Supply Chain Basics: What You Need to Know about Outsourcing Logistics
In this episode of “Supply Chain Insider” (part of the "Great Question" podcast series from Endeavor Business Media's Manufacturing Group), we continue our series of “in case you missed it” reports, this time focusing on outsourcing logistics.
Jagan Reddy, managing partner for Netlogistik, explains why outsourcing logistics is an effective business strategy. He highlights some of the benefits, including how companies can access the specialized expertise of a 3PL; improve their transportation efficiency; lower their costs by enhancing operational effectiveness; access new technology; and enable employees to focus on what they do best.
He also examines the emergence of nearshoring, and explains how it can shorten the supply chain, resulting in faster time-to-market and fewer problems with export logistics.
You can also read the full article here.