Indeed, especially if you have the lower-tier MacBook Pros with only two TB ports, a Thunderbolt dock is hugely beneficial at least, but probably critical. They're pricier, but they handle a ton of I/O. (The one I have, through one port on the Mac, charges my laptop and connects it to my NVMe sample drive, two interfaces, second monitor, and charges my phone or iPad at high speed. On top of that, It has more ports available that I don't yet have need for.) Of note here is the fact that a TB dock can charge your computer, thus saving the other port for other I/O needs. Thunderbolt is robust enough that based on your setup, you aren't likely to see any adverse impact on the throughput.
Before buying this, however, I had two USB-C adapters to connect up to seven USB-A devices and my HDMI output, and that was partly due to portability. (In fact, one of them is the very one fisherking linked above.) You can get a bigger one to do more, but a TB dock is still the best investment.
[ 2019 16” MBP: 2.3 GHz 8-Core, 64 GB RAM, 2 TB; OS X.15.7; LP X.5.1.
Early-'08 Mac Pro (3,1): 2.8 GHz 8-Core, 16 GB RAM; OS 10.11.6; Logic X.3.3. ]