The year 2022 – A Summary
More Third-Party Logistics companies (3PLs) narrowed their focus and concentrated on industries that aligned more to their strengths.
The largest sector is still retail, whilst products for the leisure industries, namely bottled goods, are showing a continued decline. This is, more than likely, linked to the social effects of the Covid outbreak reducing gatherings in confined spaces.
Labour is an important factor in the logistics industry. Consequently, there has been the double issues of finding labour and then keeping it. A lot of staff left the country at the outbreak of Covid and simply haven’t returned.
Nearly all 3PLs are reaching their warehousing capacity. Consequently, their ability to keep up with the continuing growth in demand is being limited.
Increasing use of technology
As a result of all of the above and it is reasonable to suggest that the industry will move to larger premises and the greater use of technology.
Consequently, relocations, warehouse management systems, order management systems and scanning systems have been implemented.
The year 2023 – A Forecast
To cope with increasing demand, labour issues, warehouse space and the need to increase speed of delivery, 3PLs are looking to transform their businesses.
These will be the steps that they will have to take:
- Collect and analyse data and make financial assessments.
- Predict improved profitability
- Manage the process within a structured process
- Establish Teams with clearly defined objectives and timetables
- Prepare for “Go live” with training
- Decide on the criteria for a “Go/No Go” live.
So, the question is “Can you do it on your own?”
- Do you have all the skills needed for each step of the transformation?
- Can you spare the time to manage this and run your business as well?
- When/if something goes wrong can you correct it quickly?
- Do you want to do this on top of your regular daily work?
If the answers to any of these questions is “No” you might like to consider looking at The Logistics Improvement Group (LiG)
“Our (LiG) aim is to provide comprehensive and practical solutions for organisations seeking support whilst transforming their supply chains.”
With years of experience and knowledge about Logistics Business Transformation, and Distribution Centre Automation, the team at LiG can guide you through the process and let you concentrate on running your business.
So, what should you do next?
If you have already decided that changes are needed, ring 01908 474 929 and talk to The Logistics Improvement Group
If you want to
Move or Improve or Automate
The Logistics Improvement Group are the people for you