Explore the latest industry news about third party logistics (3pls). Stay informed with trade articles by Global Trade industry experts.
A third party logistics (or 3PL) provider handles supply chain management logistics, a service that can include transportation, warehousing and delivery, but may also incorporate additional value-added services such as production or procurement. By outsourcing these functions, companies can achieve a cost savings over having to meet these demands internally. In addition to the economic benefits, 3pls can also deliver improved technical proficiency, through sophisticated IT systems that are often more advanced than those of the production or selling companies they serve. Since logistics is not a core business for many entities involved in global trade, the ability to turn these responsibilities over to a qualified 3pl provider allows companies to spend less time focusing on these tasks, and more time on the elements that made their respective businesses a success.
Key Trends, Logistics Costs & An Economic Overview That Prepare You For an Everchanging Marketplace
CSCMP’s 29th Annual State of Logistics Report® is authored by A.T. Kearney and presented by Penske Logistics. The report presents… Read More
Transportation industry analysts started using the phrase “perfect storm” in 2017 to refer to an unprecedented convergence of economic, regulatory,… Read More
The globally operating logistics cooperative for air and sea freight, Tandem Global Logistics Network, has announced its new network strategy…. Read More
Supply chain specialist Tigers is fulfilling portable cooker retailer Cobb’s e-commerce requirements in Hong Kong through its online marketplace, the… Read More
ODW Logistics is opening a high-technology logistics center near Columbus, Ohio to take ecommerce fulfillment to the next level. The… Read More
APL Logistics has become the latest member of the Blockchain in Transport Alliance (BiTA). Blockchain technology is promising to transform… Read More
SEKO Logistics is demonstrating its confidence in the continued crossborder growth potential of British brands globally by investing in a… Read More
Tigers has opened a new office at Frankfurt Airport, Germany, to support the group’s global freight growth strategy, and to… Read More
XPO Logistics, the largest provider of last mile logistics for heavy goods in North America, has announced the planned addition… Read More
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