Contract Logistics (CL) is a strategic outsourcing model whereby companies delegate a wide range of logistics functions and operations, such as warehousing, transportation, distribution, inventory management and value-added services, to a specialised third-party logistics provider. This long-term, contractual partnership allows the client company to benefit from the provider’s specialised expertise, advanced technologies and economies of scale, resulting in improved supply chain efficiency, cost effectiveness and the ability to focus on core business activities, while the logistics provider assumes responsibility for planning, executing and managing the client’s logistics needs under a customised, performance-based agreement that aligns incentives and shares risks and rewards between the two parties.

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【Financial Technology】Blockchain Revolutionizing the Logistics Industry with Smart Contracts