article thumbnail

Running Seamless 3PL Operations in the Midst of Supply Chain Chaos

Turvo

Third-party logistics, or 3PLs, help outsource business operations such as supply chain and logistics. The global demand for 3PL (third-party logistics) services is increasing due to the rapid rise of e-commerce. The worldwide 3PL industry, estimated at roughly $1 trillion in 2020, is predicted to reach $1.75

3PL 87
article thumbnail

The Myths and Benefits of Using a 3PL: Evaluation Criteria to Consider

Turvo

Prior to the onset of the pandemic, the value of a third-party logistics provider (3PL) was increasing. report found that the global 3PL market would surpass $1,800 billion by 2026. And the ability of 3PLs to maintain efficiencies and become more collaborative will define this growth period.

3PL 55
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Top Transportation & Logistics Influencers

The Logistics of Logistics

Trillion by 2026 according to IMARC Group and the overall total U.S. In addition to the podcast, Joe also works closely with supply chain companies (shippers) and 3PLs. Prior to the podcast Joe served as GM and COO for a non-asset based 3PL and led a supply chain consultancy, focused on the automotive sector.

article thumbnail

Smaller cities become new hubs in the Indian warehousing landscape.

20Cube Logistics

The space requirement for warehousing is expected to reach 483 million square feet by 2026, growing at 12.77% CAGR. In 2021, the third-Party Logistics ( 3PL ), was reported to occupy the maximum warehousing space, followed by e-commerce. Opportunity drivers.

article thumbnail

3PL vs 4PL: How to Know Which One is Right for You

GlobalTranz

Learning the difference between third party logistics (3PL) and fourth-party logistics (4PL), as well as 1PL and 2PL, and the rise of even fifth-party logistics (5PLs) is becoming increasingly sophisticated and valuable for driving successful supply chain operations. What is the difference between 3PL and 4PL?

3PL 210
article thumbnail

Top 10 Logistics Trends That Could Impact Supply Chains in 2022

Locus

Billion by 2026, growing at a CAGR of 9.28% from 2019 to 2026. Rise in demand for 3PL and 4PL services. Third-party logistics (3PL) is a growing industry in the United States. By 2022, the 3PL market is expected to reach 278 billion U.S. – Statista, Revenue generated from US 3PL market, July 2021.

article thumbnail

Learnings and Insights From the 2023 Gartner® Supply Chain Symposium

BlueYonder

by 2026, with a CAGR of 12.8%. Insights From Magic Quadrant Session: 3PL Industry It is still a roller coaster ride in 2023 for 3PL companies according to Jose Reyes, Gartner Analyst. in 2022 and is expected to reach $11.4B She also observed that solution providers are exploring partnerships to enhance their standard offerings.

Gartner 52