Third Party Logistics (or 3PL) refers to the outsourcing of e-commerce logistics processes including inventory management, warehousing and fulfillment.

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3PL is not a new concept and businesses of all sizes have been outsourcing their logistics services to third parties since the 1970s.

With the introduction and growth of e-commerce in the ’90s and ’00s, the term 3PL became synonymous and 3PLs were encouraged to expand their offerings to support their customers and their changing needs.

This includes supply chain integration of warehouse operations and transportation services, now referred to as third-party logistics.

At its most basic level, 3PLs provide logistics services that support some and generally all aspects of the shipping process. It is common for 3PL suppliers to consolidate warehousing and shipping operations.

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3PLs can expand and tailor their services. 3PLs can meet specific needs and work with businesses by providing a single service for their supply chain or a set of services that extends across different aspects of the supply chain.

The beauty of this is that these services work with you to provide visibility into all aspects of your supply chain.

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A Complete Guide To Third Party Logistics (3pl)

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Key Factors To Consider When Choosing A 3pl

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How A 3pl Grows Your Ecommerce Business

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Over the past two years, the logistics industry has undergone major changes. Advances in technology, changing customer behavior and traffic growth are some of the reasons for this shift.

The global 3PL industry is expected to reach $1.3 trillion in 2026 and $1.75 trillion in 2027, with a compound annual growth rate of 8%.

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Learn about market trends, opportunities, competition and more before starting your 3PL business. Starting a 3PL business is a lot of work, but it is important to understand that starting with the right 3PL business plan can help your business grow.

This blog provides detailed information on how to start a 3PL business and how to unlock your business potential.

The benefits of starting a 3PL business are enormous. E-commerce growth and changing customer expectations are creating new business opportunities for 3PL companies.

Consumers today rely on online shopping for ease and convenience during the pandemic. Therefore, the growth rate of e-commerce in 2020 is 77.6%.

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Global demand for 3PL services is driven by the rapid growth of e-commerce. Consumers expect timely delivery and accurate orders from brands.

Most small online merchants do not have in-house logistics. Therefore, they outsource their distribution and fulfillment processes to 3PL partners to remain competitive.

3PL companies are adopting many changes in supply chain management to address the challenges of e-commerce. Shorter lead times, utilization of the latest technology and increased efficiency are the criteria for growth of the 3PL business.

There are many factors to consider in starting a successful 3PL business. It may seem tiring at first. However, following the right steps can put you ahead of the competition.

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The first step in starting a 3PL business is choosing the product class you want to offer. I’m having trouble building a warehouse after the lot is complete. Please detail the steps.

To start a 3PL business, it is important to understand your industry vertical and determine your specialization. First, 3PLs can target specialties or product classes such as retail, food and cold storage, apparel, retail, and large appliances.

They can specialize in a single product category, or they can specialize as generic 3PL e-commerce providers. For example, a 3PL that specializes in electronics fulfillment might also fulfill apparel because its fulfillment characteristics are the same.

The type of product class a 3PL wants to specialize in determines the type of warehouse layout it will build. Clothing storage is different from gear. After all, because products have different characteristics, they also have different storage requirements.

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Depending on the nature of the product class, the 3PL may want to specify specifications, container and pallet configurations. This is different for each product class. Therefore, 3PLs must place pallets and containers appropriately.

If a 3PL wants to specialize in fulfilling a particular product class, not all sales channels are involved. 3PLs must select specific e-commerce sales channels to fulfill specific product classes.

An important factor for 3PL owners to consider is warehouse location.

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How To Start A 3pl Business