Third-party logistics providers coordinate the ever-important work of transporting and tracking goods throughout the world. 3PL software makes this possible, enabling logistics providers to carry out their work with greater accuracy, improved traceability, and speed.
The year 2018 was a record one for freight markets. Shippers weathered the challenges of constrained capacity and rising rates, and worked to transform their businesses to meet new customer demands and expectations.
Logistics makes the world go ‘round, and the choice between using third-party logistics (3PL) or fourth-party logistics (4PL or leading-party logistics) is one of the most important choices you’ll have to make if you have a company that specializes in goods that have to get from one point to the next.
Lucky for us, the terms 3PL vs 4PL are pretty clearly defined in business and logistics literature.
When it comes to logistics, transparency and traceability are crucial. Blockchain is one of the latest buzz words in the world of supply chain, and it’s a word that has become synonymous with both transparency and traceability.
But what does blockchain mean and what’s it all about? Keep on reading to learn find out!