More and more, businesses are turning to third-party logistic providers (3PLs) to outsource their supply chain. In 2013, for example, 86% of Domestic Fortune 500 companies used 3PLs for logistics and supply chain functions.
On the surface, the benefits for businesses using 3PLs are obvious: good 3PLs bring their expertise to the table, while the businesses save time and money. Outsourcing logistics leaves businesses free to focus on their core competencies.
Unfortunately, a poorly chosen 3PL can wreak havoc with your logistics and fulfillment processes, and ultimately lead to lost sales and customer attrition.
There are other benefits that are not so obvious. In this blog post, we’ll discuss the five ways that the right 3PL can positively affect your revenues.