Key Factors to Managing Rising Logistics Costs

We have all heard the truism, “the only sure things in life are death and taxes” but for manufacturers, that axiom could be extended to read, “death, taxes and logistics costs.” Logistic Costs: The amount of money associated with the purchase, transport, storage and distribution of goods are an unavoidable part of the supply chain process. In recent years, logistics costs have increased at an alarming rate. Businesses have been forced to stymie expansions into new markets because transportation costs associated with the market are prohibitively high, increasing the timeline for profit. Other businesses have experienced the need to cost-cut service or alternatively, pass along increased logistics costs to customers.

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