Fourth-party logistics providers don't have a distinct definition, says Josh Nelson of the Hackett Group, but they often cover ground like reverse logistics that third-party logistics firms can't handle. Trust over time is key for a company to allow a 3PL to take on additional duties, Nelson adds.
British Prime Minister Theresa May said at the end of an EU summit the UK is prepared to leave the EU without a transition arrangement "if we get to the position where it is not possible to reach a deal." The statement came after European Council President Donald Tusk said the UK's proposed Brexit plan "will not work."
A move away from a global focus is becoming necessary for many companies in favor of customized local supply chain operations, says a report from A.T. Kearney. While companies should still compete internationally, there's a need to avoid applying a one-size-fits-all approach to all operations and instead create a customized solution that fits the local community.
The US economy is growing, with gross domestic product up 2.9% in 2017, but the demand is straining logistics services in all sectors, according to a report from CSCMP and Penske Logistics. Costs have risen 6.2% in the past year due to increasing interest, higher fuel prices and a strained labor market.
Commercial trucks will not have full access to the Port of Wilmington in North Carolina until Monday due to the lingering Hurricane Florence-related floodwaters. However, a large transport ship will arrive in the port to provide relief supplies to the area.
Norwalk, Conn., is working toward data-sharing agreements with three companies to implement connected-vehicle technology. The agreements are intended to allow the city to share real-time traffic signal information and get data from connected-vehicle apps to relieve congestion and enhance safety.
Improving your awareness of who you are, how you behave and what you need helps with your career and has grounding in research, writes LaRae Quy. "Inaccurate self-assessment leads to sales targets that can't be met, deadlines that can't be carried out and performances that are promised but not delivered," she writes.
Just as the ancient Greeks talked about ethos, logos and pathos, making persuasive arguments today requires credibility and logic, as well as an emotional appeal, says Carmine Gallo, Harvard instructor and author. "Everything about human nature -- from the stock market to where we invest to how we vote -- is based on our emotional narratives that we tell each other as groups and within individuals," he says.
Jerry Dias, president of Canadian trade union Unifor, says a deal with the US on the North American Free Trade Agreement is unlikely this week, although negotiators are still in discussion. As pressure mounts to resolve outstanding issues, US Chamber of Commerce President Thomas Donohue says failure to reach agreement could jeopardize a US deal with Mexico.
The San Francisco County Transportation Authority plans to collect tolls on vehicles entering or leaving Treasure Island starting in 2021. Toll rates will vary depending on the time of day, and the goal is to reduce congestion.