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.
Gone are the days when a manufacturer goes through the process of production from start to finish alone. Nowadays, companies… Read More
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What will our supply chains look like after the impact of the pandemic has turned from an all-hands-on-deck crisis to… Read More
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When selling products, you may need to import them from other countries and have them delivered to a warehouse or… Read More
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Springdale, Arkansas-based Tyson Foods, which is one of the world’s largest food companies, bestowed its 2019 Premier Carrier Award to… Read More
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