Posts tagged ‘economic’
3PL’s in Asia are still, on average, behind the USA in take-up of technologies like EDI, scanning and RFID. They are however rapidly catching up.
They are also very focused on a flat world. As the manufacturing hub of the world Asia is truly thinking and acting globally. Those US (or European or Australian) service providers with partnerships or informal relations in Asia will grow their business on the back of those arrangements. Those providers who are focused inwards will miss the opportunities.
By getting in now, making contact with local providers and assisting them through knowledge and technology transfer, long term relationships can be built that will be profitable for all players.
Read this full publication on the asian market written by our executive director Geoff Hukins: click here
In the current market the 3PL provider has two choices, substantially increase revenue from value added services or struggle to survive in a storage focused world with diminishing inventory.
Arguably the recession is over, but this one is different. Unemployment is still high, inventories are still being held back and neither is looking at changing in the foreseeable future. Traditional 3PL truckload in, truckload out businesses are suffering and there seems little hope of a turnaround.
To prosper today, the industry must move towards a much higher proportion of revenue from value added services. In discussions with our own 3PL partners, we are seeing significant growth in those who are able to move their business into the fulfillment arena or offer 4PL type services to their customers. We are also seeing those locked into a storage/handling model suffering and losing business.
Click to read our whitepaper
It’s time to optimize your inventory!
If you’re looking for ways to satisfy your customers orders or to calculate your optimum level of stock, I found an article from the Supply Chain Digital that may interest you!
Learn how EDI (Electronic Data Interchange) can help your business:
- Reduce lead times to process orders
- Measure the delivery performance of suppliers
- Improve your visibility and much more!
Click here to READ THE ARTICLE
For more information on EDI, please contact us !