How to move large cargo


 

Emerging Trends in the 3pl Third Party Logistics Industry

Âoperates behind the scenes. For this reason,
many businesses with a desire to enter
The marketplace for third-party logistics isinternational markets have no idea where to
arguably the largest market in the world. Anybegin.
physical good that comes into or goes out of
the United States requires extensiveFurthermore, those companies that do provide
logistics planning and management and must becomplete 3PL services are very large and have
cleared by U.S. Customs. Because of thebeen focusing on maintaining a small number
complexities of these processes, mostof larger accounts. Many small and mid-sized
businesses choose to hire a 3PL provider tobusinesses who were fortunate enough to find
manage the transportation, clearance,a reliable 3PL provider find themselves being
warehousing, and distribution of theirsqueezed out and not having their contracts
shipments.renewed. The smaller third party logistics
providers do not offer the newer supply chain
Market  Statisticstechnologies, and are characterized by "old
school"  business  practices.
In 2006, imports to the United States
exceeded $2.2 trillion (a 10.5% increase overGo Global is involved in many of the fastest
2005) and exports exceeded $1.4 trillion (angrowing markets in the world such as Asia and
increase of 12.8%). Each of these goodsWestern Europe where the market is expected
required a number of shipping and warehousingto grow 33% over the next five years. It is
services and must receive US Customsprojected that after five years, 3PLs (third
clearance… this is where Goparty logistics providers) will handle more
Global  takes  over.than 57% of the sector's supply chain
requirements. This provides tremendous growth
In 2006, the total revenue for the 3PLopportunities  for  Go  Global.
industry was $110.6 billion, representing a
total industry growth rate of 11.9%.Go Global is also slowly expanding into the
Datamonitor projects that by 2010, the totalAfrican markets as the infrastructure and
3PL  market  will  exceed  $140  billion.problems with governmental corruption
improves. Foreign Direct Investment in Africa
Global trade management is also part of thehas been steadily rising, a sign that it will
focus at Go Global Logistics. In 2005, thesoon be a viable target market for Go Global
global trade management segment expanded toLogistics. In 2006, FDI increased 26.5% to
$222 million, and is expected to swell to$38.8 billion. If this trend continues to
$405 million by 2010, a cumulative annualdevelop, Africa may be the next China of
growth  rate  of  12.8%.international trade, and Go Global hopes to
be  there  to  ride  the  wave.
The Go Global Marketplace is cornering this
portion of the market, encouraging small and- Sowinski, Laura. "What Supply Chain
mid-sized businesses to participate in globalExecs are Buying, Where They're Skimping."
trade, under the consultation of Go Global.World  Trade.  Sep.  2006.
By using the marketplace to manage our
customer's transactions, Go Global is able to- Commercial Motor. "Significant Potential
provide FREE transaction management, shipmentfor Third-party Logistics." Reed Business
tracking, trade negotiations, and ourInformation.  15  Mar.  2007.
"bidding war" reverse auction function,
adding value for our clients and- Panitchpakdi, Supachai. "Investment in
strengthening our comparative advantage overAfrica: The Challenges Ahead."
the  competition.International  Trade  Forum.  Issue  1/2007.
Many companies entered international marketsÂ
precipitously and are only now beginning to
address the lack of visibility across theirRedefining  the  Market
supply chains. Only the largest 3PL (third
party logistics) providers offer the newestMost small and mid-sized businesses search
technologies like online tracking, and 90% offor 3PL providers on the internet, where 3PL
enterprises report that their global supplyadvertising coverage is abysmal. Upon
chain technology is inadequate to provide theperforming an online search for "customs
timely information necessary for budget andbroker" "3PL" or "logistics," the results
cash-flow planning as well as effectiveyielded are generally unrelated to the
management. Go Global Logistics offers everyservices businesses are seeking. Go Global
tool your company needs to have an efficientplans to capitalize on this by establishing a
and transparent supply chain to make yourstrong online presence with user-friendly
importing and exporting as easy and errorinformation geared towards businesses new to
free  as  possible.international  trade.
One of the most counterintuitive aspects ofBy providing innovative features that are
the freight forwarding and third partyvaluable to our customers like the Go Global
logistics industry is the lack of a centralOnline Marketplace, we attract a wide range
location for international trade informationof businesses seeking to or already engaged
and  services.  The  industry  is  extremelyin international trade. The Go Global
Marketplace is redefining the market by
· Us Census. "Annual Tradecreating a centralized online marketplace
Highlights."  January  2007.allowing importers and exporters across the
globe to connect and trade in a secure and
· Hoffman, William. "3PLs Reachefficient  platform.
Record Revenue." Traffic World. 23 Apr. 2007.
By providing low cost, scalable, online
· Datamonitor. "Global Air Freight &services with the same level of visibility
Logistics." Apr.  2007.available from the largest 3PLs, Go Global is
redefining the world of international trade
· Sowinski, Laura. "What Supply Chainand supply chain services and continues to
Execs are Buying, Where They're Skimping."empower small and mid-sized businesses to
World Trade. Sep. 2006.fragmented andcompete on the global stage.



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