3PL vs 4PL: What is a 4PL & How They Differ From 3PLs
As the world advances technologically, businesses are turning to logistics companies to handle their supply chain needs. The logistics industry is divided into two main categories - third-party logistics (3PL) and fourth-party logistics (4PL). While many businesses are familiar with 3PL providers, 4PLs are a relatively new concept. In this article, we will delve into the differences between 3PL and 4PL providers and why it's important to understand them. 3PL vs 4PL: What is a 4PL & How They Differ From 3PLs Third-party logistics (3PL) providers offer supply chain management services to businesses. These services include transportation, warehousing, and freight forwarding. 3PL providers oversee the entire logistics process, from procurement to delivery. They act as a middleman between businesses and carriers, negotiating rates and ensuring that shipments are timely. On the other hand, fourth-party logistics (4PL) providers offer a higher level of service than 3PL providers. 4PL...