Logistics Analytics as a Competitive Advantage

Overview:

• Picking a 3PL solely off price is a short-term technique

• Logistics providers that can show value in the analytics space will do better long-term for your company

• 95% of shippers agree that analytics are necessary

In 3PL Central’s recently published 2020 Industry Report, they quote Supply Chain Executive Magazine in saying, “The days of third-party logistics companies competing on prices are over. The successful ones now use another factor to gain an edge: analytics.”

This couldn’t be more evident in the environment eShipping, competitor 3PL’s and Freight forwarders find themselves.

Armstrong & Associates note that in 2018 that 86% of domestic Fortune 500 companies use 3PLs for logistics and supply chain functions. As the only partner directly connected to every player along that chain, 3PLs must ensure that the terabytes of data processed on a daily basis flow through without any flaws or disconnections.

According to Eye For Transport (EFT), 95% of shippers agree that analytics are a necessary element of 3PL expertise however only 26% of shippers are satisfied with current analytic capabilities.

How does your access to fast, accurate, and relevant data stack up?

If you’re not completely satisfied with your current analytics visibility, please contact us at connect@eShipping.biz or click here to set up a time where we can talk about your business and logistics goals.