As Greek philosopher Heraclitus famously said, the only constant in this world is change. In the world of supply chain management, change can be daunting. Transportation networks are larger and more complex than ever, spanning the globe while navigating a range of ever-fluctuating regulations and challenging economic climates.
Some of the key challenges in the current marketplace for shippers include:
- Limited visibility of status of trucks or shipments
- High number of stakeholders and long and slow communication chains
- Capacity shortages, both for transportation services and slot availability at cross docks
- Personnel shortages, for managing transportation networks
- Increasing demands for supply chain operations to be more transparent, globally, and to know exact positions and status of shipments
- Customers demanding more B2C-style shipment tracking and notification features within their B2B operations
4PLs specialize in handling the continuous planning, optimization and operation of their customer’s supply chain networks. Their deep focus on supply chain efficiency puts them in an advantageous position to evolve industry best-practices and experiment in leveraging new technologies. This in turn often aids in building resilience and agility while also reducing costs and risks to better cope with uncertainty.