Bringoz Industry Weekly 8/18
Retailers are rushing to get merchandise ahead of a potential port strike. Shippers are strengthening their internal fleets. Companies are implementing new strategies to boost supply chain resilience. Read about these stories and more in our weekly industry news roundup.
Retailers Rush to Get Goods Ahead of Possible Strike at Ports
Monthly inbound cargo volume at the nation’s major container ports could see a near-record surge this month as retailers bring in merchandise ahead of a potential strike at East Coast and Gulf Coast ports. The contract between the International Longshoremen’s Association and the United States Maritime Alliance is set to expire on Sept. 30. Negotiations have broken down and the ILA has threatened to strike if a new contract is not reached by then. Read more.
Shippers Strengthening In-House Fleets
Many shippers have continued to invest in their own private fleets rather than taking full advantage of freight market conditions that have favored them for the past two years. For these companies, maintaining or expanding an in-house fleet operation is a way to strengthen customer service, assume greater control over their supply chains and protect themselves from future shifts in the trucking market. Read more.
73% of Companies Reshape Supply Chains for Resilience
A recent Gartner survey reveals that 73% of companies have made significant changes to their supply chain networks over the past two years. These shifts, which include adding or removing production locations, highlight a growing focus on resilience, agility, and flexibility in response to global disruptions. The survey also found that companies are expanding their supply chain footprints as they aim to make supply chains more diverse, save costs, and deal with challenges. Read more.
How to Choose the Right 3PL Provider for Your Business Needs
As supply chain and logistics operations become more complex, many shippers are turning to third-party logistics providers to help them manage and optimize the storing, handling, and delivery of products. Selecting the right 3PL partner is crucial to ensure that your logistics operations enhance, rather than hinder, your business growth. Here are some of the essential factors to consider when selecting a 3PL partner. Read more.
Enhancing Customer Satisfaction Through Effective 3PL Services
For many companies, leveraging third-party logistics services can play a crucial role in achieving and exceeding customer expectations. By outsourcing logistics functions to specialized providers, businesses can improve delivery times, streamline operations, and improve customer satisfaction. Here’s a look at how 3PL services can help businesses meet customer expectations and enhance customer satisfaction. Read more.
The Role of Technology in Supply Chain Resilience
Supply chains are increasingly vulnerable to a variety of disruptions which have underscored the importance of building resilient supply chains. Technology is playing a pivotal role in enhancing supply chain resilience, enabling companies to adapt, recover, and thrive in the face of adversity. Here’s a look at the critical role of technology in strengthening supply chain resilience and ensuring smooth and continuous supply chain operations. Read more.