Insights on the Growth of Logistics Outsourcing Market with Strategy Analysis, Future Outlook by Key Players: FedEx, Excel Logistics, Menlo Logistics, Tibbett and Britten, Ryder Logistics
Logistics outsourcing, most commonly known as third-party logistics is a process or operation of sub-contracting industrial functions like cross-docking, inventory keeping, warehousing and transportation to a third party or supply chain management provider. Third party logistics providers include raw material suppliers, distributors and other value-added service providers. These services are generally integrated and used together to provide end-user convenience. The decision for outsourcing logistics by a parent company is generally dependent on company size, complication of logistics and relative economic...
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