Every year supply chain management becomes more complex due to changing regulations, technology and a variety of other factors. This complexity has made it more difficult for mid-tier and large-sized companies to oversee every element of their supply chain from beginning to end. That is why, since the 1970s, we have seen more and more companies rely increasingly on 3rd party logistics (3PL) providers to manage and support their supply chain.
What has changed since the 1970s? What is 3PL? Why is it critical to a supply chain? Keep reading and we will explore all these questions and more.