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Third party logistics (3PL) is basically the use of an outside company in order to perform the company’s product distribution and materials management functions. 3PL are the companies delivering single or multiple logistics services to a manufacturing company. Though 3PL firms do not hold the ownership of the product for distribution, however they are bound […]
The global third party logistics market is valued at US$ 805.4 million in 2017 and is estimated to reach US$ 1,240.0 million by 2025, growing at a CAGR of 5.6% during 2018 to 2025. Asia-Pacific is the leading revenue generating region in 2017 with China and Japan being the leading countries in this region. This […]