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.
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DHL Global Forwarding, the air and ocean freight specialist within Deutsche Post DHL Group, announced the launch of its new… Read More
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Descartes Systems Group has announced that it has successfully deployed its advanced capacity matching solution, Descartes MacroPoint Capacity Matching, with… Read More
Kuehne + Nagel for the first time leverages the benefits of blockchain technology in a large scale operational environment with… Read More
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