siliconindia | | November 20198n today's economy, logistics is the most emerging industry. Logistics industry is the trade of infrastruc-ture, technology and new types of service providers, which defines whether it is able to help its cus-tomers turn down their costs and provide effective services and cost effective flow of goods on which other commercial sectors depend.In logistics, the third party logis-tics provider has a vital role in Supply Chain. According to The Council of Supply Chain Management Professional (CSCMP), 3PLs provide transportation, warehousing, cross-docking, inventory management, packaging and freight for-warding. 3PL is the activity of outsourc-ing activities related to Logistics and Distribution. The 3PL industry includes Logistics Solution Provider and the ship-pers whose business processes they sup-port. The speed of digital transactions has generated an unpredictable demand for fast and efficient logistics services in the e-Commerce space. However, the demand is generally so much that it is beyond the scope of an e-Commerce ser-vice provider to handle all the logistics on their own. This has ensured the rise of 3rd party logistics service providers. To encounter the rising demands, these new-age companies are changing the way IA NEW PHASE IN LOGISTICS WITH 3PL SERVICESBy Sumit Sharma, Co-Founder, GoBOLTSumit holds vast experiences in management consulting, business development, business strategy, financial modeling. With over four years of work experience with the finance industry giants, he came-up with his own venture GoBOLT in September 2015.in my opinionSumit Sharma, Co-Founder
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