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Question: Globally, most organizations prefer to outsource several activities including those in Logistics and transportation as a best practice to Third Party Logistics providers (3PL)

Question: "Globally, most organizations prefer to outsource several activities including those in Logistics and transportation as a best practice to Third Party Logistics providers (3PL) or Fourth Party Logistics Providers (4PL)"

Required

  1. Using appropriate examples differentiate between 3PL and 4PL
  2. Discuss the benefits and risks associated with outsourcing logistics activities to both 3PL and 4PL.

3. Discuss the main stages of outsourcing logistics operations to a 3PL or 4PL in a global business environment

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