Global Third Party Logistics Market Insights
The Global Third Party Logistics Market was valued at USD 1045.93 Billion in 2021, and it is expected to reach a value of USD 1924.31 Billion by 2028, at a CAGR of 9.10% over the forecast period (2022 - 2028).
Third-party logistics refers to a company's capacity to outsource logistics and distribution activities. Inventory management, cross-docking, door-to-door delivery, and product packing are all services that third-party logistics companies can provide. Attributing to the e-commerce industry's growth, the third-party logistics services market is predicted to rise significantly.
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