Logistics: The Rapidly Growing Industry
With the expanding economy, driver shortages, and growth of modern technology, logistic companies have been forced to evolve or fall behind in this rapidly growing industry. The following are just a few examples of the challenges 3PL professionals face.
Demand for virtually every product is rising. Across the globe, supply chain executives face the obstacles of maximizing shelf life, warehouse capacity, and demand-driven inventory, while simultaneously seeking to uphold efficiency and cost benefits. This ever-growing need requires that companies invest in productive teams, simplified solutions, innovative thinkers, and ongoing training.
In addition to growing demand, consumers service expectations are also constantly rising. People are expecting better delivery experiences, more precise tracking, access to data, and personalization. For customers, cost plays an important role but speed and convenience ultimately determine their experiences.
In recent years, there has also been an increase in driver shortages due to the high and demanding qualifications that are required for hire. Such barriers to entry may include, but are not limited to, age requirements, CDL testing standards, drug and alcohol testing, and clean driving records. This shortage takes a toll on the trucking industry as a whole. Without drivers, the transportation burden grows, current drivers become overworked, and less trucks are hitting the road.
Many companies have adapted to combat the obstacles they’ve come to face. Located in Vancouver, British Columbia, 18 Wheels Logistics is ready to take on the future of logistics with zeal and determination. Contact us for all your warehousing, distribution, or co-packing needs.