What is contract logistics

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Accepted Answer

Contract logistics refers to the outsourcing of logistics services to a third-party provider.

It involves the management of a company's supply chain activities, including transportation, warehousing, and distribution.
The third-party provider is responsible for ensuring that goods are delivered to the right place at the right time and in the right condition.
Contract logistics can help companies reduce costs, improve efficiency, and focus on their core business activities.
Examples of contract logistics providers include DHL, UPS, and FedEx.
Contract logistics can be customized to meet the specific needs of each company, including the type of goods being transported and the destination.
It is a growing industry, with the global contract logistics market expected to reach $298.8 billion by 2027.

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