article thumbnail

Why Are Companies Turning to LSPs? Technology Leadership

BlueYonder

The global market for third-party logistics (3PL) is projected to increase from $974.6 trillion by 2030 , reflecting an average annual growth rate of 8.4%. Nafe Hagen, 3PL Global Solutions Leader for Blue Yonder, rounded out our panel. As a result, LSPs are seeing enormous growth. billion in 2022 to $1.9

article thumbnail

A Conversation with Don Teng

The Logistics & Supply Chain Management Society

We can leverage the usage of edge-sensors, using our expertise in installing and providing this type of “component” to extract data helping 3PL/supply chain owners to digitise and optimise to improve productivity and efficiency in supply chain workflows and operations. How do you visualize the current adoption of Industry 4.0

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 10 Logistics Trends That Could Impact Supply Chains in 2022

Locus

Demand for last-mile delivery is soaring and is expected to grow by 78% globally by 2030.- The driver shortage in the US could surpass 160,000 in 2030 and it was estimated to be around 80,000 this 2021. The number of delivery vehicles on the road will increase by 36% between 2019 and 2030 (top 100 cities globally).

article thumbnail

Bringing Order to Chaos: Last-Mile Delivery Costs and How to Reduce Them

Locus

Emissions from urban last-mile deliveries are predicted to increase by 30% in 100 cities globally by 2030. Partner with third-party logistics (3PL): Collaborating with 3PL providers such as Locus can help businesses access sophisticated logistics networks and technologies without the hefty upfront investment.

article thumbnail

In Focus: 2023 SCM Strategies for Industry Leaders

Locus

3PLs Will Be Key for SCM A recent study projected that the 3PL market size could expand to $2.3 trillion by 2030. This growth is primarily driven by retailers, FMCGs, and others who don’t have a dedicated fleet and therefore rely on 3PLs & CEPs for delivery.

article thumbnail

5 Disruptions Shaping the Digital Transformation in Distribution and Logistics

BlueYonder

According to Gartner, “3PL buyers today want a competitively priced, comprehensive set of services that are consistently integrated and reliably available.” For example, Kenco, a midmarket 3PL, established a dedicated Innovation Lab where they explore a variety of technologies to solve customer problems.

article thumbnail

5 Disruptions Shaping the Digital Transformation in Distribution and Logistics

BlueYonder

According to Gartner, “3PL buyers today want a competitively priced, comprehensive set of services that are consistently integrated and reliably available.” For example, Kenco, a midmarket 3PL, established a dedicated Innovation Lab where they explore a variety of technologies to solve customer problems.