Looking back at the past three years from a business perspective, one cannot help but marvel at what supply chain outsourcing companies can achieve. The COVID-19 pandemic confined us all to our homes, leaving us no choice but to trust the online marketplace for our day-to-day needs. Just a few decades ago, such a notion would have garnered laughter and mockery from the general public. But now, e-commerce giants like Amazon and eBay, as well as a giant swathe of online marketplaces have proved the age-old notion incorrect.
Supply chain outsourcing has been nothing short of miraculous. Products from across the world are coming to our doorsteps in a matter of days. A thriving global economy built on maximum accessibility has come into being. And all of this success must be credited to supply chain outsourcing companies.
So, we thought that it was only right that we take a look back and see which companies led the charge in driving this global economy forward.
All of these top 5 supply chain outsourcing companies listed here have their own share of pros and cons. If a company is not mentioned, that is by no means a strike against them, they simply passed our notice. These ratings are less about telling you which supply chain outsourcing companies to partner with. It is more about celebrating some of the greatest contributors to the current global business community.
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The Top 5 Supply Chain Outsourcing Companies of 2024
Boasting an already great rapport in the e-commerce and freight industry, DSV has been on the top of its game ever since its merger with Panalpina. The company specializes in providing integrated international supply chain and logistics solutions to businesses. After their newest acquisition of Agility in 2021, Transport Intelligence (Ti) reported that they would be the single biggest freight forwarding company in the world in terms of revenue.
Combining the expertise and infrastructure of three established giants among supply chain outsourcing companies, DSV brings e-commerce businesses, a robust global supply chain network. On top of that, their world-class supply chain management experts are nothing to sneeze at. It can bring massive system improvements and efficiency boosts. The company has only grown as time has gone on. It now stands as an example of what we have built up as an industry.
4. Ryder System, Inc
Ryder is a household name among supply chain outsourcing companies. There are a good chunk of US businesses leveraging their services to great effect. They specialize in fleet management, with a dedication to supply chain optimization. And to top it off, their services lie well within the reach of small businesses. E-commerce businesses with quaint, niche stores will find their services much more effective than other providers that specialize in managing vast supply chain networks. They have left quite a positive impact on the industry in the last three years.
Speaking of cost efficiency, who can forget XPO? Not only are they known for their innovative technological and methodical strides, but they are also the top choice for businesses that need Less-Than-Truckload (LTL) logistics solutions.
Their specialization lies in last mile delivery, with a special focus on supply chain optimization. As noted by analysts at Yahoo!finance, XPO “made it its business to care about what happens with products between manufacturing and final purchase.”
Basically, what is being highlighted is just how customer-focused XPO is. Their simple approach of providing a delivery service that is highly accessible, with innovations like voice access for the blind, makes them a company that demands respect.
If nothing else, nobody can claim that XPO is not dedicated to its clients. Its diligence in making its services accessible and as efficient as possible is well worth noting.
2. UPS Supply Chain Solutions
In Issue 18 of North America Outlook, UPS explains its comprehensive supply chain outsourcing solutions, and what sets it apart from other supply chain outsourcing companies. In a nutshell, their primary stress is on helping their clientele understand their relationship with UPS. The company discusses integration with partner firm Domo, which will incorporate extensive data analysis and insights into its existing dashboard. A lot of technological progress is on the horizon for UPS supply chain solutions, while they may veer on the more expensive side.
UPS Supply Chain Solutions also ranks highly among the top air-forwarding services in the world. It is a staple in the business landscape. Their new ventures into technological innovation and enhanced infrastructure are something to definitely keep an eye out for. Larger corporations that have use of these sophisticated tools will find them to be a strong contender for their patronage.
The last name to make it on our list is the German giant, DHL. Infamous among supply chain outsourcing companies, few can argue against choosing DHL. Their services have only gotten better as time has gone on. They stand as one of the most respected names in the industry. Their contribution to charity is also something to be commended, with multiple foundations in their name working hard to make the world a better place.
Among DHL’s many accolades, the most recent medal under their belt comes from Gartner. DHL has been named a Leader in the third-party logistics industry by Gartner, with CEO Oscar de Bok commenting: “This growth has been made possible due to our customer-centric approach to technology and innovation which has allowed us to scale fast and optimize our e-commerce execution.”
Looking Towards the Future: EA’s Supply Chain Outsourcing Services
2024 is on the horizon, and a number of new challengers have appeared on the scene to shake up the supply chain outsourcing scene. Expertise Accelerated’ supply chain outsourcing services being one of these new players on the block. There can bureaucracy and red tape that sometimes comes along with working with the high-profile firms. Thus if you are a small business that is not keen on dealing with such bureaucracy and red tape. And you are looking for a dedicated supply chain management professional then look no further. EA is the perfect fit for your needs. EA’s refined staff augmentation methodology is a new flavor of outsourcing that is, at the very least, worth checking out. Book a free consultation with EA CEO Haroon Jafree and decide for yourself.