Third-party logistics

Third-party logistics (abbreviated 3PL, or sometimes TPL) in logistics and supply chain management is a company's use of third party businesses to outsource elements of the company's distribution and fulfillment services. The global 3PL market reached $750 billion in 2014, and grew to $157 billion in the US; demand growth for 3PL services in the US (7.4% YoY) outpaced the growth of the US economy in 2014. As of 2014, 80 percent of all Fortune 500 companies and 96 of the Fortune 100 used some form of 3PL services.

Third-party logistics

Third-party logistics (abbreviated 3PL, or sometimes TPL) in logistics and supply chain management is a company's use of third party businesses to outsource elements of the company's distribution and fulfillment services. The global 3PL market reached $750 billion in 2014, and grew to $157 billion in the US; demand growth for 3PL services in the US (7.4% YoY) outpaced the growth of the US economy in 2014. As of 2014, 80 percent of all Fortune 500 companies and 96 of the Fortune 100 used some form of 3PL services.