How fast is Contract Logistics growing?

Contract logistics refers to the outsourcing of complex logistical services by one company to a specialized third-party provider under a long-term agreement. These services go beyond basic transportation and warehousing, often encompassing a wide range of activities such as supply chain design and planning, inventory management, order processing, and even aspects of customer service. This strategic partnership allows businesses to focus on their core competencies while benefiting from the logistics provider's expertise and economies of scale.