What is 4PL and How 4PL Works?
4PL, or Fourth-Party Logistics, is a logistics model that goes beyond the traditional third-party logistics (3PL) concept. In a 4PL arrangement, an external organization (the fourth party) manages and oversees the entire logistics process for a company. This includes managing multiple 3PL providers and other components of the supply chain. The 4PL provider acts as a central point of coordination and integration, ensuring a seamless and optimized supply chain.