In successful third-party logistics (3PL)-shipper relationships, both parties work together as strategic partners, sharing data and implementing the technology and processes that achieve results. Relationships have become even more valuable as both costs and shippers’ expectations increase.
The current state of the third-party logistics market is strong, and providers anticipate future growth potential as well as continued collaborative and positive relationships with shippers, industry analysts said this week during the Council for Supply Chain Management's Annual Global Conference in San Diego.
Two Penske Logistics senior leaders will offer their supply chain expertise at JDA’s conference, FOCUS 2015, which will be held at the World Center Marriott in Orlando, Florida, on April 26 through April 29. Andy Moses, senior vice president of global products, and Joe Carlier, senior vice president of global sales, will be appearing on panel discussions.
Carlier is part of a three-person panel that will highlight results of the 2015 Third-Party Logistics Study: The State of Logistics Outsourcing (complimentary copies available at www.3PLStudy.com). The study’s special topics are customer relationship management and mobile technologies; omni-channel; strategic workforce management; and Mexico.
Penske Logistics is sponsoring an April 2 SupplyChainBrain webcast that will highlight key components of the 2015 Third-Party Logistics Study: The State of Logistics Outsourcing (complimentary copies available at www.3PLStudy.com). Here is the registration link; it begins at 1 p.m. ET/noon CT/10 a.m. PT.
Third-party logistics providers and the shippers doing business with them are continuing to collaborate and strengthen their relationships. That collaboration is contributing to the positive results they are experiencing from their partnerships, and a majority of shippers—92 percent—reported that their relationships with 3PLs generally have been successful. Among 3PLs, that number increased to 98 percent.
The findings are part of the 19th Annual Third Party Logistics Study: The State of Logistics Outsourcing.
Penske Logistics is a first-time sponsor of this 18th annual study, initiated by Dr. C. John Langley, clinical professor, supply chain information systems and director of development, center for supply chain research at Smeal College of Business at Penn State University. There are three videos embedded within this post. Dr. Langley offered highlights of the study and Shanton Wilcox, principal, logistics and fulfillment leader for Capgemini Consulting, offered his take on global trade management. Zack Deming, principal at Korn/Ferry International, talked about smart growth leaders.
Third-party logistics providers are diversifying services, leveraging technology and investing in relationships in order to remain competitive and accommodate future business needs and challenges, industry analysts said this week during the Council for Supply Chain Management’s (CSCMP) Annual Global Conference in Denver.
Several key industry experts presented their individual survey findings during the event.
The Council of Supply Chain Management Professionals (CSCMP) Annual Global Conference in Denver is just weeks away. Penske Logistics is a major global sponsor of the event and working with other thought leaders on several key study presentations. Here are 10 hot supply chain topics you’re sure to hear about during the conference.
- Economic Growth – There are signs of improvement in the economy across virtually all modes of transportation. How will political wrangling, consumer confidence and unrest in certain regions impact the outlook for shippers and logistics providers?
- Talent Wars – Logistics providers are in the midst of a war to attract, retain and develop their top talent to fuel future growth. What strategies will they undertake to address it?
- Near-shoring & Re-shoring – Manufacturers, and subsequently their logistics providers. are moving their operations closer to the U.S. Is it boom time for Mexico and elsewhere in Latin America? What does this mean for China's outlook?
- Big Data – From mobile devices and telematics to warehouse RFID tags. There is a ton of Big Data in today’s supply chains. How are shippers and their logistics providers working together to drive efficiency and make smarter decisions?
- State of Manufacturer-3PL Relationships – Manufacturers and logistics providers have weathered some tough economic times in recent years. How have the relationships between shippers and their logistics providers changed and how are they evolving?
- Preferential Sourcing – The number of preferential trade agreements have risen sharply since the 1990s. What are the key drivers and what do they mean for shippers and logistics providers as it relates to global trade management?
- E-commerce & the Omni-Channel – Retailers continue to evolve their omni-channel strategies. How will logistics providers and retailers collaborate to reach the goals of retailers and meet customer expectations?
- Trucking Capacity & Rates – Trucking capacity remains tight. Carrier costs continue to climb for equipment, drivers and to meet tougher new regulations. Are rates poised to pop?
- Mergers & Acquisitions – Logistics providers are seeking growth. What is the outlook for consolidation in the supply chain?
- Sustainability – Logistics providers continue to help drive sustainability into their operations with truck aerodynamics, alternative fuels, route optimization, and facility improvements. But, are shippers willing to share in these costs to help drive a greener planet and reduce carbon footprint?
To learn more about these hot supply chain topics don't miss these sessions during CSCMP’s Annual Global Conference in Denver. We'll see you there!