1
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Acme today

2
00:00:01,727 --> 00:00:02,678
operates over

3
00:00:02,678 --> 00:00:03,307
four hundred and

4
00:00:03,307 --> 00:00:04,408
fifty customers

5
00:00:04,408 --> 00:00:05,149
and probably

6
00:00:05,149 --> 00:00:05,679
eighteen

7
00:00:05,679 --> 00:00:06,189
different

8
00:00:06,189 --> 00:00:07,490
verticals.

9
00:00:07,490 --> 00:00:08,260
So you think

10
00:00:08,260 --> 00:00:08,950
about you had

11
00:00:08,950 --> 00:00:10,121
the CPG as

12
00:00:10,121 --> 00:00:11,231
one vertical,

13
00:00:11,231 --> 00:00:12,354
now you know,

14
00:00:12,354 --> 00:00:13,858
so your breadth

15
00:00:13,858 --> 00:00:14,819
of knowledge has

16
00:00:14,819 --> 00:00:15,789
to be really

17
00:00:15,789 --> 00:00:16,809
diverse

18
00:00:16,809 --> 00:00:18,010
and also there's

19
00:00:18,010 --> 00:00:18,390
a lot of

20
00:00:18,390 --> 00:00:19,170
attorneys out

21
00:00:19,170 --> 00:00:19,800
there, so you

22
00:00:19,800 --> 00:00:20,621
better be pretty

23
00:00:20,621 --> 00:00:21,481
confident in

24
00:00:21,481 --> 00:00:22,616
everything.

25
00:00:22,616 --> 00:00:23,817
As you're aware,

26
00:00:23,817 --> 00:00:24,538
third party

27
00:00:24,538 --> 00:00:25,819
logistics people

28
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typically don't

29
00:00:26,910 --> 00:00:27,480
get

30
00:00:27,480 --> 00:00:28,690
very long-term

31
00:00:28,690 --> 00:00:30,341
contracts

32
00:00:30,341 --> 00:00:31,041
with their

33
00:00:31,041 --> 00:00:31,801
clients.

34
00:00:31,801 --> 00:00:33,071
So to get

35
00:00:33,071 --> 00:00:34,003
a 10 or

36
00:00:34,003 --> 00:00:36,274
15 year contract

37
00:00:36,274 --> 00:00:37,464
is extremely

38
00:00:37,464 --> 00:00:38,494
unusual as

39
00:00:38,494 --> 00:00:39,995
opposed to

40
00:00:39,995 --> 00:00:41,705
most 3PL type

41
00:00:41,705 --> 00:00:42,755
contracts are

42
00:00:42,755 --> 00:00:43,525
three, five,

43
00:00:43,525 --> 00:00:44,446
seven type

44
00:00:44,446 --> 00:00:45,556
years.

45
00:00:45,576 --> 00:00:46,437
And

46
00:00:46,437 --> 00:00:47,552
so the lease

47
00:00:47,552 --> 00:00:48,832
negotiation for

48
00:00:48,832 --> 00:00:50,008
what you need

49
00:00:50,008 --> 00:00:50,948
and then making

50
00:00:50,948 --> 00:00:51,608
sure that your

51
00:00:51,608 --> 00:00:52,549
contract, your

52
00:00:52,549 --> 00:00:53,099
customer

53
00:00:53,099 --> 00:00:54,383
contract,

54
00:00:54,383 --> 00:00:54,793
in your

55
00:00:54,793 --> 00:00:55,433
operating

56
00:00:55,433 --> 00:00:56,514
agreement

57
00:00:56,514 --> 00:00:57,444
make sure that

58
00:00:57,444 --> 00:00:58,144
hey if the

59
00:00:58,144 --> 00:00:59,594
bottom falls out

60
00:00:59,594 --> 00:01:00,485
you're covered

61
00:01:00,485 --> 00:01:01,265
basically

62
00:01:01,265 --> 00:01:01,895
covering your

63
00:01:01,895 --> 00:01:02,625
rents and what

64
00:01:02,625 --> 00:01:03,435
have you.

