P
CAN DRIVE SUPPLY CHA
WRITTEN BY : SEAN ASHCROFT
In a world of increasing risk and uncertainty , the expertise of 3PLs is increasingly important to organisations , as is their transformation savvy
In the past few years , businesses have been rocked by unforeseen supply chain disruptions , across industries ranging from pharmaceuticals and consumer goods to electronics and automotive . The global pandemic has cost the world economy an estimated $ 11 trillion , and in 2021 , a giant container ship ran aground in the Suez Canal , blocking the world ’ s busiest trade corridor for six days and disrupting
$ 40bn of trade . And now , of course , we have war in Ukraine , along with the disruption to trade and spiralling fuel inflation that has caused .
Supply chains often have to navigate chaos , confusion and disruption on a global scale , and the ways they are seeking to do so include new and innovative approaches . One is using third- and fourth-party logistics providers to help them .
Third-party logistics ( 3PL ) companies provide services and expertise across the supply chain as a whole , including monitoring , communications and customs formalities ; fourth-party logistics ( 4PL ) companies offer digital integration solutions over and above the resources offered by 3PLs .
64 November 2022