The only thing that’s a given when it comes to gas prices is that they are in a constant state of flux, supplies are unpredictable and therefore new models have to be considered. Companies can be proactive, though, when it comes to their supply chain strategies. It is critical to have a dynamic, rather than static supply chain strategy in a time of rising oil prices.
Annual revenues of U.S.-based 3PL providers are $60 billion, and the good news is that figure is projected to grow, as 3PL providers increase their service offerings. The next logical step from there is for them to improve customer service. As technology continues to rapidly change, 3PLs “must focus on management and relationship processes, global offerings, comprehensive solutions for the entire supply chain and information technology,’’ says Pamela Gabor, group manager, Logistics Sales, at SPS Commerce.