E-commerce sales are on track to hit $523 billion by 2020, up 56% from $335 billion in 2015. And by 2020, expectations are that 270 million consumers to be browsing and buying online, up from 244 million in 2015.
Business-to business (B2B) e-commerce sales are hitting even bigger targets, and on track to surpass $1 trillion by 2020, up from $305 billion in 2014.
Manufacturers, distributors, and retailers will need to wrap their arms around what these increased volumes mean for their businesses. The supply chain from point of origin to end user must be assessed, and approached, in various non-traditional ways.
Third-party logistics (abbreviated as 3PL, or TPL) is when a company uses third-party businesses to outsource elements of its distribution, warehousing, and fulfillment services.
3PLs is a great approach as e-commerce sales continue to grow. In order to compete, many companies are looking to outsource critical operations and fulfillment duties that fall outside their core strengths.
A trusted 3PL partner will free up your company’s team to focus on growing and managing your business.
We can provide all of the necessary operational tasks: hiring warehouse workers, maintaining equipment, paying rent, keeping track of pallets, etc. Our flexible warehouse space and labour share initiatives enable us to complete those tasks quicker, cheaper and more efficiently than you could in your own warehouse.
A 3PL should be both a solutions provider and an adviser that you can trust. A collaborative environment, where both parties contribute to the solution development, makes sure that your products are brought to market faster and cheaper.
FMi continually drives investment in our training and business systems to support your growth into e-commerce market places.
FMi’s multi-client warehousing environment can provide a logical, practical solution to your businesses storage and distribution needs. Give us a call or Request A Quote today. We would love to hear from you and discuss how we can help you grow.