Logistics & Global Trade – Optimize Business with Third Party Logistics
03 June 2021

When it comes to third party
logistics or commonly known as 3PL, there are lots of factors to consider.
Before understanding how 3PL plays an important role in import-export business
and supply chain, let’s first discuss what is 3PL. Third Party Logistics (3PL)
has been defined as the function by where the client (who is owner of goods)
outsources various constituents of the supply chain to a 3PL company. This 3PL
company can then manage the inbound freight, client’s customs, distribution, warehousing,
order fulfilment and outbound freight to the client’s customers.
Third party logistics
companies are continuously expanding and broadening their knowledge of
logistics technology and with that you are aligning your business with
innovation.
There are tons of benefits for
businesses to utilize 3PL. These include:
Coordinate the consignments of
goods from the factory.
Arrange transportation
facilities to have containers loaded onto the vessel and process the
documentation on the shipment.
Navigate all customs
procedures with export regulations, as well as the import rules and regulations
of the countries that the commodities are being shipped to.
Help import-export companies
to find alternative methods of shipping.
Handle all documentation
connected with international trade.
Now major question is how to
choose the right third-party logistics. Research is very important to start
with. Here are some tips to find the best logistics partner:
Get global import export data
with company information from a reliable source like Export Genius.
Identify logistics providers
from company data and create a list of qualified logistics companies.
Contact every company and ask
important questions like experience in products & industries. It is
important to find a transportation provider that understands the challenges
unique to your industry, customers, products and organizational goals.
If you select some 3PL
companies, you should compare their services with their competitors. Some
fulfilment providers may offer additional services and solutions beyond the
typical fulfilment and distribution services.
Remember before making a
decision, compare price, transportation services and other market aspects of
3PL companies.
Whether you’re shipping a small package via air, large containers by sea or full cargo loads of commodities, a third-party logistics company can assist you in moving your cargo from one international territory to another anywhere in the world at any speed you need. Even if you are an established supplier and handle every shipment activity in-house, consider utilizing the services of a 3PL. Always remember to research properly and choose trustworthy transportation & logistics service provider to avoid any business risk.
