What is third party logistics (3pl)?
Third party logistics (3pl) is the outsourcing of certain business functions such as warehousing, courier & delivery services to a third party logistics (3pl) provider, who usually specializes in carrying out these processes. Third party logistics is (3pl) a growing trend in cities like Mumbai, Pune, Bangalore, etc.
What are the advantages of outsourcing courier & delivery services?
Not only does outsourcing provide an easy solution to all the courier & delivery problems faced by businesses by being economically priced and time saving, but it also adds value to their product. Sumeet Wadhwa, founder of a Mumbai based on demand courier service company, says,
“Because we have the expertise and resources to deal expressly with logistic & delivery issues, our services can be scaled up and customized to meet any business requirement.”
Subscribing to a third party logistics (3pl) provider means that a business no longer needs to waste its resources on buying a fleet of transport vehicles or hiring delivery & logistics team, making the business venture a low cost commitment and allowing it to focus on its core business activities and simultaneously offering it greater flexibility in terms of geographic reach to overseas markets at low cost and risk.
How will it enable faster growth for online sellers?
With the start-up culture and ecommerce boom in India, logistics has become the key area for growth. Firms distinguish themselves by the quality of value added customer service that they can provide alongside their products. Delivery & logistic providers enable these businesses to achieve this goal through their specialized services that allow the company to grow and compete without requiring high capital investments.
One such much talked about delivery & logistics provider, Sendd, a Mumbai based company, co-founded by Sumeet Wadhwa, Nav Agrawal and Sargun Singh Gulati in April this year, has become a popular choice among businesses and individuals alike.
In a city like Mumbai, small to medium scale enterprises and certain ecommerce players have already started using courier partners like Sendd for product deliveries, returns & so on. A number of businesses started at home or garage in Mumbai’s so called Silicon Valley, Powai, have also started adopting to on demand shipping services of Sendd.
Sendd provides a complete shipment solution to businesses with features such as free pickup, free packaging as well as insurance.
Additional services include cash on delivery, delivery across the world & a reliable customer support, making Sendd a leader in managing first mile logistics that current courier companies fail to provide.
With its seamless presence on website & mobile app for its Android & iOS users, Sendd is geared towards providing a high quality, uniform and reliable courier service to both individuals and businesses at economical rates.
How do researchers predict the future of this segment?
With the third party logistics market in India expected to touch Rs. 48,000 crore by 2019 with a CAGR of 12.7% as manufacturing, retail, FMCG and e-commerce sectors continue to grow, the need for a service that distinguishes itself on the basis of its reliability, quality of customer care and support and ability to respond quickly in meeting the demands of customers is of absolute need. Sendd carves for itself a niche in this market by being a high quality, easy to access and fully equipped service that is capable of adapting to meet its customer’s demands.
Disclaimer: This is a guest post and the views/opinions are of the writer/company.