3PLs look for return of growth as competition grows and revenues fall
3PLs have been facing a bundle of headwinds that have dented revenue growth for the ...
© Leung Shiny
By Alex Lennane
A fire at a Gap distribution centre could put back its plans to turn around a business struggling to compete with fast-fashion chains – and in the midst of back-to-school season orders. The fire, which took two days to contain, was at a warehouse in New York which represents about 10% of the company’s nationwide warehouse capacity. Wells Fargo warned of a “meaningful bottleneck” and “uncertainty”.
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