Intelligent Solutions
What is 5PL? What is the difference between 3PL, 4PL and 5PL. You might be unclear on what each level of logistics services entails. The role of outsourced logistics in the supply chain hasn’t been fully explained. It is still unclear what level of services the 3 different PL’s offer. Supply chain and the logistics…
Supply Chain Disruptions cause Inflation. Contrary to what some news media report, shortages and disruptions mean fewer items available for purchase , consumers are willing to pay more to obtain the item—as outlined in the economic principle of supply and demand. The result is higher prices due to demand-pull inflation. Inflation reflects the wide range rise…
Freight cost, sometimes, make up a large portion of the total cost of a product specially when it comes to low value and high weight products. For example, if you are importing ceramic tile, the freight cost alone could make up over 50% of the price of the product. How can you save on Freight…
When do you think about freight forwarding? I hardly believe you think of it when you pick up a toy or a toaster oven from your local store. There is a 90% chance that a freight forwarder was involved somewhere to bring the product to your fingertips. A freight forward is an important part of…
Third party logistics providers (3PL) are a becoming an important part of today’s supply chain. These companies offer services that can allow businesses to outsource part or all of their supply chain management activities. Many 3PL companies offer a wide range of services including; inbound freight, freight consolidation, warehousing, distribution, order fulfillment and outbound freight. many freight…
Freight forwarding is a service industry that involves moving goods around the world on behalf of importers and exporters. International Freight forwarders specialize in moving cargo. They also arrange customs clearance of goods, maintain all documentation, oversee cargo packing and will at times deal with the movement of dangerous goods. When you first contact a…
The world’s largest container ports Ports are hubs that welcome marine vessels so they can dispatch or discharge cargo. In terms of value, seaborne trade carried by container ships is the most important category of waterborne freight, and container handling is one of the key sources of revenue produced by the operation and management of…
International Freight Forwarders There are a lot of confusion when it comes to the various companies offering logistics services. from International freight forwarders to 3PL, 4PL and 7PL companies in addition to the many other types of companies. Below is a simple definition of a freight forwarder A Firm specializing in arranging storage and shipping of merchandise…
What is the difference between 3PL and 4PL? The CSCMP defines 3PL as follows: Outsourcing all or much of a company’s logistics operations to a specialized company. The term “3PL” was first used in the early 1970s to identify intermodal marketing companies (IMCs) in transportation contracts. Up to that point, contracts for transportation had featured only two…
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