Recently, new business strategies disrupt the logistics landscape by all means possible. There is a need for development in the industry. It is inevitable that CEO’s attempt to create new ways to add value to logistics and freight companies. More specifically, not only acquisitions or mergers but also the application of technology is a way for companies to do so. For most transportation or freight companies, the goal is to increase market share, create large networks of shippers and carriers and to make freight transactions more efficient.
While distribution management companies aim to provide a one-stop shop to logistics businesses, warehouse companies want to include an improved transportation management and e-commerce fulfillment services. Furthermore, the investment in software and analytics increases. Moreover, shippers move away from using multiple logistics companies and instead rely on one company to manage supply chain.
Overall, the result of these strategies is yet unknown but the influence is obvious. It is important for organizations to keep adding value to their services. Also, third party logistics (3PL’s) will play a key role in future supply chain. Transport Topics dives into examples for known companies like XPO, C.H. Robinson or J.B. Hunt. Read more about the changing logistics landscape.