Partnering with companies with similar logistical requirements can boost your bottom line. Over the past decade, numerous supply chain experts have extolled the virtues of collaboration, a supply chain practice that has the potential to help shippers substantially reduce waste, minimize redundancy, and save money. The concept-defined for the purposes of this article as bringing two or more companies with similar supply chain needs together so they can share costs for facilities, take advantage of greater economies of scale, and use their combined volumes to build more cost-effective shipments-has always made sense. But it's become even more compelling in this era of escalating fuel prices, small profit margins, and heightened sustainability.
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