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What are 3PLs?
Jul 27, 2020
What are 3PLs?
When looking for all-encompassing logistics services that cover wide ranging requests such as warehousing, transportation, distribution, and fulfillment, chances are you’ll come across 3PLs as your go-to solution. 3PLs or Third-Party Logistics companies are an integral part of the supply chain and can often serve as a strong link between companies and their shipments. 3PLs work to simplify clients’ supply chains by managing logistics and taking charge of backend movements through outsourcing and carrier networks. This allows clients to devote more focus and time to other aspects of their company that require more attention.
3 Benefits of 3PLs
1. Worldwide Networks and Contracts
3PLs can leverage their network of global carriers, agents, and partners to ensure the client’s needs are met. Establishing these connections takes years of partnerships that would simply drain too much time from clients if they were to take on this task themselves. Using 3PL services would guarantee processes and responsibilities are completed without any hassle.
2. Wide Range of Services Offered
3PLs offer a plethora of services ranging from packing to border clearance. A one-stop shop, 3PLs are able to complete most services required by the client to move their goods. This means that the client does not need to reach out to multiple companies to have each individual logistics need met.
3. Cost-Effective
Due to 3PLs’ wide range of services, companies have more time to optimize their business strategies instead of dedicating extra funds and resources to logistics. 3PL networks and contracts also work to give clients the best price possible which in turn can save companies time and money in the long-term.
Things to Remember
90% of Fortune 500 companies rely on 3PLs for their services and ability to smoothen the supply chain. 3PLs facilitate logistics and truly act as the binder that connects companies and their goods to each step of the supply chain. This is especially the case for international trade. If you’re looking to take your shipments abroad, 3PLs take on the burden of dealing with country specific trade laws and requirements, freeing the client of those worries. All in all, there’s a reason 3PLs are so trusted upon in the logistics industry and continue to be a go-to solution with a value of USD$830.99 billion worldwide.
References:
Rouse, Margaret. “What Is 3PL (Third-Party Logistics)? - Definition from WhatIs.com.” SearchERP, TechTarget, 30 July 2018, searcherp.techtarget.com/definition/3PL-third-party-logistics.
“Third-Party Logistics Market Size: Industry Report, 2020-2027.” Third-Party Logistics Market Size | Industry Report, 2020-2027, www.grandviewresearch.com/industry-analysis/third-party-logistics-market.
The 2020 COVID-19 pandemic has left no economy untouched worldwide. With over 1.2 million COVID-19 cases as of August 27, Africa’s journey to flatten the curve hasn’t been an easy one. Limited testing and incomplete data fail to reveal accurate numbers regarding the impact COVID-19 has had on individual countries and their economies. Now, as many countries in Europe, Asia, and North America begin reopening procedures, it begs the question, where does Africa stand? Africa’s supply chain like many supply chains around the world, has faced drastic delays and disruptions that have led to a massive fall in trade volume. For the first time in 25 years, Africa’s economy is expected to decline after a streak of economic prosperity. Trade volumes are expected to drop 8% for exports and a whopping 16% for imports. These drops along with a rise in international trade costs due to border closures and increased transportation costs have deeply affected African supply chains. The Road to Recovery For Africa, the road to recovery largely depends on Europe's recovery seeing as over 60% of African value added in global exports is directly linked to European production. In other words, the faster Europe recovers, the faster Africa recovers. The used clothing and vehicle industry in particular has been heavily impacted due to delays related to pandemic restrictions. Although some African countries began loosening restrictions earlier this year, surges in COVID-19 cases have led to tighter restrictions once again. As a result, Africa's road to recovery is expected to be slow and rocky in the coming months. About Expotrans As one of the largest exporters to Africa in Canada, Toronto-based Expotrans has over 24 years of experience moving freight to Africa. Expotrans specializes in moving second-hand clothing, used vehicles, scrap metal, and machinery across Africa. Looking to move goods into Africa? Contact our team of experienced customer service agents for more information or click here to request a quote.
