Third-Party Logistics Market (3PL) - New Development, Key Manufacturers & Future Opportunities

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Albert Morris

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Nov 15, 2017, 7:53:30 AM11/15/17
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Third-Party Logistics (3PL) firm is an external supplier that perform company’s logistics function. It encompasses providers of services such as transportation, warehouse, financial and so on. 3PL can go beyond logistics and distribution and can provide specific services such as inventory management, freight payment, order processing and packaging of products. Increase in e-commerce industry and reverse logistics operations are the major drivers which help in surging the growth of third-party logistics market whereas loss of direct control on the logistics service may act as a restraining factor for this market. Advanced software and smart devices for carrying out effective supply chain operation will add new opportunities for this market in the forecast period. Some of the key players influencing the market are Sinotrans (HongKong) Logistics Co., Ltd., UPS Supply Chain Solutions, XPO Logistics, Inc., DB Schenker, DHL Supply Chain, Nippon Express Co., Ltd., FedEx Corporation, J.B. Hunt Transport, Inc., Kuehne + Nagel Inc and Expeditors International of Washington, Inc. among others.
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