Come Together: Logistics and the Sharing Economy

Embracing the sharing economy with amazing working features like supply chain collaborations,
industry crossovers, and unexpected partnerships is what Logistics does.
What are the two main challenges?
● Finding a way to manage fulfillment.
● A place to store its products.
Getting Connected
The most important part is getting connected. Making connections simply means that one will
help others and the other will help others. Required results are just customer satisfaction. In the
shipping world, omnichannel sales and many business models are intersecting with the sharing
economy. This helps in making these assets available whenever people want or need them at
more affordable prices.
Warehousing on Demand
What is warehousing on demand?
It is an online marketplace that allows customers to access shared warehousing, fulfillment, and
logistics services on a pay-per-use basis.
On-demand warehousing, companies use technology platforms to create a network platform.
What they do is that they connect with more than 1000 warehouses with experts, retailers, and
brands to resolve capacity constraints. They have to keep looking for more and more innovative
ideas to reach customers as fast as they can because customer’s need constantly evolve and
the shippers just can’t sit back.
Bringing in 3PL partners
The traditional warehouse’s process to invest in a dedicated space. Signing long time leases
and working with third-party logistics partners commonly pronounced as (3PL).
In evert notes, it is said that “Sometimes, we bring them a piece of business that they may not
have gotten themselves, and we can help 3PLs, especially regional providers, fit into a brand’s
national warehouse and logistics strategy.”
Ryan Martin, president of distribution services at ITS Logistics said,” Everyone thinks that
Walmart has all the space in the world, but they are still building out the e-commerce side of the
business.”