Logistics is the management of the flow of assets or goods from the point of origin to the endpoint of consumption. The future of logistics and transportation lies in technology and innovation.  This has been the issue of most concern. The pressure to remain competitive, deliver customer service, and find innovative ways to optimize their operations. Growth creates challenges and trucking companies who want to be successful must change to meet them. The companies which

An Interview with the MD/CEO Elvis C. Okonji Elvis C. Okonji (MD/CEO GPC Energy and Logistics) What have been the effects of COVID-19 on the energy and logistics industry? On the heavy-duty truck haulage industry, COVID-19 had a direct impact on revenue projections and consequently liquidity, and profitability projections industry wide. For example, we achieved about 73% our turnover projection for FYE 2020 as a fallout of COVID-19 and other economic inefficiencies such as port

In the last few months, the global pandemic has affected almost all aspects of the world economy. One industry that has seen particularly noticeable changes over the past few months is e-commerce. As self-isolated consumers turned to online shopping, it has created immense pressure on the supply chain logistics industry to keep up with the increasing demand.  As a result, logistics companies are stepping up with innovative strategies to respond to these rapidly shifting logistics

As a business owner, you may be well aware of the economic value of outsourcing your company’s supply chain management to a third-party logistics provider. However, if you have yet to consider a 3PL (3rd Party Logistics)provider for one reason or another, now may be the time to reevaluate. Value-added 3PL services offer an array of advantages that many companies are becoming privy to resulting in strong and continued growth in the third-party logistics sector.

Cost reduction is a crucial subject in logistics and we often see companies struggling to devise strategies to achieve cost reductions. In today’s blog post, we will go over five key areas that you can focus on if you want to improve the bottom line of your logistics business by reducing costs. 1.Inventory Level Management Maintaining an optimal level of inventory is the first area for you to focus on if you are looking at