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Ben Steffes and Joe Lynch discuss 3PL outsourcing trends. Key Takeaways: 3PL Outsourcing Trends Ben Steffes is Vice President of Managed Services at Coyote Logistics, a leading global third-party logistics provider. For the study, Coyote worked with a 3rd party research firm to survey over 500 supply chain decision makers.
His expertise includes strategic planning, brand positioning, advertising, public relations, website strategy and design, and development of white papers, case studies and other content. LMA’s approach recognizes that logistics services today are BOUGHT, not sold.
Fewer decisions are bigger than deciding whether to operate a private fleet or outsource. In contrast, others find that outsourcing their transportation gives them better insight into the market while reducing costs and creating efficiencies. Private fleets or outsourced logistics? PRIVATE FLEETS OR OUTSOURCED LOGISTICS?
A major theme of the 2021 25th Annual Third-Party Logistics Study, which was released today at the Council of Supply Chain Management Professionals (CSCMP) EDGE virtual conference today, focused on how supply chains have a clear focus on reinventing themselves, in light of the ongoing COVID-19 pandemic.
Asset-based transportation firms continue to aggressively diversify their businesses, according to the recently completed 2014 TMW Transportation and Logistics Study. The results of our latest survey also highlight the improved financial performance enjoyed by many transportation service businesses over the preceding year. […].
This post is from a press release sent to us regarding the recent survey of the 3PL industry. This survey continues to point towards the success 3PLs are having for their clients. Survey Points to Continued Success of Shippers and the 3PL Industry. No matter what type of 3PL there is, each brings value to their customers.
At the close of 2016, the 21 st Annual Third-Party Logistics Study found the overall use of third-party logistics providers ( 3PLs ) is increasing, but the types of logistics services utilized indicate the industry is entering a shift in how it operates. 3PLs and Shippers Report Positive Partnership Outcomes.
The survey is now live for the 2021 Third-Party Logistics Study: The State of Logistics Outsourcing, and we are seeking input from supply chain professionals. Please use this link to take the survey that closes on July 31. Previous studies can be viewed at www.3PLStudy.com. 3PLStudy.com. By "Move Ahead" Staff.
Penske Logistics is once again sponsoring the 2019 Third-Party Logistics Study: The State of Logistics Outsourcing, and we’re asking supply chain professionals to offer their thoughts as survey participants. The study is a collaboration between Penske, Infosys Consulting , Penn State University and Korn Ferry.
Last year the ARC Advisory Group did a study on the ROI a shipper would get by having their transportation managed by a third party logistics firm. Survey results indicate that MTS relationships are generally successful from both freight savings and service level perspectives.
The National Private Truck Council 2021 Benchmarking Survey Report provides fleets with new industry standards to evaluate performance and identify opportunities for improvement. The 2021 NPTC Benchmarking Survey Report, which is sponsored by Penske, captures critical metrics from the 2020 calendar year, which was a time like no other.
Logistics outsourcing is frequently “sold” on the dollars and hours it saves a business compared to its in-house operations. Yet those business goals are also a key consideration in logistics and logistics outsourcing. Neither the client nor the logistics services provider make the most of the logistics outsourcing agreement.
The following five mini case studies explore a few high-profile companies that have managed to sustain their supply chain cost-reduction efforts and keep expenses under control. Several poor outsourcing decisions had led to excessive 3PL expenses. Findings included the following problems. Sunsweet Growers.
For the future of logistics outsourcing , there are two possibilities: either guess it, or invent it. Customising logistics outsourcing to each business unit. Leading on from the concept of developing a separate supply chain per business unit, the separate logistics outsourcing solution is the next logical step.
A 2016 study by 3PLstudy.com showed that 83% of 3PL respondents felt that using a logistics partner directly contributed to better relationships with their clients and 70% reported declining logistics costs. Study participants represented manufacturing, retail, food & beverage, pharmaceuticals, and other industries.
Before the pandemic, in a study of logistics providers conducted by Fraunhofer IML, among those embarking on digitalization initiatives, only 25% of logistics providers in the Fraunhofer IML survey are leveraging digital technologies to think outside the box and reinvent their foundational delivery model.
By contrast, the third-party logistics model is where a manufacturer retains oversight of its supply chain but outsources such processes as warehousing, shipping, packing, and distribution to a 3PL provider. This outsourcing allows the company to focus on its core manufacturing business and higher-value projects. What is 3PL?
In an era where technology is continuing to migrate consumer spending habits online and away from brick-and-mortar stores, the newly released 2019 Third-Party Logistics Study (#3PLStudy) highlights how supply chains are also going digital and using science to keep pace. The publication, available at no cost at www.3PLStudy.com
Penske Logistics is seeking input from supply chain professionals to participate in the 2022 Third-Party Logistics Study: The State of Logistics Outsourcing. The survey is now live and will close on July 2. The study is a collaboration between Penske Logistics , NTT Data Services and Penn State University. 3PLStudy.com.
The survey is now live for the 2020 Third-Party Logistics Study: The State of Logistics Outsourcing, and we are seeking input from supply chain professionals. Please use this link to take the survey that closes on May 17: [link]. Previous studies can be accessed at www.3PLStudy.com. Clean Logistics. 3PLStudy.com.
Nearly 60 percent of those surveyed reported waiting for longer than two hours on each load. This is in line with data collected by a DAT solutions survey showing that 63 percent of drivers say they spend more than three hours waiting when loading and unloading. Freightwaves also collected data on driver wait times. billion to $1.3
Additionally, by employing an outsourced provide of freight accounting services, a company can save 2 percent to 5 percent of their total freight bill by catching inaccurate charges or duplicate payments. Inform yourself on these trends by downloading the Capgemini/Penn State/Panalpnia 2013 18th Annual 3PL Study.
