The global third-party logistics (3PL) market reached $1.47 trillion in 2022, according to Armstrong & Associates, Inc. (A&A), an increase of 14.5% over 2021 revenues.
4PLs and 3PLs are not mutually exclusive, says Eric Rempel, chief innovation officer at Redwood Logistics. But 4PLs do have other capabilities that logistics managers might want to tap.
Challenge: A fast-growing D2C medical apparel company experienced significant growth in ecommerce order volume as well as dramatic spikes due to promotional activity.
Despite inflationary pressures on companies' pocketbooks, now is the time for them and logistics service providers to gear up for challenges 2023 is likely to present, says Mike Riegler, senior vice president, LSP, One Network.
The third-party logistics market is expected to experience steady growth in the near future, as companies continue to realize the value of outsourcing their supply chain operations.
COVID-19 exposed a lot of weaknesses and led shippers to gain a better understanding of the importance of data portfolios, which is the primary purpose of outsourced logistics solutions.
For small to mid-sized companies, it’s vital to outsource logistics operations to qualified and experienced 3PLs, helping the small business to streamline transportation processes and operations.
The latest news, analysis, services and systems regarding logistics outsourcing and its impact on global supply chains. Today’s companies are transporting and delivering perishables and manufactured goods in a more timely and efficient manner than ever before using third party logistics providers (3PLs). New technologies that provide information during shipments are transforming the way companies work with these providers - and allowing them to stay ahead of the competition in their industries. As 3PL services continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies are using logistics outsourcing solutions to power their supply chains.
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