Top 7 Challenges Faced by Logistics Service Providers in Transportation Management
With the increase in trade activity on a global front, several companies are trying to make their presence felt in the transportation industry. After all transport and logistics aid different businesses to forge relationships and collaborate with each other. Many believe that large organizations opt for in-house supply chain management and logistics to meet their business requirements. However, research reveals that most Fortune 500 companies prefer Third Party Logistics services for their needs. The companies prefer third-party logistics owing to their huge network that ensures a competitive advantage over most in-house supply chain systems. Outsourcing logistics also reduces time, effort and money while ensuring a seamless process. The market is competitive and providers need to retain clients in an aggressive manner, especially in the field of transportation. Here are some of the biggest challenges faced by third party logistics service providers: Time Utilizat