Bringing Valuable Service and Innovation: Third Party Logistics
The third-party logistics (3PL) industry is a complex and varied one that includes a wide range of operators. 3PLs serve as crucial partners in the supply chain for manufacturers who opt to outsource some, or all, of their logistics operations, such as warehousing, fulfillment and distribution. The role of 3PLs can differ greatly, but the industry as a whole has only grown in importance as the supply chain has grown increasingly intricate, specialized and sophisticated.
“As these global supply chains get more and more complex, customers are turning to us to figure out how to make sense of them,” said Adrian Kumar, global head of operations science and analytics at DHL Supply Chain. The COVID-19 pandemic trained a bright spotlight on the unique demands of today’s supply chain, and 3PL representatives say that it also prompted companies to lean on third-party logistics providers more than ever to help navigate everything from customers’ growing embrace of e-commerce to disruptive shipping delays that challenged even the most prepared and well-resourced supply chain operations.
Here is a look at the 3PL industry today and some of the trends and advancements that are shaping it…