
Contract logistics is the outsourcing of resource management responsibilities to a third-party company. Contract logistics businesses handle activities like designing & planning supply chains, designing facilities, warehousing, transporting as well as distributing goods, managing inventory, processing orders & collecting payments and even offering certain aspects of customer service. Contract logistics or system logistics, is also known as 3PL (3rd party logistics). Some of the key contracts logistics companies include UPS Supply Chain Solutions Inc, Kuehne + Nagel International AG, and DSV A/S. Growing trading activities owing to globalization is likely to impel growth of the global contract logistics market over near future.