18th Annual Third Party Logistics Study a Hit at CSCMP
“Big Data” was among the subjects addressed. Here are few more key takeaways.
Capgemini Consulting unveiled the findings of its 18th Annual Third Party Logistics study in collaboration with Penske, Penn State University and Korn/Ferry International at CSCMP’s annual global conference last week.
“Big Data” was among the subjects addressed. Here are few more key takeaways:
• Global Marketplace Creates Chance to Collaborate across Borders: An increasingly global marketplace is forcing shippers to re-evaluate their supply chain strategies to meet demand. Shippers continue to recognize the important role 3PLs play in this normal, as nearly all shipper respondents (91%) regard their relationships with 3PLs as important or strategic.
• Global Trade Management: While the growing emphasis on GTM has opened the door for 3PLs to provide shippers with new paths for growth, sourcing and distribution across borders, shippers still take a tactical rather than a strategic approach that drives a competitive differentiation, relying on traditional departments namely logistics (23%), compliance (13%) and procurement (12%) to lead the change, while other necessary departments often lack a seat at the table. Shippers must also cope with an increasing number of preferential trade agreements, which now number almost 300.
•The Risk & Reward of Doing Business in Africa: With an increase in global trade and cross-border operations, many international firms are looking towards Africa as a growth market. However, challenges remains due to high logistics costs and cumbersome clearance of goods at ports, presenting an opportunity for logistics processes to become more standardized.
About the AuthorPatrick Burnson, Executive Editor Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at [email protected]
Subscribe to Logistics Management Magazine!Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your entire logistics operation.
Start your FREE subscription today!
Megatrends in ocean freight Ocean Cargo Roundtable: What’s in store for 2017? View More From this Issue