Future Supply Chain Solutions Limited

Third-party logistics providers typically specialize in integrated operations of warehousing and transportation services that can be scaled and customized to customer’s needs, based on market conditions to meet the demands and delivery service requirements for their products.

Our Services often extend beyond logistics to include value-added services related to the production or procurement of goods, such as services that integrate parts of the supply chain.

Sumit Sharma, co-founder, GoBOLT writes about the challenges in the logistics sector and how artificial intelligence and machine learning could solve them.

The emergence of technologies such as AI (AI), machine learning and blockchain has transformed the chaotic and fragmented logistics market.AI is now following a similar path.

In an increasingly complex and competitive business world, companies that operate global supply chains are under unprecedented pressure to deliver higher service levels at lower costs.

The capabilities of AI are seriously ramping up company efficiencies in the areas of predictive demand and network planning.

These data and figures cannot be easily improved at the source, so algorithms are being used to analyze historical data, identify issues and improve data quality to the level where significant transparency on the business is gained.

Global logistics and supply chain operators manage large fleets of vehicles and networks of facilities worldwide.

Third-party logistics (also known as 3PL or TPL) is a system in which a company (the third party) offers inventory management and delivery services to another company.

A 3PL firm transfers products from a local or international manufacturer/supplier to their final destination.

Third-party logistics providers handle inventory management, inventory storage, packaging/warehousing, freight forwarding, customs clearance and declaration, shipping and distribution, and additional services (depending on the contract).

In exchange, the 3PL handles some or all of the company's logistical needs.Third-party logistics is an application of logistics in supply chain management and logistics in which a company uses third-party logistic services to outsource supply, warehousing, and fulfillment services.

The raw materials, equipment, labor, and other resources required after the completion of a product or process are all part of the supply chain.

They include the production facility, its location, the items that are made there, the means by which the products are conveyed to the ultimate consumer's location, and the distribution channels through which the finished products are dispersed.These components make up the supply chain structure, which must function effectively in order for a firm to be successful.