Industry Basics
22 December 2022 • 2 min čitanje
Third-party Logistics (3PL)
A company can also avoid making enormous infrastructure investments by using a 3PL provider for supply chain management because it can provide warehouse space, transportation, staff, and tracking technology, among other things.
Typically, 3PL companies arrange for their clients' incoming and outbound transportation and warehousing transportation. The majority of 3PL companies have contracts with other freight and shipping companies, and they either own or rent the warehouse space that they give to their customers.
Typically, 3PL companies arrange for their clients' incoming and outbound transportation and warehousing transportation. The majority of 3PL companies have contracts with other freight and shipping companies, and they either own or rent the warehouse space that they give to their customers.
Third-party logistics is referred to as 3PL. It refers to contracting out your order management and fulfilment to a different business. There are numerous sorts of 3PL service providers, each of which handles a distinct task, depending on the needs of your business.
As per a research published by Armstrong & Associates, 90% of Fortune 500 organisations seek assistance from third-party logistics (3PL) companies. The 3PL business has expanded at an exponential rate alongside the e-commerce industry and is expected to reach $1.75 trillion by 2026.
A 3PL aids retailers in controlling their supply chain. Typical 3PL services include order fulfilment, shipment coordination, retail distribution, exchanges, and returns in addition to the administration of warehouses and inventories. A 3PL facilitates the ability to focus on other aspects of a merchant's business is ultimately made possible by working with a 3PL.