Stronger supply chains: Healthy relationships require both parties to take risks

Logistics is an inherently risky business. The market is constantly changing, and business is affected by everything from natural disasters to shifting consumer demand. Choosing the right supply chain providers becomes an important part of mitigating and navigating these risks in an industry this volatile.

While the dynamics of supply chain risk are constant, the landscape of risk specific to logistics and transportation is changing.Technology has affected the way everyone does business,...

https://www.freightwaves.com/news/stronger-supply-chain-healthy-relationships-require-both-parties-to-take-risks

Service-level agreements maximize efficiency, preserve relationships

Despite its growing infatuation with technology, logistics continues to be a relationship-based industry at its core. As with all professional relationships are changeable and sometimes strained. Relationships between logistics providers and customers are especially susceptible to disruption during times of great market volatility. Having an iron-clad service-level agreement (SLA) in place from the beginning can ensure a smoother ride for both parties when market conditions change.

A successful...

https://www.freightwaves.com/news/service-level-agreements-maximize-efficiency-preserve-relationships

4PLs provide competitive advantage needed to thrive in 2021

Logistics is a notoriously volatile industry. During market shifts, it can be difficult for shippers to decide which modes, providers and contract/rate types will serve their business best. In the constant race to keep up, many default to the most common solutions, unable to set aside the time required to look deeper into their options. Ultimately, this approach leads to lost time, lost money and lost opportunities.

In a tight capacity market, it can be difficult for shippers to effectively...

https://www.freightwaves.com/news/4pls-provide-competitive-advantage-needed-to-thrive-in-2021

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