When considering all the costs involved in getting your containerized goods from port to market, it’s easy to think of all the “big” things that drive up your spend. These big-ticket items include your ocean carrier, drayage, and warehousing costs.
As your container makes its way through your supply chain, however, there’s a smaller – but cumulatively significant – cost that is likely eating away at your margins: the chassis rental fee. In this article, we’ll examine key ways to reduce this fee and improve the profitability of your operation.
experience and detour you from ever returning regardless of how tasty the food was. Just as you evaluate and value the service at a restaurant, you should evaluate and value the service of a potential third party logistics warehouse. By service we are referring to “associate engagement” within the 3PL. For many companies in the market for a new 3PL partner, there will be an intense focus on the economics, contract provisions, possibly IT capabilities, however, we know that when associates are engaged in our business and more importantly, in our client’s business, we win and our clients win. If you can refuse to go back to the restaurant, why should your product keep going back to a warehouse with poor service?
Capital Management