Japan 3PL Market to Grow at a CAGR of 3.53% During 2017-2021 - Logistic Properties, Kintetsu World Express, Sagawa Express, Yamato, Hitachi Transport System
The term 3PL refers to third-party logistics that essentially involves a vendor catering to the logistics and distribution management of outsourced products and services of different companies. Shippers (customers, who transport goods using 3PL services) outsource some or all the supply chain management (SCM) functions of their logistics services to the 3PL provider. The 3PL provider is responsible for handling customer logistics requirements while performing different functions like transportation, location tracking, and sometimes product-consolidation activities.
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