Cleveland third-party logistics
If you’re in the market for Cleveland warehouse space, a bit of insider advice from third-party logistics experts: Start your search early. Lock in the deal as soon as possible.
Recently, The Wall Street Journal reported warehouse space leasing has become increasingly rivalrous as online sales impose evermore unforgiving time crunches on already-squeezed U.S. and Ohio warehouse and distribution centers. Just in the 2018 third quarter, real estate brokerage firm CBREGroup calculated a sharp drop-off in the industrial warehouse vacancies – even though nearly 50 million spare feed of new warehousing capacity hit the market during those three months. The upshot is that as distribution demands rise, Cleveland warehouse space is snapped up almost as fast as it’s built.
On the one hand, this is good news because it’s a signal of a robust economy for consumers. However, that’s only part of the story. Bigger picture, it’s the exponential growth of e-commerce and corresponding shift in infrastructure. To further break it down, shoppers turning to the internet for everything from loaves of bread to love seats, many third-party logistics companies and their warehouses are hurdling toward or hovering at capacity.
Warehousing is critical because client confidence can be bolstered or broken based on satisfaction with the good condition and timely delivery of products. Cleveland warehouse space shortages can lead to supply chain bottlenecks that can ding consumer satisfaction.
Third-party logistics is more than just a contract. It’s a relationship. On Time Delivery & Warehouse 3PL partners trust us to perform materials management and product distribution functions, but for us, it goes beyond that. We represent an extension of our client to their clients. Many shippers need customized offerings with a broad range of capabilities – encompassing freight shipping, trucking, warehousing and distribution. We deliver that. Ultimately, though, it’s about forging a long-term, mutually-beneficial accord.
Finding the Best Cleveland 3PL Partner
Market research released by IBISWorld last month revealed there are nearly 19,000 third-party logistics providers in the U.S. – a figure expected to grow the next five years, given the uptick in consumer spending, industrial production and trade. Northeast Ohio and other areas around the Great Lakes are concentrated in 3PL providers because of the high volume of manufacturing, trade and other commercial activities.
That means shippers have an array of choices in third-party logistics options. Choosing the best for your needs means weighing a host of factors (i.e., expanse of valuable carrier networks, service areas, supply chain and freight costs, freight accounting, performance auditing, punctuality, scalability, financial strength, responsiveness, technological tools/ data-sharing, excellent industry references, corporate culture, etc.). However, evaluation of the third-party logistics relationship shouldn’t stop once you’ve signed a contract.
The market for third-party logistics (3PL, or sometimes TPL) in Cleveland and globally is on an upswing, according to recent analysis by researchers at TechNavio.
For those unfamiliar, third-party logistics and supply chain management is when companies use third-party businesses, like On Time Delivery & Warehouse, to outsource elements of distribution and fulfillment services. A wide range of industries benefit from having a third party involved in the logistics process, which helps reduce cycle times and inventories, lower cost and bolster customer service.
The more companies discovering the profitability of hiring a 3PL, the faster the industry and demand grows. Ohio is considered a prime route for 3PL because of its central Midwest location and easy highway access.
At On Time Delivery & Warehouse (OTDW), our Cleveland 3PL is at the forefront of this growth trend, offering business-to-business operations a reliable means to meet rising consumer demand. We’re not just any Cleveland trucking company or warehouse provider. We pride ourselves on fast, efficient distribution and transloading freight operations. Clients trust us to quickly and carefully load, unload, store and ship their materials and ensure customers receive them punctually and in excellent condition.