3PL Market - Global Industry Analysis, Growth, Trends, Forecasts 2024
Third party logistics, also known as 3PL, is an outsourcing system wherein storage and transportation services are outsourced to a specialist company. Outsourcing these services allows companies to cut costs and focus on their core competency. Inventory management, delivery, packaging, and cross-docking services are now usually bundled with 3PL services, making the 3PL platform even more cost-effective. The global 3PL market is driven primarily by the rising preference to outsource all non-essential tasks in the corporate sector. This boosts the...
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