Companies often flaunt new technological tools as reducing mistakes and increasing productivity beyond established expectations. This is particularly true when it comes to the shipping and logistics business.
Investing in a logistics partner often requires a crash course in acronyms. Companies talk at length about 3PLs, 4PLs, and other equally confusing designations, sprinkling in terms such as "brokers" and "brokerages." It's enough to make anyone's head spin.
To cut through the confusion and determine whether your company needs to partner with an LSP or a broker, ask yourself a few questions.