3PL Logistics Companies Up Services to Continue to Meet the Needs of Shippers
When the housing market collapsed in 2008, the US and global economies went into a tailspin. Stocks plunged, layoffs became normal, and shippers scaled back operations in favor of surviving the collapse.
- Access to new markets, which demands area-specific expertise and drayage management.
- Predictive analytics, which identify the intrinsic inefficiencies in simple processes that did not warrant in-depth review in response to the Great Recession.
- Effective dashboarding capabilities, which allow shippers to gain a comprehensive view into small and large processes. For example, the Cerasis Rater enables rapid reporting, tracking of KPIs, and review of asset-allocation quickly and easily.
- Better use of asset-based and non-asset-based resources, such as dimensional pricing, forecasting, storage, kitting, less-than-truckload (LTL) and truckload usage in freight consolidation.
Although each of these needs has always been present, many shippers were able to achieve these feats through in-house solutions. However, a growing omnichannel, e-commerce market share is making shippers look to squeeze every drop from data-rich environments to leverage capabilities and services to reduce costs to the end-user. Consequently, 3PL Logistics Companies must expand their services.