After 12 days of striking, Montreal port workers reached an agreement with The Maritime Employers Association on Aug. 21st. This newfound agreement stems from an assembly vote held by The Maritime Employers Association that found that 87% of port workers vote in favour of a renewed contract since the previous contract expired in 2018. Workers at the Port of Montreal and management have agreed that port workers will be given 7 months to reach a collective agreement. Until then, work will resume normally and port activity will once again recommence. During the 12-day strike, imports and exports were not being received due to a halt in all port activity. Ships were redirected towards neighbouring ports in Halifax, St. John, and New York City while a truce was reached. This led to major delays that affected nearly 6,300 businesses. It is estimated that it will take 4 weeks to clear backlog associated with the strike. If a collective agreement is not reached within a 7 month period, port workers will once strike on March 20, 2021. What Expotrans is Doing As customer service leaders and consulting experts, we are dedicated to aiding our clients with any concern related to managing delays and supply chain solutions. We welcome all inquires to our customer service team and one of our customer service agents will be happy to help.
Canada’s second largest port, the Port of Montreal, has shut down indefinitely as 1,125 longshore workers enter an unlimited strike. While there have been a series of temporary strikes in the last 6 weeks, Aug. 10 marked the official start of an unlimited strike until an agreement is met between CUPE Local 375 and the Maritime Employers Association. The strike was largely prompted by longshore workers’ dissatisfaction with work scheduling and recent salary changes. All port activity will come to a halt, with the exclusion of containers that contain medical supplies. Strike-related activity in the last few weeks has already diverted ships to neighbouring ports in St. John, N.B, New York City, and Halifax, affecting nearly 6,300 businesses and 19,000 jobs connected to the port. As a result, delays should be expected while an agreement comes to fruition. A task that has not been completed since the previous agreement expired in 2018. What Expotrans is Doing Expotrans is committed to staying up-to-date and keeping our clients informed as the situation develops. For any advice on how to manage this disruption, please reach out to one of our customer service agents and we will be happy to help.
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The 2020 COVID-19 pandemic has left no economy untouched worldwide. With over 1.2 million COVID-19 cases as of August 27, Africa’s journey to flatten the curve hasn’t been an easy one. Limited testing and incomplete data fail to reveal accurate numbers regarding the impact COVID-19 has had on individual countries and their economies. Now, as many countries in Europe, Asia, and North America begin reopening procedures, it begs the question, where does Africa stand? Africa’s supply chain like many supply chains around the world, has faced drastic delays and disruptions that have led to a massive fall in trade volume. For the first time in 25 years, Africa’s economy is expected to decline after a streak of economic prosperity. Trade volumes are expected to drop 8% for exports and a whopping 16% for imports. These drops along with a rise in international trade costs due to border closures and increased transportation costs have deeply affected African supply chains. The Road to Recovery For Africa, the road to recovery largely depends on Europe's recovery seeing as over 60% of African value added in global exports is directly linked to European production. In other words, the faster Europe recovers, the faster Africa recovers. The used clothing and vehicle industry in particular has been heavily impacted due to delays related to pandemic restrictions. Although some African countries began loosening restrictions earlier this year, surges in COVID-19 cases have led to tighter restrictions once again. As a result, Africa's road to recovery is expected to be slow and rocky in the coming months. About Expotrans As one of the largest exporters to Africa in Canada, Toronto-based Expotrans has over 24 years of experience moving freight to Africa. Expotrans specializes in moving second-hand clothing, used vehicles, scrap metal, and machinery across Africa. Looking to move goods into Africa? Contact our team of experienced customer service agents for more information or click here to request a quote.
After 12 days of striking, Montreal port workers reached an agreement with The Maritime Employers Association on Aug. 21st. This newfound agreement stems from an assembly vote held by The Maritime Employers Association that found that 87% of port workers vote in favour of a renewed contract since the previous contract expired in 2018. Workers at the Port of Montreal and management have agreed that port workers will be given 7 months to reach a collective agreement. Until then, work will resume normally and port activity will once again recommence. During the 12-day strike, imports and exports were not being received due to a halt in all port activity. Ships were redirected towards neighbouring ports in Halifax, St. John, and New York City while a truce was reached. This led to major delays that affected nearly 6,300 businesses. It is estimated that it will take 4 weeks to clear backlog associated with the strike. If a collective agreement is not reached within a 7 month period, port workers will once strike on March 20, 2021. What Expotrans is Doing As customer service leaders and consulting experts, we are dedicated to aiding our clients with any concern related to managing delays and supply chain solutions. We welcome all inquires to our customer service team and one of our customer service agents will be happy to help.