More benefits for logistics industry from 3PL

By admin October 21, 2009 6:38 am IST

More benefits for logistics industry from 3PL
 
Crisil believes that third party logistics (3PL) service providers will offer phenomenal advantages to the logistics industry. The major benefits would arise from reduction in inventory, lower infrastructure space and reduction in transportation cost, the research wing of the rating agency says having carried out a cost benchmarking across sectors to highlight the same.
Crisil Research expects revenues of the 3PL segment to grow strongly (27 per cent CAGR) over the next

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