure upon manufacturers and shippers to raise the price of their products and services in order to afford trucking expenses.
Right now, tech giants like Amazon and Uber are causing major problems within the logistics industry. This is not all that surprising, considering that the global logistics industry is worth around $8 trillion. That makes it one of the most attractive markets out there.
If you want to continue shipping your products and getting them there on time so that your customers keep coming back, you are going to need to have a strong relationship with your third-party logistics.
More and more companies are starting to use 3PL for their transportation needs. With supply chains becoming more complex all the time, ensuring that things get where they are supposed to go is pretty challenging.
As your business grows and you have more customers to please and more on your plate, it can become difficult to handle transportation management on your own.
In order to keep your customers happy and ensure that they receive their orders in a timely fashion and take some of the burden off of your shoulders, outsourcing your transportation management to a reputable 3PL is a wise idea. Doing so can also help to minimize transportation costs, which can help your bottom line.