3PL is the
outsourcing of logistics and distribution activities by companies to logistics
solution providers known as 3PL providers. A 3PL provider is a company to which
shippers (customers that transport goods using 3PL services) outsource a part
or all the supply chain management (SCM) functions of their logistics services.
A 3PL provider plays a significant part in handling customer logistics
requirements and performs transportation, location tracking, and sometimes
product consolidation activities. Thus, 3PL providers typically specialize in
transportation, warehousing, and integrated operation services, which they
customize according to their customers’ needs. Often, 3PL providers go beyond
logistics and provide value-added services such as inventory management,
cross-docking, door-to-door delivery, and the packaging of products. They also
provide strategic and operational value to many shippers worldwide. Currently,
3PL improves logistics effectiveness by introducing new and innovative ways to
manage the SCM.
The Report
recognizes the following companies as the key players in the Global Third Party
Logistics (3PL) Market are: CEVA Logistics, C.H. Robinson Worldwide Inc., DB
Schenker Logistics, Deutsche Post DHL, Hyundai Glovis Co. Ltd., Kuehne + Nagel
International AG, Nippon Express Co. Ltd. and United Parcel Service Inc. (UPS).
Other Prominent
Vendors in the market are: Agility, APL Logistics, BDP International, Damco,
Expeditors International, FedEx Supply Chain, Hub Group, Imperial Logistics,
J.B. Hunt, Kerry Logistics, Logwin, Menlo Worldwide Logistics, Neovia Logistics
Services, NFI, Panalpina, Ryder, Schneider Logistics, Sinotrans, Werner
Enterprises Dedicated and Logistics and Wincanton
An increase in
M&As is one emerging trend in the market that will enable companies to
expand their global customer base and their portfolio of products, solutions,
and services.
Covered in this Report
This report covers
the present scenario and the growth prospects of the Global 3PL market for the
period 2014-2018. To calculate the market size, this report considers revenue
generated by 3PL providers. In terms of services outsourced, the Global 3PL
market can be segmented into the following: Warehousing, Domestic
Transpiration, International Transportation, Inventory Management, Packaging,
and Freight forwarding.
Global 3PL Market
2014-2018, has been prepared based on an in-depth market analysis with inputs
from industry experts. The report covers the Americas, and the EMEA and APAC
regions; it also covers the Global 3PL market landscape and its growth
prospects in the coming years. The report also includes a discussion of the key
vendors operating in this market.
According to the
report, one of the main drivers in this market is the logistics cost reduction
achieved by utilizing 3PL services. By outsourcing the logistics part of their
operations to 3PL providers, companies can improve the efficiency of their
business by focusing on their core competencies.
Further, the report
states that competition from unorganized markets is one of the major challenges
in the market. The market is highly fragmented and dominated by local logistics
service providers.
