Monday, May 11, 2020

Third-Party Logistics (3PL) Market to Witness Growth Acceleration During 2018-2025 - DHL, United Parcel Service, FedEx

Third-party logistics (3PL) in company's supply chain management is a third-party business used by manufacturers to provide fulfilment services and distribute company's products. These services consists of warehousing, integrated operations, and transportation services, which can be scaled according to the customer needs and market conditions. Logistics service providers are responsible for the delivery of goods from manufacturers to consumers.

Ongoing advancements in 3PL market due to innovative efforts have enhanced the efficiency of the supply chain. The competitive advantages of 3PL service over conventional logistics department has been described in the report. To understand the market, drivers, restraints, and opportunities are explained in the report. Furthermore, key strategies adopted by potential market leaders to facilitate the effective planning have been discussed under the scope of the report.

Major Key Players of the Third-party Logistics (3PL) Market are:DHL, United Parcel Service, FedEx Corporation, Maersk Logistics, DB Schenker, Kuehne+Nagel Inc., NYK logistics, Panalpina World Transport Ltd., Union Pacific Corporation, and BNSF Railway Company.

Read More @ https://www.openpr.com/news/2013542/third-party-logistics-3pl-market-to-witness-growth


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