Why 3RD Party Logistics and Why Sri Lanka?

If you are looking for a reliable and cost-effective way to manage your supply chain, you may want to consider 3D party logistics (3PL) as an option. 3PL is a service that allows you to outsource some or all of your logistics functions to a third-party provider, such as warehousing, transportation, distribution, customs clearance, and more. By doing so, you can focus on your core competencies and reduce your operational costs and risks.

But why choose Sri Lanka as your 3PL destination? Here are some of the benefits that Sri Lanka offers as a 3PL hub:

1. Strategic location: Sri Lanka is situated in the Indian Ocean, at the crossroads of major trade routes connecting Asia, Europe, Africa, and the Middle East. This means that you can access a large and diverse market with shorter transit times and lower shipping costs.
2. Infrastructure development: Sri Lanka has invested heavily in developing its infrastructure, especially in the areas of ports, airports, roads, railways, and telecommunications. The country boasts of having the largest and busiest port in South Asia, the Colombo Port, which can handle mega container ships and offers modern facilities and services. The country also has several other ports and airports that can cater to different types of cargo and destinations.
3. Business-friendly environment: Sri Lanka has a stable political and economic system, with a democratic government and a market-oriented economy. The country has a favorable business climate, with low taxes, incentives, and regulations for foreign investors. The country also has a skilled and educated workforce, with high literacy and proficiency in English. Sri Lanka ranks among the top countries in South Asia in terms of ease of doing business, competitiveness, and innovation.
4. Quality standards: Sri Lanka has a reputation for delivering high-quality products and services, especially in the sectors of apparel, tea, spices, gems, and tourism. The country has adopted international standards and certifications for quality management, environmental management, social responsibility, and security. The country also has a strong legal system that protects intellectual property rights and enforces contracts.
5. Social responsibility: Sri Lanka is committed to promoting social responsibility and sustainability in its business practices. The country has ratified several international conventions on human rights, labor rights, environmental protection, and anti-corruption. The country also supports various initiatives and programs that aim to improve the social and economic conditions of its people, especially the poor and vulnerable groups.

Compare the services and rates of the freight forwarder. You want to find a freight forwarder that offers the services you need, such as air freight, ocean freight, customs clearance, warehousing, logistics, etc. You also want to compare the rates and charges of different freight forwarders, and look for any hidden fees or surcharges that might increase your costs. You can request quotes from multiple freight forwarders by contacting them directly to negotiate the best deal. A good freight forwarder will be able to provide you with a detailed breakdown of the cost components, such as freight charges, fuel surcharges, documentation fees, terminal handling charges, etc.

Verify the credentials and certifications of the freight forwarder. You want to ensure that the freight forwarder you choose is licensed and authorized to operate in Sri Lanka and your destination country. You also want to check if they have any certifications or accreditations from reputable organizations, such as FIATA, IATA, WCA, etc. These indicate that the freight forwarder meets certain standards of quality, professionalism, and ethics. You can verify the credentials and certifications of the freight forwarders on websites like SLFFA.com or contact them directly to ask for proof. A certified and licensed freight forwarder will be able to comply with the rules and regulations of both countries, and avoid any delays or penalties that might affect your shipment cost.

Communicate with the freight forwarder and establish a good relationship. You want to work with a freight forwarder that is responsive, transparent, and proactive in communicating with you throughout the shipment process. You also want to establish a good rapport and trust with them, so that they can understand your needs and expectations, and provide you with customized solutions. You can communicate with the freight forwarders via phone, email, chat, or visit their offices in person. A good freight forwarder will be able to update you on the status of your shipment, inform you of any changes or issues that might affect your shipment cost, and offer you alternative options if needed.

"As you can see, Sri Lanka offers a multitude of advantages as a 3PL destination, poised to optimize your supply chain performance. If you're keen on exploring the opportunities that Sri Lanka can offer your business, I invite you to reach out today. Contact me for more information, and let's discuss how our experienced 3PL Leaders, with over 20 years in the industry, can provide you with tailored and integrated logistics solutions. I look forward to hearing from you soon and helping your business achieve its logistics and supply chain goals."