Find Out the Differences Between 1Pl, 2PL, 3PL, 4PL, and 5PL
1PL (First-Party Logistics) 2PL (Second-Party Logistics) 3PL (Third-Party Logistics) 4PL (Fourth-Party Logistics) 5PL (Fifth-Party Logistics) The term ‘third-party logistics’ (3PL) is familiar to many. It involves outsourcing supply chain elements, such as warehousing, distribution, value-added …
Why a Customs Broker is Key to a Successful International Trade?
International trade is tricky and complicated, especially if you have just begun your journey. Every aspect requires good decision-making – which incoterms to use, where to store your goods, which mode of freight transport to …
Discover the 6 Common Mistakes Businesses Make in Logistics and How to Fix Them
The supply chain is amongst the most essential aspects of any business. Even if you excel in marketing, have an efficient ordering process in place, or provide exceptional customer service, all those can mean nothing …
7 Ways Value-Added Services Can Benefit Your Business
E-commerce’s domination coupled with the ever-growing needs of businesses is prompting more and more 3PL providers to offer value-added services (VAS). These special services range from short-term to in-depth projects designed to improve customer experience …
Supply Chain Forecasts in 2024: 9 Trends to Watch Out For
The year 2020 ushered in a series of not-so-good surprises. It disrupted supply chains worldwide, with its unique set of challenges. Yet, various industries have demonstrated commendable resiliency in the face of adversity. Thus, it …
5 Key Challenges Faced by the Logistics Industry This Pandemic and How to Overcome Them
Covid-19 has disrupted the global economy overnight, and the worldwide supply chain and logistics are not an exemption. The imposition of widespread lockdowns has slowed down and even halted the operations of manufacturers, suppliers, and …
The Future of E-commerce: What to Expect in 2023 and How to Prepare for Them
The e-commerce industry has completely taken the world by storm, and it’s not a secret. With more and more consumers making the switch from brick-and-mortar to online stores, any business that aims to excel in …
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