The logistics and supply chain industry is an integral part of a set of diverse industries that regularly seek to use warehousing, transportation, and value-added services.  LSP’s (Logistics service providers) play a vital role in the execution of such activities by closely working with a company’s logistics department. The cost component for a company to own and operate assets like warehouses, trucks etc. are excessively high and a 3PL (3rd Party Logistics) company helps act as an outsourced arm to fulfill the company's requirements. The last decade has witnessed the rising importance of 4PL companies who broadly manage the entire supply chain and further provide advisory services to keep supply chain costs low.

 

For a 3PL company,  leveraging opportunities within the market can be possible if its service offerings additionally include activities like printing, packaging, labeling and palletizing to name a few.  As more and more companies look to invest in outsourced activities through a 3PL/ 4PL, LSP’s are competing on network reach and the value they create. In the last decade itself, warehouse sizes have grown substantially and many leading LSP’s have got equipped with state of the art warehousing facilities. The use of advanced IT systems by LSP’s is further helping their customers track inventory levels of stocks in realtime round the clock.  

 

The warehousing and transportation of dangerous goods and chemicals by LSP’s have also become efficient with smarter devices and automated fire suppression systems. Blackboard consultants have worked with leading LSP’s in helping them optimize their business operations and improve internal processes to reduce operational bottlenecks and delays.

 

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