Please use this attachment
Running Head: THIRD-PARTY LOGISTICS FIRMS
Name of the Student
THIRD-PARTY LOGISTICS FIRMS
Third-party logistics firms are firms/companies that enable other companies to outsource or
offshore their logistical operations to them, from warehousing to delivery, allowing them to
concentrate on different parts of their business (Gilliam, 2017). The main functions of these firms are
to provide any number of services that deal with supply chain logistics such as warehousing,
inventory forecasting, packaging, transportation, and freight forwarding. A good example of a third
party logistics firm is Yusen Logistics India.
Offshoring, which is outsourcing to international companies, is a common practice in modern
business. It is a method preferred in most businesses, especially in developed coun...
15 Million Students Helped!
Sign up to view the full answer