Every year, the Council of Supply Chain Management Professionals (CSCMP) teams up with AT Kearny to publish the Annual State of Logistics Report. The study focuses on all areas of the supply chain; across all modes of transportation, business, real estate, warehousing, logistics, technology and manufacturing. This comprehensive report provides industry leaders with insight to where the industry is headed and bright spots that will change our businesses for the better.
How do you define a 3PL?
There are many definitions as to what a 3PL really is, especially as the capabilities of a 3PL have shifted dramatically throughout the years. But the legal definition of a 3PL was hammered down in 2008, defined as “a person who solely receives, holds, or otherwise transports a consumer product in the ordinary course of business but who does not take title to the product.” However, in this day and age, it’s about the survival of the fittest—especially when considering the presence of companies like Amazon.
Foreign Trade Zone and What You Should Know About It
Did you know a foreign trade zone can speed up your supply chain and lower your costs? WHAT IS A FOREIGN TRADE ZONE?
An FTZ is a secured area within the United States, in or near a U.S. Customs port of entry, where foreign and domestic merchandise is considered to be legally outside of U.S. Customs territory.