In this post I'm going to break down some of Murphy's practices regarding asset allocation strategy (lease vs. own), sustainability efforts and location strategy that have been critical to Murphy's long standing run as a third party logistics firm (3PL).
Online retailers have enough to worry about simply merchandising and marketing their product. So, throwing warehouse operations into the mix can be overwhelming. Often times, optimizing warehouse operation practices takes a back seat to other divisions. Here are six ways to put warehouse operations to work for you.
Leasing is an important activity for many organizations - whether a public or private company, or a not-for-profit organization. It is a means of gaining access to assets, obtaining financing, and reducing an organization’s exposure to the risks of full ownership of the underlying asset.
As space availability continues to tighten up in second and third tier markets, rental rates will increase and I expect you will see logistics companies with a large owned footprint dominate bids for logistics contracts until there is a downward shift in the market.