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Where can we find affordable and efficient 3PL Logistics in Singapore?

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You’re well aware and there’s no need to tell you that the world as it happens and as this is being written is going through a Pandemic and with the news circulating that there might be a fresh wave brewing in some countries, so we are far from being over or getting over the COVID-19. 3PL

And as you’d have guessed, the same COVID-19 brought the world to a halt, which means it had affected every business or every institution there is on the Earth. The world was put to a stop.

So, while everyone was asked to stay at home and isolate themselves, people would wonder how they were going to get groceries and food. There were/are some countries that are on partial or smart lockdown where the grocery stores etc are open but there are some or many countries where almost everything is closed.

This is where the 3PL logistics come in. These logistics companies were/are responsible for delivering you the products you’ve ordered online. Be it anything, food, groceries, or anything. You still get them at your doorstep.

This also means that if COVID has caused such destruction that can’t be repaired, it did give a rise to the E-Commerce industry.

So, if you have a business or are starting one and just happen to be looking for a Logistics Company in Singapore, this content will guide you on what to look for when you’re fishing for Logistics Companies in Singapore.

 

What is a 3PL?

If you’re new, you must be wondering what a 3PL logistics company is.

3PLs have become an important part of many businesses’ supply chains. You are in charge of taking orders. They are fulfilled by your third-party logistics supplier (3PL). It’s that easy, and if it’s flawless, customers won’t think twice about the transition from received orders to fulfillment. A third-party logistics (3PL) provider is a link in the supply chain that brands utilise to outsource part or all of a company’s distribution and fulfillment services.

Before sending fresh goods to customers, 3PLs receive them from your producers. They are also capable of handling retail distribution and refunds. Finally, they provide an out-of-the-box experience for your orders.

 

Types of 3PL Companies-

So, It’s not just like you putting a finger on a logistic company and that might be the one for you. No, you should be choosing your 3PL company based on your business and the kind of services you provide. It is very very important to understand this because choosing a 3PL company is effectively choosing the mode and manner you want your goods or services to reach the end customer.

There are several types of 3PL Companies. Each of them is briefly discussed as below-

 

  1. Full-service 3PL solutions-

Full-service suppliers, such as the Shopify Fulfillment Network (SFN), provide companies with an end-to-end solution for getting orders to customers swiftly and simply. With a broad network of strategically situated fulfillment facilities around the country, full-service 3PLs like ours guarantee you have the appropriate goods at the right location, allowing orders to ship faster and at a lower cost.

 

  1. Warehouse- and distribution-based 3PLs-

With the impact of COVID-19 on order volume, the top warehouses served as trusted consultants to their clients by providing product fulfillment process best practices. The most typical kind of 3PL is a distribution warehouse, which stores, ships, and handles returns. Innovative warehouses can help you provide Amazon Prime-like two-day shipments.

 

3. Transportation-based 3PLs-

The global epidemic emphasizes the need of having a single dashboard from which to manage orders globally in real-time and automate delivery alerts.

Transportation-based 3PLs transport commodities from one point to another. They may, for example, carry merchandise between your production and warehouse or between you and your retail buyer.

 

4. Financial- and information-based 3PLs-

Many companies are focusing on unit economics, which necessitates insight into key warehouse operations such as pick-to-pack in order to better understand and quantify the costs associated with each unit or item sold. If you want to make quick and precise decisions during and after a crisis, you must have the financial information related to fulfillment at your fingertips.

Many companies are focusing on unit economics, which necessitates insight into key warehouse operations such as pick-to-pack in order to better understand and quantify the costs associated with each unit or item sold. If you want to make quick and precise decisions during and after a crisis, you must have the financial information related to fulfillment at your fingertips.

 

How should you choose your provider?

If COVID-19 has taught us anything, it is that choosing a 3PL partner is likely to be one of the most important decisions you will make. Not only must you ensure that your 3PL supplier will stay viable during the upcoming economic downturn, but you must also trust the provider you choose to look after your brand and deliver the client experience you envisage.

The proper partner may make or break your company’s logistics services, customer service, and percentage of repeat purchases. It is a big risk to entrust someone with sales, inventory, and other sensitive information. Choosing the appropriate partner necessitates a careful mix of quantitative data and relationship building.

 

What to look for in them (the providers)?

  • Is there an enforceable non-disclosure agreement in place? (NDA)
  • Do they have a track record of financial stability of at least two years and are prepared to share financial statements with you?
  • What are their business hours (including weekends and holidays)?

 

What to look for in your Business?

  • How many shipments do you receive from your factory on a quarterly basis?
  • How many orders do you send each month (in the B2C, B2B, domestic, and foreign categories)?
  • What is your maximum carrying capacity?

 

What to look for in the Provider (Performance-Wise)?-

  • Has their capacity increased over time? Is its growth consistent with your own experience and projections?
  • How many warehouses are they running?
  • Do their placements correspond to your high-traffic areas?
  • Do they have a long list of satisfied customers?

 

Conclusion-

This is somewhat of a small introductory but a very comprehensive guide to how you can choose your 3pl Logistics Company in Singapore.

I hope this article helps you. Thank you 🙂

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