Everyone remembers the fairy tale story of Goldilocks and the Three Bears? As a refresher – Goldilocks sat in the chairs of the Papa, Mama and Baby Bear. She ate their porridge. And she finally fell asleep in Baby Bear’s bed after trying out all of them because it was “just right”. This story can be revamped into the 3PL selection process for many companies. Whereas, a company has gone to a national vendor thinking big has got to be better. Isn’t that the philosophy of the American dream?
Unfortunately, this shouldn’t be your approach when you are selecting an important extension of your organization, a partner who will share the responsibility of your supply chain. You need to ensure that you open your discussions to regional players who may be the perfect fit for your organization. Below are a few reasons why a regional provider can be a better fit at this time.
Capital Management