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Research Objectives: The research objectives are mentioned in the following: • To identify the present benefits and challenges of third party logistics 3PL in the global scenario

Research Objectives: The research objectives are mentioned in the following: • To identify the present benefits and challenges of third party logistics (3PL) in the global scenario • To recognize the factors influencing 3Pl at the global context • To assess the interrelationship between 3PL and IoT in a global scenario • To suggest strategic initiatives for overcoming the challenges of 3PL for developed IoT 3.0 Research rationale: The increased importance of the environmental sustainability has created the need for the innovative approach for transportation and logistics service. In such global scenario the 3PLs are known to make the substantial contribution to the transport and logistics activities. Furthermore, in recent years the numbers of trends like the internet of things have affected the logistics industry. These have also created the strategic benefits and challenges for the 3PLs. However, the global companies are facing the challenges in regards to the location and material flow from the 3Pls during managing the internet of things. The biggest issue is the coordination of the 3PL companies is the information sharing, which is hampering the IoT process. The supply chain management is not required to be able to provide the real-time data, but also it requires the integration of data by managing the IoT across the supply chain. Hence, the consideration of the benefits and challenges has become the crucial issue for 3PLs during managing the IoTs as the present research issue.

Jun 14 2020 View more View Less

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