3PL LOGISTICS

Third Party Logistics or 3PL is referred to as managed warehousing, which outsources various elements of international trade logistics and performs various management & logistics functions including inbound freight services, customs clearance, storage & warehousing, order fulfilment & distribution and outbound freight services. What exactly third party logistics is all about? What services 3PL provide? And what things to keep in mind while choosing a right 3PL provider? Let’s discuss through this article. According to the Council of Supply Chain Management (CSCM), a third party logistics or 3PL provider can be defined as a firm that provides multiple logistics services for use by customers. These services are integrated or bundled together by the provider. The services offered by 3PL fall into two main categories: