Joe Oliaro Shares His Thoughts on Risk Management Best Practices and the Most Effective Ways to Reduce Supply Chain Risks

“From a 3PL provider’s perspective, the best way to reduce supply chain risk is…”

The duration of 3rd party logistics (3PL) customer contracts are almost always negotiated parallel to the lease term, if leasing. 3PLs will not typically pursue a build to suit opportunity or purchase real estate unless they have a longer term contract in place or existing space. Spec real estate without customer contracts in place is a great way to kill a company.

Labor is also a huge risk – going into markets where labor is scarce or sub-par can be a costly mistake.

To read the full article, click here.

Related Links

News & Media