These days, one of the biggest challenges that logistics companies face is supply chain visibility. It’s the ability to monitor and track goods in transit, which gives you a clear view of your current inventory activity.
However, with so many people, entities, and moving parts involved in the supply chain, monitoring the movement of your shipments can be difficult. Moreover, tracking products and analyzing inventory data in real-time proves to be an added challenge.
Fret not, though! This is where outsourcing can make a huge difference. More than 80% of professionals have chosen to increase logistics outsourcing budgets for their company, beyond what they already have for warehousing and fulfillment. Why is that? Well, they want faster speed to market, end-to-end visibility, and better data quality.
A lot of these errors have to do with not having enough help in your firm, or having your staff wear too many hats that they lose focus and occasionally make mistakes.
By outsourcing an offshore team that oversees your fleet’s tracking and analytics, your company becomes more flexible, and in turn, efficient when it comes to handling your supply chain. Here’s the top 3 ways outsourcing can greatly improve your logistics company’s performance:
1. Real-Time Tracking Thanks to Technology
Outsourcing, when used in conjunction with technology-based logistics solutions, can help reduce transit time by 50% compared to the traditional trucking industry.
One of the key benefits of outsourcing logistics is the ability to access real-time tracking and analytics data. Logistics softwares can help you make sense of your shipments and optimize routes, helping your on-ground fleet. With this, you can identify bottlenecks before they happen and lessen the possibility of delays.
However, such technology is useless without experts manning the fort. An offshore team can make use of such softwares to track real-time, helping you make more informed decisions with regards to the management and replenishment of your inventory.
2. Cost Savings
Taking care of your supply chain visibility through in-house solutions can prove to be pricey and time-consuming. Outsourcing this function of your logistics pipeline allows you more without having to make a significant investment.
78% of business owners have returned positive feedback after outsourcing with a partner, and even reported a savings of up to 50%
3. Adaptability and Scalability
Finally, outsourcing supply chain visibility offers scalability — allowing you to scale your business up or down, depending on your situation.
Based on a recent report, the market size of global supply chain analytics is expected to grow at a rate of 17.8% yearly from 2023 to 2030. Such growth can be attributed to factors such as the rising demand of e-commerce, which in turn, has increased the demand for real-time tracking and analytics.
Since managing your supply chain visibility via in-house solutions is becoming less and less common, outsourcing allows you more room to adapt: whether that’s the opportunity to hire on-ground staff, or innovating other areas in your supply chain with brand new technology.
For logistics companies, outsourcing your supply chain’s data and analytics can prove to be a strategic decision in today’s logistics climate. With the U.S. and even global e-commerce industries accelerating, you wouldn’t want to lag behind your competitors. Outsourcing supply chain visibility can empower you to make the right decisions.
Luckily, hiring a team of logistics pros from FGC+ is no trouble at all. Let our team help you with full logistical monitoring, coordination and communication between drivers and logistics facilities, and last quality assurance & control. Learn more about our services through our website at www.fgcplus.com.