GLOBAL 3PL MARKET WORTH $ 1 TRILLION , SAYS REPORT
LOGISTICS
“ACCESS TO LOGISTICS ROUTES DATA IS AN AREA WHERE 3PLS CAN ADD A LOT OF VALUE ”
ASHLEY NAUGHTON GROUP DIRECTOR , LOGISTICS , MCLAREN AUTOMOTIVE
GLOBAL 3PL MARKET WORTH $ 1 TRILLION , SAYS REPORT
3PL collaboration ‘ more important going forward ’ Collaboration among logistics providers is an emerging area but it is one Naughton feels will become more prominent going forward , particularly regarding sharing capacity .
“ A good example is the delivery of goods and services ,” he says . “ Traditionally , logistics will measure delivery ‘ fill ’ and yet it doesn ' t necessarily always measure and monitor its return fill . This is why , often , returning vehicles don ’ t contain any products . This is called empty running and
The 2022 global third-party logistics market is estimated to be worth over US $ 1tn and is projected to be worth $ 2,144tn by 2032 , according to market research .
The report – The State of the Third- Party Industry Report – says the rise of globalisation has contributed to the establishment of a global network of manufacturing activity , and that the demand for 3PL services is projected to rise in order to keep it running smoothly .
The 3PL market is expected to be driven by an increase in demand for shipping cost reduction and a focus on timely delivery management , as well as a reduction in company assets , the ability to focus on core business , and an advantage in managing seasonal variations . The report also said that manufacturers ' lack of control over logistic services and delivery processes may have a negative impact on the sector “ in the near future ”.
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