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!
The news of the biggest e-commerce site – Amazon – developing and launching its very own shipping service in order to compete with 3PLs like UPS and FedEx has rocked the shipping industry.
Though Amazon hasn’t confirmed this news, many supply analysts suspect that it is very likely going to happen.
How will this affect 3PLs, supply chain managers, and retailers?
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.