5PL Meaning in Logistics

5PL, or Fifth-Party Logistics, refers to a type of logistics service provider that focuses on three elements:

  • design
  • development
  • implementation of supply chain management systems

5PL organizations take a holistic view of a client’s supply networks and logistics operations.

They develop customized solutions to improve the efficiency and effectiveness of supply networks. 5PL logistics term is a new phenomenon in the world of business.

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