5 Top benefits of Third Party Logistics || LOGISTICS SERIVCES IN INDIA

3PL is a useful strategy for a business that wants to focus on what they do best by allowing expert outside resources to handle the logistics. It starts with warehousing and then continues through transportation, which allows the organization to be more efficient because they can utilize their time and energy elsewhere in their business.

You want to know the benefits of a 3PL provider, do you? Here are the top 5.

1. Cost reduction 

As 3PL providers are capable of working with shippers on behalf of various customers, 3PL providers are often able to leverage greater rates by leveraging the volume of orders and overall business needs. Utilizing a 3PL logistic company also gives businesses a host of options, giving one the option to later invest in other sources should the need or business opportunity arise.

2. Provide a better experience to your customers

Utilize 3PL providers. A 3PL (Third-Party Logistics) provider is an independent logistics organization that handles shipping and delivery of your products, allowing you to focus more on your core competencies.

3. Mitigate risk

Reputable 3PL providers understand the risks involved with business and will work with your company to ensure that unforeseen problems don’t prevent you from providing excellent customer service. If a catastrophic event like COVID-19 strikes and threatens to disrupt your supply chain, a good 3PL provider will help you out by working on your behalf to find alternative solutions until the situation is resolved. This is why it’s particularly important when choosing a 3PL provider that you check which insurance policies they have before signing any contracts.

4. Gain immediate expertise and knowledge in the field

Logistics can be a difficult process to handle on your own if you are just getting started, so it's important to get guidance from a specialized logistics company that will help guide you through the logistics operations of your business. Hiring an expert will help enhance your business and leave you with the time and energy to focus on other areas of your business!

5. Get a handle on international logistics

Building on a previous point, one thing 3PLs do is provide the expertise and experience when it comes to international logistics. This means that if you have customers or clients abroad and are looking to expand your business overseas, the 3PL will take care of the domestic duties, customs and documentation for all of your products that you're hoping to sell abroad. As an entrepreneur trying to expand into new markets without needing to commit a huge amount of investments in local warehousing space or staff , a 3PL can be a huge asset.

In today's business world, a third party logistics (3PL) provider is essential in maintaining a competitive advantage vis-à-vis global supply chain competitors and emerging markets. Here are five reasons why a 3PL provider makes good sense.