The third-party logistics (3PL) market is going strong according to a June 2018 report released by Armstrong & Associates, a market research firm located in Milwaukee.
Varsity Logistics is offering free technical training classes to help customers get more out of their Varsity solutions!
A new report by the Material Handling Institute (MHI) and Deloitte shows the new trends taking over the technology use of the supply chain, referred to as the “NextGen” model.
This newly released report, titled “Overcoming Barriers to NextGen Supply Chain Adoption,” the report examines the 11 emerging technologies that are expected to work together to establish a new information ecosystem that is always accessible by demand. These new trends in technology include everything from from robotics to artificial intelligence (AI) to wearable devices, which are becoming widespread in the supply chain industry, proving that this NextGen model is quickly taking over. The majority of the report’s survey respondents report that the NextGen supply chain will represent the predominant model within just 5 years.
While Amazon has been around for almost a quarter of a century, the company’s real breakthrough has come in these past few years with the way they’re challenging the logistics industry. The company is the fastest to reach $100 billion in sales revenue. Analysts say that by 2027 the company could reach yearly revenue of $1 trillion.
For companies routing multi-stop full trailer shipments, a transportation management system (TMS) is necessary to optimize the FTL and LTL components of the supply chain. TMS gives operators the ability to map out route planning, handle freight audit, track payments and orders, and manage carrier and route selection in ways that generate efficiencies that result in lowered costs and increased customer satisfaction.
Earlier this year, we sent an email to our customers asking them for feedback on all aspects of our products and the service we provide. Respondents were told that for every completed survey, we would make a donation to a worthy organization of their choice. Once the survey was completed, they were asked to pick one of several charities listed.
