Logistics and Distribution Functions
Market in the US 2015-2019
3PL is a business process through which companies outsource
their logistics and distribution functions to a service
provider that specializes in handling logistics such as
transportation, warehousing, and freight and forwarding.
A service provider that provides these services is called
a 3PL provider. Often, 3PL providers go beyond logistics
and provide value-added services such as inventory management,
cross-docking, door-to-door delivery, and packaging of products.
They also provide strategic and operational value to many
shippers worldwide. 3PL uses new and innovative SCM to enhance
analysts forecast the 3PL market in US to grow at a CAGR
of 5.37 percent over the period 2014-2019.