Fourth Party Logistics transforms logistics from a cost proposition to a value proposition.

0 Comments | M2 Presswire, February, 2004

M2 PRESSWIRE-24 February 2004-fourth party logistics: Fourth Party Logistics transforms logistics from a cost proposition to a value proposition(C)1994-2004 M2 COMMUNICATIONS LTD RDATE:02242004 Adopting a holistic approach, fourth party logistics (4PL) has evolved as a breakthrough supply chain solution comprehensively integrating the competencies of third party logistics (3PL) providers, leading edge consulting firms and technology providers.

Such strategic alliances leverage the skill sets, strategies, technology and global reach, which would have otherwise taken years to duplicate. Globalisation is expected to strengthen demand for 4PL due to the substantial lifting of market barriers and import tariffs. Suppliers require a vast network of genuine...