Mike Gorey

There has certainly been a great deal of interest in the concept of the "virtual 3PL/order to cash solution". There have been more complaints from manufacturers about their current 3PL partners than I can recall during my 30 years in Trade and Distribution. Is it time to review your current 3PL performance? CDT Pharma Strategies LLC has been working with multiple pharmaceutical and cell and gene manufacturers on both these 3PL health checks for current 3PL partners, along with new manufacturers bringing their first product to market over the next 12 to 18 months. This emerging virtual solution comes with some clear pros and cons that all manufacturers should be considering prior to moving forward with this option. Let us know if we can support your team with 3PL / order to cash insights to best assess the health of your current 3PL relationship or identify the unique pros, and cons unique to your organization prior to identifying any emerging or first-time strategies in the 3PL space.

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Just released! 👇👇 NEW Freight Market Update - What are spot market rates doing? - What about regional freight rates? - What about load to truck ratios for van/refer/flatbed? - Is fuel up or down? LINK in comments! PLUS comment below cause I'd love to hear your prediction for 2024/2025? #freightbroker #freightbrokerbootcamp #logistics #3pl #freightmarketupdate #freight #freightrates #trucking

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#distribution is a "pennies business" with an industry standard of 2% gross margin. How are businesses supposed to compete when credit card fees cut their profits? NAW's trusted A/R partner, Unified A/R, helps distributors with a strategy around credit card surcharging. See below for some updated distribution intelligence.

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When you step into a business, you should feel the culture almost immediately. But that vibe only comes from having GOOD people! #WarehouseChat #SupplyChain #WarehouseSolutions #IndustryNetworking #Logistics #IndustryTrends #SupplyChainPodcast #MaterialHandling #Leadership #CultureMatters

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Your growth wirh Amazon wholesale depends greatly on how quickly you can get inventory available for sale. This can happen 2 primary ways. #1. More consistant outgoing shipments regardless of shipping method. #2. Upgrade to the next shipping method to send more inventory per shipment. SPD < LTL < FTL Prep centers are great, especially if you want to be more hands off but without solid communication and specified guidlines on turnaround times, it can greatly decrease the time it takes for your inventory to be recieved prepped and shipped to amazon to be available for sale. Go get it 🔥

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If you're an LTL shipper who sells your products on your website, it just makes sense for your ERP and TMS to be integrated. 💻 ⚙ Real-time connections between the systems you use on a daily basis aren't just a convenience these days—They're a requirement for any business looking to scale. Disjointed systems lead to major gaps between departments and processes. Those gaps cause increased errors, decreased efficiency, and ultimately, unhappy customers. When your systems digitally talk to each other, you're able to streamline operations and give your customers what they're looking for. These connections bridge gaps and help you become a proactive shipper. Watch MyCarrier Senior Account Executives Brennan Hanss and Chris Pick explain more. 👇 How is your organization tackling integration challenges? If your systems are integrated, how do you benefit from connected processes? #ERPintegrations #TMS #Shipping #LTL #Freight #Manufacturing #SupplyChain #Logistics #SmallBusinessTips

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This week we have a PGCA member asking about recommendations on LTL (Less Than Load) shipping companies.  Do you have a company you trust? Let us know!  If you can provide a response, simply send an email to info@printcommunications.org, and we will pass your contact info/ answer/ suggestions on to the member making the inquiry. The responses will be compiled confidentially and distributed to those who respond to the question!

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Brand founders - don’t let your 3PL tell you this half-truth. The ‘99%’ half-truth. Most brand founders are misled by logistics companies. The logistics companies will tell you something like: ”We ship 99% of our packages on time”. Yeah sure. - What happens to them when they leave your warehouse? - Do all of the 99% of orders make it to the customer on time? - Do all 99% of the orders you ship on time get shipped in good condition? - Do all 99% of orders that leave your warehouse on time go to the right destination? The problem is that brand founders are spread thin. So when the founders outsource logistics, they expect it to ‘just work’. There’s no time to keep close tabs. And the logistics industry knows that. So there’s no incentive to fix BIG problems. Instead, providers pass the blame around when things go wrong and sell their services on shaky foundations. Which is why the logistics industry is so broken. But there’s already a solution out there. I saw the solution first-hand when I ran Amazon Flex in the UK. Fulfillment by Amazon (FBA) has solved the problem by connecting the dots. Rather than being exclusively a warehouse, exclusively a delivery company, or exclusively a sorting facility, they have taken ownership of the whole system, from order receipt to product delivery. I wanted to build a logistics company like that. So that eCom/DTC businesses who don’t want to use Amazon can still have that world-class approach. That’s why I built Bezos.ai. I’m now obsessed about the whole order journey, not just what leaves the warehouse. Quick question to DTC/eCom people: were you aware of this issue?

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Come talk to us at JOC Breakbulk today! Simplify your AMS & ISF filings. #breakbulk24 #logistics #seafreight #import #freight #freightforwarding

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Salaries for supply chain pros increase, survey says https://ow.ly/xfr150Rfqcl #fasteners #fastenerdistributors #fastenerdistribution #fastenernews #supplychainprofessionals #supplychain #salaries

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Supreme accuracy in order fulfillment has quickly become the standard and we utilize technology to exceed these expectations. #FulfillmentCenterFriday #inventorymanagement #inventory #3pl #technology #fulfillment #logistics #thirdpartylogistics

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Plumbers tend to see plumbing problems🚽 I work with a high growth CPG brand and we were recently discussing their inbound/outbound costs and how we can potentially reduce their costs beyond CSP with an LTL carrier and/or LTL consolidation. 👉Their contract manufacturer is in NE Oregon. 👉Their 3PL is in the TX panhandle. 👉Their retail/distributor customers are all over the US (KeHE, Whole Foods, Costco, Thrive, Mclane). When they asked their 3PL about potential LTL savings if they moved to Kansas City or Chicago, the 3PL scoffed, “you won’t see any savings”😅 Well that would be true if: - Inventory just 💥appeared💥 in TX from California - If the FTL cost to the TX panhandle wasn't similar/more expensive than Kansas City/Chicago. - If they weren't being hit with rural access/extended range charges by LTL carriers - If they weren't seeing missed pickups due to extended ranges beyond the closest LTL terminals, limiting the number of carriers they can work with. When asking for advice, consider your advisors’ motives. Plumbers tend to see plumbing problems🚽 - - - - - - #cpg #3pl #ecommerce #supplychain #logistics

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