Published February 2, 2018
The ability to reduce risk for companies that use 3PLs can be narrowed down to the type of relationship that exists between the two parties. Typically, companies opt for a “vendorship,” in which they simply purchase a service at an optimal price. Ideally, they should have a partnership with their 3PL providing them a seat at the table where the company’s strategy is developed. -Daniel Sears, Senior Consultant, Tompkins International