3PL Spotlight: December 2024

Holiday Message from the Founders

“Your support is one of the best gifts we could ask for this holiday season. As we reflect on what it took to get through this year, we’re especially grateful for your business/partnership.” - Chris Kane

“May your holidays be filled with cheer, and may we continue to enjoy mutual success in the coming year. Wishing you a festive and joyful holiday season. Looking forward to serving you better in the upcoming year.” - Zach Kane

Welcome to Our Third Spotlight - December 2024!

At 3PL-RX, we remain dedicated to serving the dynamic third-party logistics (3PL) sector by providing tailored resource exchange solutions that address our clients' unique needs. Leveraging cutting-edge technology and extensive industry knowledge, we prioritize operational excellence, compliance, and innovation to empower partners in achieving their goals. As the year comes to a close, we reflect on our progress and renew our commitment to driving value and efficiency. Thank you for being part of our journey as we prepare for new opportunities in 2025!

“Your time is limited, don’t waste it living someone else’s life.” - Steve Jobs

Breaking News - Amazon Workers' Strikes - 5 Key Takeaways

1. Safety Measures: Workers demand better protections in response to challenging working conditions.
2. Pay Concerns: Calls for hazard pay and higher wages for high-risk positions.
3. Unionization Efforts: Growing momentum for unionization among Amazon employees.
4. Environmental Advocacy: Strikes include demands for improved sustainability practices.
5. Amazon’s Response: Criticism of Amazon’s handling of workers' concerns and their broader stance.

Truck News

In 2023, trucking companies faced a significant rise in "nuclear verdicts," with legal cases resulting in over $165 million in awards. These verdicts stem from serious accidents and often involve large settlements that can drastically impact a company’s financial stability. Factors like jury bias against large companies, aggressive plaintiff tactics, and high damages for non-economic losses have contributed to the increased frequency of these verdicts. This trend highlights the urgent need for the trucking industry to reassess risk management and legal strategies.

For more detailed insights, visit Truck News article here

Real Estate

The industrial real estate market is slowing, with vacancy rates reaching 7.4% in Q3 2024, the highest in a decade, and net absorption at its lowest since 2016, according to Savills. Sublease availability hit a record 198.7 million square feet, while rents have largely plateaued after pandemic-driven growth. Despite rising vacancies, North American manufacturing remains strong, with clean energy projects gaining traction.

E-commerce

The 2024 holiday shopping season is projected to see record growth. Online sales are expected to reach $300 billion, an 8.3% increase from 2023, with mobile purchases making up 53% of these sales. Total holiday sales, both online and offline, may surpass $1 trillion, driven by stable inflation and increased consumer spending. Cyber Monday is forecasted to be the biggest day, generating $13.2 billion. Overall, e-commerce sales will grow faster than in the past two years but slower than pre-pandemic levels.

For more, visit Practical Ecommerce.

AI technology

The white paper explores how artificial intelligence is revolutionizing the logistics industry. AI applications, such as predictive analytics, intelligent routing, and robotic automation, enhance efficiency, reduce costs, and improve decision-making. It highlights use cases like demand forecasting, autonomous vehicles, and warehouse automation, showcasing AI's role in optimizing supply chains. Additionally, it addresses challenges like integration and data quality, offering insights for businesses adopting AI-driven solutions.

Upcoming Webinar - December 10, 10:00am

Hosted by AutoScheduler.AI’s CTO Andrew and Dr. Matt Waller, renowned supply chain expert and former Dean of the Business School at the University of Arkansas, this session will explore:

• How control towers provide real-time visibility and responsiveness to enhance operations.
• The role of digital twins in predictive modeling and proactive warehouse management.
• Real-world strategies for overcoming bottlenecks, improving adaptability, and boosting productivity.
• How AI-driven analytics bridge gaps left by traditional tools, offering fully integrated orchestration.

Register Here

Upcoming Webinar - December 11, 2:00pm

Join the upcoming webinar hosted by Dan Kara on December 11 at 2:00 PM ET, where he will provide valuable insights on robotics solutions for warehouse, fulfillment, and distribution center operations. The session will cover a range of topics including loading, palletizing, sorting, picking, transportation, and packing. Don't miss the chance to stay updated on the latest robotics technologies.

Family Business Governance

How to keep the family business separate from a family holiday

1. Consider Who’s in the Room - Keep family business discussions separate to maintain a positive and inclusive atmosphere.
2. Create a Space for Business Talks - Designate a specific time and place for important family business discussions.
3. Redirect Conversations - Gently shift business topics to another time with a respectful approach.
4. Focus on Joyful Topics - Discuss family history and legacy to foster harmony.
5. Pursue Boundaries Purposefully - Clear boundaries between business and family help create a joyful holiday experience.

In case you missed it

Last months Workforce in Crisis Webinar Highlights - Nov 21,2024

Driver tips for cold weather survival - Truck News by Jim Park

The article from Truck News provides essential cold-weather survival tips for truck drivers, emphasizing preparation and safety. Key advice includes:

1. Vehicle Maintenance: Ensure your truck is winter-ready by checking tires, batteries, and antifreeze levels.
2. Emergency Kits: Carry essentials like blankets, food, water, flashlights, and a first-aid kit.
3. Driving Practices: Reduce speed, maintain safe distances, and stay informed about weather conditions.
4. Personal Safety: Dress in layers and use high-visibility clothing.

For detailed insights, visit the article here.