Fourth Party Logistics, popularly known as 4PL, is the outsourcing of logistics operations to a single partner. The partner will be responsible for assessing, designing, building, running and measuring integrated supply chain solutions for the client.
The 4PL advances the sourcing of logistics from Third Party Logistics (3PL) to 4PL. On behalf of the client, the single partner controls and manages the supply chain by overseeing the combination of warehouses, shipping companies, freight forwarders and agents.
The 4PL is different from 3PL for the following reasons.
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