STUDY ON THIRD-PARTY LOGISTICS (3PL) | AND ITS IMPACT ON BUSINESS EFFICIENCY IN INTERNATIONAL TRADE

In recent years, many companies have started outsourcing their logistics activities to specialized service providers known as Third-Party Logistics providers, commonly referred to as 3PL. Third-Party Logistics refers to the practice of outsourcing logistics and supply chain management activities to external companies that specialize in logistics operations. These service providers offer a wide range of logistics services including transportation, warehousing, freight forwarding, packaging, distribution, customs clearance, and inventory management.By outsourcing logistics functions, businesses can focus on their core competencies such as product development, manufacturing, marketing, and customer relationship management. The expertise and infrastructure provided by 3PL companies enable organizations to handle complex logistics operations more efficiently and effectively.