General Mills Inc. suffered the worst plunge since mid-2015 after shipping costs and other expenses squeezed profit margins to their thinnest point in years.

The ability to reduce risk for companies that use 3PLs can be narrowed down to the type of relationship that exists between the two parties. Typically, companies opt for a "vendorship," in which they simply purchase a service at an optimal price. Ideally, they should have a partnership with their 3PL providing them a seat at the table where the company's strategy is developed. -Daniel Sears, Senior Consultant, Tompkins International

Multiple business influences mean that managing global supply chains in a digital economy requires a new perspective and skill set not yet robust in many firms. Achieving this end state requires transformation of key supply chain activities – one of which is transportation. -Karl B. Manrodt, Professor of Logistics and Supply Chain Management, Georgia College & State University; and Mary Collins Holcomb, Professor of Supply Chain Management, University of Tennessee