The Ultimate Guide to 3PL Management

As per an online report, the global third-party logistics (3PL) market was valued at around USD 1trillion in 2020, and it is expected to reach more than USD 1.75 trillion by 2026, registering a growth rate of 8% during the period (2021-2026). These enticing figures clearly depict the role of 3PL companies in helping enterprises to manage their logistics operations.  Rapidly evolving customer expectations, growing demand for fast shipping and deliveries, and increasing competition rate are a few reasons that are driving businesses to outsource their logistics operations to 3PLs (third-party logistics providers) or carriers. But what exactly is a…