While Many 3PLs Have Expertise in Some of the Special

question 5

Short Answer

While many 3PLs have expertise in some of the special service areas, leading 3PLs are pursuing two additional capabilities, these are:

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Definitions:

Labor-Intensive

Describing a process or industry that requires a large amount of labor to produce goods or services compared to the amount of capital used.

Labor-Abundant

Referring to a country or region that has a large supply of labor relative to capital.

Comparative Advantage

The ability of an entity to produce a good or service at a lower opportunity cost than others, leading to more efficient trade possibilities.

Labor-Intensive

Characterized by a high proportion of labor relative to capital in the production process.