Third-party logistics (3PL) can be useful when snack and bakery companies need to outsource logistics and distribution needs. These third-party companies can sometimes streamline productivity, since they’re able to handle multiple deliveries while keeping track of orders and quality control, among other benefits.
In 2018, the global 3PL market was valued at $728.6 billion and is expected to register a CAGR of 7.5% from 2019 to 2025, per the June 2019 “Third Party Logistics Market Analysis Report” from Grand View Research. As the report notes, companies that choose to outsource to 3PLs often have reduced risks, leaving more time to focus on the core of their own businesses, which can give them an advantage.