If you are looking for a way to help your business work with more efficiency, then you have probably already considered working with a third party logistics service. These services have been getting more and more popular over the years, and for a lot of business owners they are the answer to most of their logistics-based problems. However, before you go and sign up for something new like this you need to make sure that you know more about it so to help you out, today we are going to be taking a look at some of the 3PL third party logistics pros and cons, and all you have to in order to learn more is to keep on reading this article.
You can save money
A big advantage of using a 3PL company to help you deal with your businesses logistics is the fact that these types of companies can actually save you a lot of money in the long run. Statistics actually show that working with a 3PL company can save somewhere between 5% and a whopping 25%. This is thanks to the fact that you won’t have to pay for things like warehouses or storage and so on, which, as you see, can really end up being great for your business.
You don’t have to worry about any new regulations
In the world of logistics things have a tendency of changing all the time, and when you are a business owner that already has a lot on their mind, keeping up with all of these changes can be tough. However, since changes in regulations and laws can be crucial for your business, you need to be on top of them, and when talking about 3PL third part logistics pros and cons, one of the biggest benefits is the fact that the companies keep up with these regulations for you. You won’t have to worry about any international paperwork of regulations, and that is definitely something that will work to your advantage and allow you to focus on other aspects of your business.
You lose some of the controls
Most business owners are self-proclaimed control freaks, and working with one of these 3PL companies means that you will have to relinquish some of that control. You will lose control when it comes to the shipping functions since that is what the company will be dealing with on your behalf, however giving control away in this way is a huge thing so do, so you need to make sure you are prepared to do so before you actually sign up for it.
Now that you are familiar with some of the 3PL third party logistics pros and cons it is up to you to decide whether the pros will outweigh the cons and whether the cons are something that you and your business can deal with. Either way, we hope that this article helped you learn more about 3PL and that it helped make your decision easier.