What is Third-party Logistics (3PL)?

According to Coherent Market Insights the Third-party Logistics Market -Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2022-2028.

Third-party Logistics (3PL) refers to the outsourcing of logistics and supply chain management functions to an external service provider. In this arrangement, companies delegate tasks such as transportation, warehousing, inventory management, and order fulfillment to specialized third-party logistics providers. These providers have expertise, infrastructure, and resources to handle the complexities of logistics operations effectively. By partnering with a 3PL, businesses can focus on their core competencies while entrusting the logistics aspect to professionals.

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Ben Wood

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