Breaking Down 3PL and 4PL: What is 3PL and 4PL?
To boost supply chain efficiency, you must know what is 3PL and 4PL. A third-party logistics (3PL) provider assists with logistics activities. A fourth-party logistics (4PL) provider, however, oversees the entire supply chain ecosystem. Understanding this distinction is crucial when outsourcing logistics to ensure optimal service, cost savings, and better delivery timelines.