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Reverse Logistics for the Holidays

3PL Insights

The global reverse logistics market is expected to grow to $603 billion by 2025, so developing a strong reverse logistics strategy is important. What is Reverse Logistics? Reverse logistics is returning a product from the end user back to the supplier, manufacturer, or distributor.

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The 2024 Third-Party Logistics Study: Shippers, 3PLs Draw on the Power of Partnerships

Penske Move Ahead

Shippers and third-party logistics companies are forming strategic partnerships and working together to improve decision-making, manage costs and increase agility. The study, which was released Oct. Demand for reverse logistics and returns volume is growing, and reverse logistics remains integral to supply chain management.

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3PL Industry Trends and a Forthcoming Identity Crisis

Logistics Bureau

He suggested that businesses are more likely to prosper if they focus on meeting the needs of customers, instead of selling products. The first thing for any 3PL to do is to understand the nature of its market and the need it meets. Like other valuable contributions to marketing or other fields, Levitts premise was simple.

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The Evolution of Retail and Customer Expectations

Talking Logistics

As the evolution of retail and the way consumers purchase goods continues to change, meeting the challenge to effectively serve both consumers and retailers is a strategic challenge for both shippers and carriers. A recent study found that the average length of time consumers are willing to wait for free shipping is 4.5

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Last Mile Shipping Success Requires a Holistic Approach

Talking Logistics

A recent study from The American Transportation Research Institute showed that many companies are trying to move fulfillment closer to their customers. To meet these needs, supply chain strategies need to focus on “right-size” fulfillment footprints. The average length of haul is declining with the shift toward ecommerce.

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Value-adding Features of a Great Freight Rating System Within a TMS

GlobalTranz

Shippers and 3PLs can select the best rates from a range of carriers to meet their needs. Be satisfied that the system meets a company’s requirements across all types of freight. Only 35 percent of shippers use TMS to manage operations, according to the Logistics Management’s 2014 Technology Usage Study.

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Bringing Order to Chaos: Last-Mile Delivery Costs and How to Reduce Them

Locus

Naturally, the costs of meeting such expectations, especially on the delivery front are also increasing. The biggest challenge that logistics providers face is rising last-mile carrier delivery costs. Read also: Tackling Vehicle Idling in Last-Mile Logistics 4.