(Image Source: Parcel Monitor)
It’s no secret that the logistics and supply chain space is undergoing countless changes in recent years. With e-commerce on the rise and global trade expanding, companies are finding it harder and harder to keep up with the demand for goods and services. Regardless of the industry they are in, businesses need to stay up-to-date on the latest trends and developments in the field of logistics and supply chain management, and find innovative ways to overcome the obstacles posed by the increasingly complex supply chains around the world.
According to our media partner Parcel Monitor, one of the biggest challenges has to do with the retailers’ growing reliance on third-party logistics providers to manage their supply chain operations. While this type of arrangement may have some benefits, such as cost savings or access to specialized resources, it also brings its own set of risks. Instead of long-term fixed overheads, which limit adaptability and efficiency, companies should consider expanding their supply networks by forming new trading alliances.
For more information about other equally important challenges, read the full article here.
About Parcel Monitor
Parcel Monitor is a community initiated by e-commerce logistics enthusiasts at Parcel Perform. We aim to inspire the e-commerce logistics ecosystem to create a better delivery experience for everyone.
Parcel Monitor offers free parcel tracking across 950+ carriers globally on a single platform. Leveraging on our data and technology, we capture consumer trends, provide market visibility, and derive industry insights while fostering collaboration across the entire e-commerce industry.