Across the world, multiple businesses are turning to third-party logistics (3PL) suppliers to outsource elements of their distribution, warehousing, and fulfillment services. As a result, the 3PL market is projected to grow rapidly and is expected to reach $1,789.94 billion by 2027. A catalyst for this growth could be the evolution of the e-commerce industry,
In the virtual event “India Inc On the Move,” presented by CNBC-TV18 and Moneycontrol.com and powered by Rockwell Automation, Jayendran Balasubramanian, Co-founder and CEO of NextFirst, discusses how smart conveying systems can help achieve production goals such as mass customization, hyperlocalization, omnichannel distribution strategies, and demand-centric supply chain.