(PRWEB) September 5, 2008
Eyefortransport's last report, 'The Impact of High Fuel Prices on the Logistics Industry 2008/9' revealed that near shoring is helping logistics executives to reduce inventory, optimize inventory and avoid congestion. Companies are looking for the next low-cost countries which close in distance will allow them to boost their profits by avoiding the fuel price dilemma.
41% of the 892 respondents revealed that higher fuel prices generated an increase in buffer stocks and larger loads being shipped. However, in spite of the impact that these changes have had on inventories and an increasing localisation of warehouses, 27% of respondents are still committed to the development of centralised distribution centers. This shows that the change is not immediate but will happen during the next couple of years.
A number of respondents said that they evaluate alternative transport options when lead-time is not an issue, i.e. road/ rail/ sea/ multi-modal transportation instead of airfreight, while others have expanded their use of 3PLs/ 4PLs, particularly those with shared-user facilities and vehicle fleets.
Eyefortransport's Report can be downloaded for free at http://events.eft.com/fuelprices/report.shtml
For more information contact Rodrigo Canete at rcanete @ eyefortransport.com