Explain the role of the third party logistics provider

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It is difficult for most companies to handle logistics efficiently. Therefore they like to outsource them to a 3PL(Third Party Logistics provider). the growth of 3PLs is tremendous. It is not just the UPS or Fedex of the world, it also include 3PLs that run warehouses, take care of overseas shipping, clear customs, moving trailers from point A to B, etc. we spend about 9% of our GDP in the logistics world, totaling about $2 trillion.

Can you explain the role of the third party logistics provider? What about 4PL providers?

Due to the shift towards online retailing, the last mile issue is becoming critical for companies. The virus accelerated the awareness of it as a major strategy issue. What are some of your thoughts on this?

Reference no: EM132839396

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