Latest trends and best practices in Third Party Logistics technology, software solutions and providers of supply chain planning, operations, shipping and distribution.
According to new research report published by Allied Market Research, titled the global third party logistics market is expected to reach $1,110 billion, registering a CAGR of 5.16% during the forecast period 2016-2022.
Following last year's merger and acquisition frenzy, the speed of technology implementation by the new “mega 3PLs” will need to keep pace with the evolving challenges of omni-channel fulfillment. Those providers that meet shipper needs will remain dominant.
When the consultancy, Armstrong & Associates, staged their “3PL Value Creation Asia Summit” last month in Hong Kong, analysts came away with some predicable observations and a few new takeaways.
More than 80 percent of domestic Fortune 500 companies outsource their logistics operations and most expect to use third party logistics (3PL) providers more in the coming years, according to the University of Tennessee (UT) study sponsored by Kenco.
For the third straight year, Armstrong & Associates, Inc. convened its Annual 3PL Value Creation Summit in Chicago recently to identify key global industry trends.
Following the onset of the global recession in 2008 there were relatively few large –scale acquisitions in the 3PL industry. That has changed dramatically since early 2014. Since that time there have been ten major acquisitions by 3PLs totaling $18 billion.
CEOs across North America, Asia-Pacific and Europe were also asked to project regional industry revenue growth rates for the next three years in each of their regions.
Since FedEx announced the acquisition of GENCO late last year, many supply chain managers may still be seeking answers on the cultural shift and its impact on the 3PL marketplace.
In the annual study and forecast on third-party logistics providers (3PLs) the consultancy Armstrong & Associates note that “big deals” have dominated the last year.
The bigger, the better could serve as a accurate description of the third-party logistics (3PL) sector, given the increasing activity of large-scale 3PL-related acquisitions, coupled with the steady revenue growth the sector has seen and is expected to see in the future, too.
With an eye on further expansion of its e-commerce business and related reverse logistics processes, transportation and logistics bellwether FedEx this week said it has inked an agreement to acquire Pittsburgh-based GENCO, a third-party logistics (3PL) services provider…
The summit is scheduled for October 28-30, 2014 at the University Center Conference and will attract C-level executives, major shippers and prominent industry analysts.
Of special interest to readers of Supply Chain Management Review will be “Americas Update,” which will look into the future of the market in the Americas and assess how firms will be able to favorably position themselves to compete and win market share.
While shippers may generally be content with the reliability of their 3PL partners, new research indicates that there’s considerable concern about the value of long-term, strategic relationships. Industry analysts explain how innovation and a deeper commitment to…
The majority of shippers see supply chain risk management as a vital element on the way to optimizing their relationships with third-party logistics providers (3PLs). According to a new study by Accenture, however, only seven percent of shippers are generating returns of over…
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