The third party logistics is playing an effective role across the globe as it operates as a supplier which is ultimately specialize in assimilated operations, warehousing facilities and transportation. Moreover, the entire industry of logistics is increasing effectively around the globe with the exclusive developments in the technologies which makes it more competitive for the new entrants and further enables the investors for making the huge amount of investment for leading the market growth around the globe more actively. Third party logistics companies are providing an additional support to the companies which do not have their own warehouses or logistics support in an every country. However, third party logistics service enables those companies to operate in the market without any hindrance.
According to the research, it is stated that some of the major key players which are recently functioning in this market more enormously across the globe for acquiring the huge market share by dominating the demand of the clients includes Al Khaleej Cold Store, DHL Vietnam, Damco Vietnam, FedEx, Kerry Logistics, JRS Express, Air 21, DHL, FedEx, UPS, TNT, Lazada Express, Shopee, Al Madina Logistics, Gemadept, Vinafco, Transimex Saigon and several others. In addition, the third-party logistics subcontracting is speedily acquiring the effectiveness in the numerous regions across the globes which are not capable to preserve their undetermined supply chains and henceforward are subcontracting logistics undertakings to the 3PL amenity providers.
The effective advancements in the technology built upon the prevalent extension of the internet opened the doors for the workers of third party to serve better solutions to attach disparate functions within the supply chain. In the present era, undoubtedly, the utilization of 3PL can add goodwill to the business by allowing the businessmen to aim on the core competencies, working significant cost preserves.
In the near future, it is expected that the market of logistics with the 3PL will grow more actively over the recent few years with the effective research and development programs for knowing the restraints and growth drivers across the globe.
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Ankur Gupta, Head Marketing & Communications