EA: Outsourcing logistics functions to third-party logistics providers (3PLs) – five pitfalls to a successful outcome

Armstrong & Associates CEO Evan Armstrong writes:

After 39 years of helping companies outsource logistics functions to third-party logistics providers (3PLs), we have identified five pitfalls to a successful outcome.

1.  Not benchmarking your warehouse pricing against the current market.

Since most warehousing agreements typically last two years or more, it is crucial to compare your current pricing with the current market rates several months before your contract renewal. This approach allows you to create a ...