Third Party Logistics has become extremely popular. In earlier days, a business would worry about how to entrust their precious goods to someone else. But today things have changed thanks to the growth of professional 3pl Logistics Companies in Mumbai and all other cities of the country. The 3PL industry is expected to reach a value of 48,000 crores by the end of 2019. One of the main reasons is the huge growth of the retail sector with leaders like Amazon, Flipkart,and Snapdeal leading the retail business.
Apart from the retail giants, there are many MNCs in India from the pharma industry and the FMCG industry that are using the services of Third Party Logistics India companies. This has been a positive development for the sector and has led to a boom.
Also, the Government is investing heavily on infrastructure with good road services, ports, and exclusive freight corridors. All these have turned out to be drivers for the rapid growth of the 3PL sector in India.