Labor shortages coupled with an increasingly competitive landscape are driving the need for service innovation and enhanced shipper and 3PL provider relationships, according to the 20th Annual Third Party (3PL) Logistics Study from Capgemini Consulting, Penn State University, Penske Logistics and Korn/Ferry International.
CEOs of third-party logistics services providers are confident about the current state and future revenue growth potential of both their companies and the regional 3PL industries.
Target is testing the online grocery delivery waters. The Minneapolis-based discounter has teamed with Instacart, the online grocery delivery service that started in 2012, to let shoppers in the Minneapolis area order fruits and other perishables, as well as household, pet and baby products, and have them delivered to their homes in as little as an hour.
Industry research firm Gartner recently reported that the Internet of Things is going to impact businesses with its exponential adoption rate reaching 26 billion devices by 2020.
The GEFCO Group, a global player in logistics for manufacturers and in European automotive logistics, has signed an agreement with the private equity fund Nimbus to acquire the Dutch company IJS Global, which specializes in air and sea freight operations.
Most Americans plan to shop both in stores (94 percent) and online (92 percent) this holiday season, with 94 percent of consumers planning to shop from a computer and 49 percent making purchases from a mobile device, according to the 2015 Holiday Shipping Survey from Pitney Bowes.
The largest U.S. retailers reported strong online sales in their second-quarter earnings reports recently, extending a trend that has seen e-commerce revenue expand far faster than store sales, and several said they are making strides in delivering goods to consumers more profitably.
Stanley Black & Decker is discontinuing its AeroScout Industrial line of real-time location systems (RTLS) products for manufacturing, transportation and logistics, effective Nov. 1.
Moving into new markets beyond the U.S., even to nearby Canada, has its complications. A marketer of outdoor apparel and gear partnered with Purolator International to ease the way.
Sometimes, a change of partners is required to bring the best out of a company. Turtle Wax's transportation and inventory management got a brand new look when it partnered with LeSaint Logistics.