Research has shown that approximately 90 percent of Fortune 500 companies in the United States have sought assistance from 3PL (third-party logistics) providers. According to the Consumer Product Safety Act, a 3PL company is one that receives, holds, or transports products as part of its business activities without owning the products. Businesses can outsource the fulfillment of their orders to 3PL companies. Naturally, 3PL companies can play a significant role in business operations, but is the outsourcing of logistics to 3PL companies a solution for all business fulfillment needs?Several factors play a role when making a decision about using the services of a 3PL provider.
Research has shown that approximately 90 percent of Fortune 500 companies in the United States have sought assistance from 3PL (third-party logistics) providers. According to the Consumer Product Safety Act, a 3PL company is one that receives, holds, or transports products as part of its business activities without owning the products. Businesses can outsource the fulfillment of their orders to 3PL companies. Continue reading “Is It Time For Your Business To Hire A 3PL?”