The lean manufacturing revolution of the 1970s, the outsourcing trend of the 1990s and the automation of the 2000s set the stage for the digital transformation we are seeing today. For instance, a Canvas survey found that 33 percent of manufacturing companies are now using mobile customer relationship management (CRM) apps.
The survey is now live for the 2020 Third-Party Logistics Study: The State of Logistics Outsourcing, and we are seeking input from supply chain professionals. The post Seeking Supply Chain Practitioners to Take Part in 2020 Third-Party Logistics Study appeared first on 24/7 Customs Broker News.
Shippers most frequently outsource domestic transportation, warehousing, international transportation, customs brokerage, and freight forwarding. Less frequently outsourced activities continue to be those that are more strategic and customer-facing. November 13, 2018 | By Inbound Logistics Staff.
The National Private Truck Council's 2024 Benchmarking Survey found that shipments and volume increased last year as private fleets positioned themselves as a value-added transportation solution. Tracking Key Performance Indicators NPTC's Benchmarking Survey, which is sponsored by Penske , provides metrics in several operating areas. “As
One of today's trends to solve this problem is outsourcing logistics or using third-party logistics (3PL) to manage complex distribution requirements. Levels of Outsourcing • Transactional: Based on transactions, with no long term contracts and no bonding between the 3PL and the outsourcing company. Exel is one of them.
Supply Chain 2014 Infographic: The State of the Supply Chain: I recently came across an interesting infographic from SAPinsider and insiderPROFILES that showcased a survey around the State of Supply Chain 2014. The survey, conducted in late 2013, asked supply chain management (SCM) professionals about their priorities for the coming year.
The latest Trade in Transition study, commissioned by DP World and led by Economist Impact, captured the perspectives of company leaders as they navigate the latest disruptions to global trade – from the conflict in Ukraine to inflation and extended covid-lockdown policies in some markets.
Some 81 percent of those surveyed in an IT study carried out in 2021 with 1,451 decision-makers reported that they were seeing more cyber threats during the pandemic. According to the study, however, companies place a low priority on cybersecurity, despite the fact that their IT departments have recognised the elevated threat level.
Our team recently concluded an industry study of Customs broker competency in HS classification. In many of the brokerages included in our study – the average was 1.2 A brief note on how this survey was conducted. It is not recommended to take this survey as an accurate reflection of industry standards.
According to the survey taken by Supply Chain Insights, it was the companies who could manage their talent better than their peer groups that gained the cost advantage. With the flurry of M&A, industry consolidation, outsourcing, and downsizing, the gaps for North American manufacturers are increasing,” says Cecere.
Zebra Technologies , a market leader in rugged mobile computers, barcode scanners and barcode printers enhanced with software and services to enable real-time enterprise visibility, has announced the results of its Future of Fulfillment Vision Study. Key Survey Findings.
Some 81 percent of those surveyed in an IT study carried out in 2021 with 1,451 decision-makers reported that they were seeing more cyber threats during the pandemic. According to the study, however, companies place a low priority on cybersecurity, despite the fact that their IT departments have recognized the elevated threat level.
Outsourcing the Right Way. Well over 80% of organisations outsource some part of their Supply Chain and Logistics operations. And be prepared to manage the outsourced contract effectively. Outsourcing does not mean merely handing the problem to someone else. If you haven’t already, survey them!
According to a study conducted by the global technology research firm Gartner , 38% of supply chain executives worry that their companies are not set up to handle the problems that lie ahead for the next two years. There is much to be done, and we must act immediately.
Studies show that in some areas, around a third of companies that were unable to fill all vacancies did not receive a single application. As studies show, young people place a high value on flat hierarchies and want modern IT systems in their day-to-day work. The experts at Gartner are convinced that this trend will intensify.
According to the survey, companies’ top reasons for looking externally for employees are a need for a new employee skill set to accommodate changes in strategy, updates in technology and innovation, and lack of “bench talent” (or internal employees) to move up into larger roles. The Light at the End of the Tunnel.
John Langley, a professor at Pennsylvania State University and author of the 23 rd Annual Third-Party Logistics Study: The State of Logistics Outsourcing, and Balika Sonthalia, a vice president at A.T. The 3PL Study is produced by Dr. Langley and Infosys. Please visit www.3PLStudy.com Please visit www.3PLStudy.com
At our seminars I often share case studies demonstrating the impact of not getting this right. By simply including logistics activity in the rating criteria for customer service surveys, more companies would realise that some of their customers are being over-serviced while others feel that customer service in logistics is poor.
According to a 2017 Logistics Trends and Insights survey, 58 percent of respondents believe digitization of all services will be the most common improvement among freight forwarders in the next five years. One Gartner study found that strategic supply chain outsourcing can save companies up to 20 percent of their costs over five years.
Outsourcing Services. Application Outsourcing. Infrastructure Outsourcing. Business Process Outsourcing. Case Studies. |. According to a National Retail Federation survey conducted by BIGresearch over this weekend, traffic and spending were up both online and in stores, reaching historic highs. Offerings. |.
Today, global supply chains are incredibly complex, with myriad suppliers both direct and indirect, lots of outsourcing and many companies touching just a piece of the process, many middlemen and more.
See www.vestedway.com for information on the model and case studies that show how others have benefited from creating a Vested deal.
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