Financing capital-constrained third party logistic firms: fourth party logistic driven financing mode vs. private lending driven financing mode

Zhang, Yi; Li, Xiang; Wang, Liang; Zhao, Xiande; Gao, Jinwu

doi:10.1080/00207543.2021.1907472

Cited by 10 publications

(7 citation statements)

References 29 publications

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“…Luigi et al proposed a mixed-integer linear programming (MILP)-based network optimization approach featuring both drones and trucks to minimize routing costs [14]. Zhang et al used a game-theoretical approach to highlight the value of 4PL financing modes [15]. Qian et al proposed a two-stage stochastic winner determination model by integrating hybrid mitigation strategies to cope with disruptions [16].…”

Section: Fourth-party Logistics Optimizationmentioning

confidence: 99%

Cost-Optimal Pathfinding Model for Multi-Echelon Logistics Network Design and Optimization: A Fourth-Party Logistics (4PL) Perspective

Lim

Dang

Chen

et al. 2022

Advances in Transdisciplinary Engineering

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The adoption and integration of e-commerce strategies into existing business models have allowed many companies to broaden their customer base and boost profits. However, the lack of a cost-efficient logistics planning model often results in the unsatisfactory performance of complex multi-echelon supply chain networks. As transportation planning and scheduling are typically managed via independent entities within the supply network, one key challenge is achieving maximum asset utilization rates considering production flow, logistics cost, and delivery time constraints. This study leverages digital twin capabilities to propose a 4PL-oriented heuristics search model for omnichannel logistics planning and scheduling. The approach aims to enhance transportation flow and resource utilization while shortening waiting times within multi-echelon networks. An industrial case study is featured to validate its cost-effectiveness.

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Section: Fourth-party Logistics Optimizationmentioning

confidence: 99%

Cost-Optimal Pathfinding Model for Multi-Echelon Logistics Network Design and Optimization: A Fourth-Party Logistics (4PL) Perspective

Lim

Dang

Chen

et al. 2022

Advances in Transdisciplinary Engineering

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“…De and Singh [35] examined the impact of different channel leadership strategies to promote proper decision making on prices and logistics service quality in the fresh agri-product supply chain in the post-COVID-19 era. Zhang, et al [36], investigated the attractiveness and effectiveness of the 4PL-driven and private lending-driven financing models when a capital-constrained 3PL seeks credit loans. Wu, et al [37], considered that product survival rate and freshness level are functions of the level of logistics service, and examined the decisions of distributors and logistics service providers under different channel power structures with unit pricing contracts.…”

Section: Logistics Service Supply Chain Managementmentioning

confidence: 99%

Fourth-Party Logistics Environmental Compliance Management: Investment and Logistics Audit

2022

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To manage the environmental impact of logistics, we considered a logistics service supply chain consisting of a fourth-party logistics company (4PL) and a third-party logistics company (3PL), where the 4PL deputed the 3PL with the logistics tasks of a client. We examined the investment and pricing strategies adopted by the 4PL for the 3PL, and how factors such as logistics audits level and commitment to investment efforts affected the motivation of the 4PL’s strategy choice. The results showed that if the investment cost was low, the 4PL motivated the 3PL to make efforts by investment. Otherwise, the 4PL incentivized the 3PL by providing a high wholesale price or using a high investment level and medium wholesale price. In addition, when the rectification costs of the 3PL were sufficiently high, increasing the audit level could improve the probability of complying with environmental regulations.

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“…To alleviate the current financing dilemma, many studies have proposed innovative financing methods, especially in supply chain finance. There are three main financing methods: accounts receivable financing, prepayment financing, and inventory financing [31][32][33]. Accounts receivable financing refers to an enterprise utilizing accounts receivable as collateral to apply for loans from banks [31].…”

Section: Sme Financingmentioning

confidence: 99%

“…The enterprise transfers accounts receivable to the bank and informs the buyer to return the arrears to the bank. Prepayment financing occurs when the buyer applies for a short-term loan from the bank on the basis of the prepayment generated by the real trade contract [32]. The loan enterprise takes its sales revenue as the first source of repayment to the bank.…”

Section: Sme Financingmentioning

confidence: 99%

Framework of Blockchain-Supported E-Commerce Platform for Small and Medium Enterprises

Chen

2021

Sustainability

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Small and medium enterprises (SMEs) play an important role in promoting the national economy and providing employment opportunities. E-commerce platforms may facilitate transactions between these enterprises. However, transactions on the e-commerce platform are non-face-to-face, strongly virtual, and variable, resulting in SMEs often facing moral hazards and opportunistic behaviors. Blockchain is a distributed ledger consisting of an encryption algorithm, consensus mechanism, and smart contracts, having the characteristics of authenticity, security, transparency, and unforgeability. Thus, the problems faced by SMEs can be resolved by combining e-commerce platforms and blockchain technology. In this study, we first provide a conceptual framework for blockchain-supported e-commerce platforms for SMEs. Second, based on this conceptual framework, we build a total business architecture. Finally, we propose three key applications to illustrate how the platform facilitates SMEs in solving financing and trading problems. This study provides significant guidance for the operation and management of blockchain-supported e-commerce platforms for these enterprises.

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Financing capital-constrained third party logistic firms: fourth party logistic driven financing mode vs. private lending driven financing mode

Cited by 10 publications

References 29 publications

Cost-Optimal Pathfinding Model for Multi-Echelon Logistics Network Design and Optimization: A Fourth-Party Logistics (4PL) Perspective

Cost-Optimal Pathfinding Model for Multi-Echelon Logistics Network Design and Optimization: A Fourth-Party Logistics (4PL) Perspective

Fourth-Party Logistics Environmental Compliance Management: Investment and Logistics Audit

Framework of Blockchain-Supported E-Commerce Platform for Small and Medium Enterprises

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