A crisis in the supply chain can happen at any time. Currently, in 2020, the world is encountering unprecedented disruptions due to a new coronavirus. However, a crisis can come in a variety of forms. It could be a widespread problem like COVID-19 or a localized challenge, like a fire destroying a warehouse.
Third-party logistics (3PL) services allow companies to outsource operational activities like warehousing and delivery. By outsourcing logistics, your business has more time and resources to dedicate to sales, marketing, growth and product development.
Warehousing and fulfillment are important components of supply chain management. Sometimes these terms are used interchangeably, and often, warehousing and fulfillment services are offered by the same company. There are, however, distinct differences between the two. Understanding the relationship between warehousing and fulfillment, and the need for both, can significantly improve order processing and inventory management.
Encompassing a wide range of industries from automotive, electronics, agricultural, utilities, industrial, construction, trucking/transportation, marine and other manufacturing industries, remanufacturing is an important process in product life cycles and sustainability. Original equipment manufacturers (OEM) depend on this remanufacturing cycle to extend the life of their products, components and parts. OEMs can utilize remanufacturing service centers that work on assembly, testing and repairs. In addition, OEMs and remanufacturing service centers often take advantage of warehousing and distribution services to warehouse parts or finished remanufactured items awaiting shipment.
As industries today continue to segment themselves into more well-defined niches, their needs become more specific as well. As a result, and not surprisingly, companies needing warehousing and storage assistance look for solutions tailored to the unique challenges of their industry.
