How To Succeed In Third Party Logistics

In the logistics industry, there is a fine line between stressed companies and distressed companies. Sometimes, it’s a misunderstanding of capital; other times, it’s a lack of focus on changing customer requirements. For all its complexity, however, logistics has a simple formula for success:

People + Process + Technology = Operational Excellence and Success

While the formula is simple, the consequences of missteps are dire. If you ignore one part of the equation or solve the formula in the wrong order, you will fail. For example, if you invest in technology to improve your process and you expect your people to follow suit, it won’t happen; in fact, it will accelerate your failure. Continue reading How To Succeed In Third Party Logistics