Cutting transportation costs has continued to be one of the greatest strategic challenges in global logistics, but there are many more to take note of as you form your strategy for 2019. The following list includes the top logistics challenges that businesses should be prepared to overcome this year. If you are currently experiencing any of the following setbacks, working with a third-party logistics (3PL) provider can help. Here’s what you need to know about the challenges faced by the logistics industry today and where you can find effective solutions.
You are likely familiar with the term “third-party logistics,” or 3PL, especially if you have read other articles on this site. You may not, however, be familiar with the concept of “fourth-party logistics,” or 4PL. This is understandable, since 4PL comes up much less often. It is important to know how to recognize and differentiate between these two types of services since they have very different uses when it comes to your own logistics operations.
What Are Fourth-Party Logistics Services?
Picture a bicycle wheel, with each spoke representing a different part of the supply chain or fulfillment process. One spoke is for business management, one