The Official Blog of Penske Transportation Solutions

The 2021 25th Annual Third-Party Logistics Study shows that shippers and their third-party logistics providers are working together to create positive relationships as well as a competitive advantage. Additionally, shippers have high expectations of what they need from logistics providers, and 3PLs are responding with increased technological and digital capabilities, improved service levels and greater efficiency.

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Those within the C-suite are facing several transportation-related challenges in the current economic climate. Still, shippers and transportation providers can use technology to optimize their supply chain and increase efficiency.

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Visibility is increasingly vital in the supply chain, but even more so when there is a risk of disruption or during a recovery. Visibility allows those within the supply chain to get ahead of an interruption, potentially mitigating problems before they occur. It also enables a rapid response and correction to keep operations moving when issues do arise.

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Penske Logistics’ Senior Vice President of Global Products, Andy Moses, will speak at the EFT 3PL & Supply Chain Summit June 10-12, in Atlanta, Georgia.

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A group of Penske Logistics associates recently attended the Blockchain Supply Chain Summit in the Schreiber Center at Loyola University in Chicago. This year’s summit attendees included representatives from the business, academic, tech and consulting communities. Penske gave the leadoff presentation at the conference, titled Blockchain Empowered Interoperability: A Single Efficient Tech Ecosystem.

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The prominence of supply chain management in the boardroom continues to grow, and there are some great reasons. Let’s start with the relentless corporate quest for year-over-year cost reductions. Then there is the competitive opportunity side, where supply chain agility enables a business to gain an advantage over others in their industry. Finally there is the risk management side of the equation, where the mitigation of potential supply chain disruption is a top priority.

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