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 SCM.
Analysts forecast the 3PL
market in Europe to grow at a CAGR of 2.46 percent over the period
2013-2018.
The Report recognizes the following companies as the key
players in the Third Party Logistics (3PL) Market in Europe: CEVA Logistics, DB
Schenker Logistics, Deutsche Post DHL, Kuehne + Nagel International AG and
Panalpina World Transport Ltd.
Other Prominent Vendors in the market are: Agility, APL
Logistics, BDP International, Damco, Expeditors International, FedEx Supply
Chain, Hub Group, J.B. Hunt, