Why 3PL Companies Must Consider Outsourcing To Logistics Partners

Have you ever wondered why a company should outsource its core competency? NISHITH RASTOGI argues the reasons.

- Nishith Rastogi

Third-Party Logistics or 3PL sector is all set to reach the Rs 580 billion mark by 2020 from the current level of Rs 325 billion. The sector is headed towards an unprecedented growth rate of 19-20 percent CAGR. When you consider the number of shipments in India over the last few years, the total is baffling!

Even though everything is a click away today, it doesn’t change the ground reality that it is incredibly challenging to manage supply chain logistics. Logistics companies, over the years, have handled the routing, workforce, and cost accounting for shipments. However, in the last few years, the requirements of the consumers have changed drastically, and satisfying them has become the primary concern for every e-commerce player in the world.