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1. 3rd party logistics has a high professional level and corresponding logistics network

Through the development of logistics specialization in recent years, 3rd party logistics company has developed an information network and accumulated expertise for different logistics markets, including transportation, warehousing, and other value-added services. Much key information, such as international customs clearance documents, air freight quotations, and other information is usually collected and processed by 3rd party logistics.

Due to its strong purchasing power and cargo stowage capacity, a 3rd party logistics company can obtain transportation quotations from transportation companies or other logistics service providers that are cheaper than its customers and can purchase transportation services in large quantities from the transportation companies. Then it can centrally load the goods of many customers, greatly reducing the unit transportation cost.

2. 3rd party logistics helps reduce capital investment and optimize resource allocation

Through logistics outsourcing, manufacturing companies can reduce transportation equipment, warehouse investment, and other necessary investments in the logistics process, thereby improving the company's profitability and investing more funds in the company's core business. Many 3rd party logistics companies have good transportation and distribution networks at home and abroad.

3rd party logistics enterprises can also enable enterprises to optimize the allocation of resources. 3rd party logistics concentrates limited manpower and finance on core business, conducts key research, develops core technologies, saves costs for enterprises, reduces capital backlog, reduces inventory, and enhances corporate image.

Many 3rd party logistics companies have formed alliances with independent software vendors or developed internal information systems, which allows them to maximize the use of transportation and distribution networks, effectively track goods, and conduct electronic transactions. It can also generate reports and other related value-added services necessary to improve the efficiency of supply chain management.

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PharmaSources could provide you information about 3rd party logistics providers, if you have interest in 3rd party logistics providers, you could visit our website. Hope you would get 3rd party logistics providers there.

Here are some coming events in pharmaceutical industry:

CPhI Discover
Time:May 17-28, 2021
Country/Region: Netherlands
Venue:Online Event
Organizer:Informa Markets

CPhI Worldwide 2021
Time:November 09-11, 2021
Country/Region: Italy
Venue:Fiera Milano, Italy
Organizer:Informa Markets

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