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Building a High Growth, Customer-Focused 3PL with Betsy Westhafer

Building a High Growth, Customer-Focused 3PL with Betsy Westhafer

FromThe Logistics of Logistics


Building a High Growth, Customer-Focused 3PL with Betsy Westhafer

FromThe Logistics of Logistics

ratings:
Length:
30 minutes
Released:
May 1, 2020
Format:
Podcast episode

Description

Building a High Growth, Customer-Focused 3PL with Betsy Westhafer Joe Lynch and Betsy Westhafer discuss building a high growth, customer-focused 3PL. In Betsy's experience, the difference between a high growth company and a low growth company is customer focus. The companies that build their entire business around the customer and customer engagement become market leaders. Betsy is the CEO of The Congruity Group and has years of experience in helping other companies improve their customer focus. Today, she’ll outline the strategies your company needs to adopt for success today. About Betsy Westhafer Betsy is the founder and CEO of The Congruity Group. The Congruity Group works with CEOs and private equity firms to increase the value of their companies by accelerating recurring revenue, customer retention, and account expansion. Betsy is passionate about helping companies establish strategies to facilitate deeper connections with customers. Betsy attended Western Kentucky University where she studied Journalism, Public Relations, and Business Administration. About The Congruity Group Congruity means alignment, and The Congruity Group was formed to help organizations reach this alignment. They use strategic conversations that will give a greater insight into customer needs and facilitate a deeper relationship with client bases. The Congruity Group offers in-person and digital customer advisory boards tailored to your company to help you achieve your goals. The Have-Nots (Not Experiencing High Growth) The have-nots are not seeing growth, because they lack customer focus and alignment despite their belief that they know what their client base wants and needs. They only know their customers on a superficial level. The market changes and evolves quickly. What worked a few years ago may not be working for them now, but they have yet to see the need to update their strategies. This leads to unimaginative marketing strategies. Lack of communication with the day-to-day staff causes a disconnect between them and the senior management. This leads to ineffective sales teams because they are trying to sell something that customers don’t necessarily want or needs. The Haves (Experiencing High Growth) The haves (customer-focused 3PLs) understand their customers on a deeper level, so they can build breakthrough value propositions and superior products. They understand the need for deeper relationships with their customer base and use them to create new insights and innovations that fulfill their needs. The haves show alignment with their customers by demonstrating marketing, values, onboarding, and sales in sync with the customer. Noteworthy Questions - Building a High Growth, Customer-Focused 3PL [5:14] In your experience, what’s the difference between the companies that are winning and the companies that are not winning? [16:15] The haves understand their customers and align with them so talk about that. [19:37] Talk to us about a process that helps us get these deeper insights. Key Takeaways - Building a High Growth, Customer-Focused 3PL Senior management should commit to a process for understanding the customer. Recognize that it takes time and effort to develop a strategy for better understanding the customer. Consider a neutral third party to offer advice. It is often hard to see what needs to change when you have been making decisions in a bubble for so long. Ask questions of the customer and accept feedback. Take their feedback and use it to implement change. Maintain strong lines of communication with the customer. Keeping them updated builds trust and deepens the relationship. Leverage your relationships with existing customers to create a base that will advocate for you when trying to expand. Learn More About Building a High Growth, Customer-Focused 3PL Betsy Westhafer LinkedIn The Congruity Group ProphetAbility: The revealing Story of Why Companies Succeed, Fail or Bounce Back Transportation Marketing & Sales Association
Released:
May 1, 2020
Format:
Podcast episode

Titles in the series (100)

The Logistics of Logistics is a podcast hosted by industry expert Joe Lynch. Joe interviews founders, executives, and innovators who are shaping the future of logistics and supply chain. Topics include transportation, logistics, warehousing, technology, supply chain, and ecommerce. The Logistics of Logistics audience expects an inside perspective of what’s next in logistics and supply chain delivered via podcasts, videos, and articles. Topics include: Transportation Topics Small package, Small parcel, Air Cargo, Ocean Shipping, Ocean freight, Bulk carriers, Cargo ships, Container ships, Tankers (ocean tankers), Refrigerated ships (reefers), Roll-on/roll-off ships, Multi-purpose ship, General cargo ship, Break bulk cargo, General cargo, Less Than Truckload, LTL, Tractor, Trailers, Tractor-trailers, 48-foot trailer, 53-foot trailer, Truck lift-gate, Truck terminals, Truckload (TL), Full Truckload (FTL), Freight, Palleted freight, Pallets, Fleet acquisition, Equipment, Drivers, Truck Drivers, Driver leasing, Driver training, Driver safety, Hours of Service (HOS), Electronic Logging Device (ELD), Driver outsourcing, Dedicated Contract Carriage (DCC) Carrier contract, Spot rates, Contract rates, Pickup and delivery, Carrier Instructions, Freight characteristics, Dock management, Intermodal, Containerization, Containers, Final mile, Last mile, Rail transportation Warehousing Topics Warehouse storage, manufacturers, importers, exporters, wholesalers, transport businesses, customs, Pick and Pack, Sub-assembly, Site Location, Distribution Center Management, Inbound shipping, Outbound shipping, Receiving, Putaway, Put-away, Order processing, Replenishment, Pulling, Restocking, Picking, Validation, Sorting, Distribution Center Management System (DCMS), Vendor Managed Inventory (VMI), Supply, Demand, Inventory, Inventory Management, Cross-docking, Cross-dock, Ecommerce fulfillment, Fulfillment, Packaging Logistics Topics 3rd party logistics, 3PL, 4th party logistics, 4PL, Just-in-Time (JIT), Payment auditing, Freight auditing, Payment Processing, Freight brokerage, Freight broker, Digital freight brokerage, Digital freight broker, Transparency, Visibility Special Topics Direct to Home, Direct to Store, Sustainability, Green Logistics, Reverse Logistics, Product Lifecycle Management, Supply Chain Security Analysis, Contingency planning, Crisis Planning, Global Expansion, Foreign Trade Zone (FTZ), Logistics Consulting, Transportation Consulting, Import / Export, Customs, Labor Management, Marketing Services, Customer Service Technology Topics Supply chain technology, Freighttech, Freight tech, Freight technology, EDI, Enterprise Resource Planning (ERP), Predictive Analytics, Technology Services, Web Services, Global Trade Management (GTM), Transportation Management System (TMS), Warehouse Management System (WMS), Supplier Management, Customer Management, Cloud Based Solutions, Wireless