KUALA LUMPUR: TA Securities Research has reaffirmed its bullish outlook on third-party logistics (3PL), which will play an important role in strengthening overall supply-chain management due to the proliferation of trade conflicts and geopolitical tensions.
"The 3PL operators enable various warehousing processes, procurement and distribution of raw material, a unification between freight and customs and expedite shipment of goods.
"Importantly, the additional cost of having the 3PL service is insignificant if compared to the cost of operation disruptions, which is unbearable," it said.
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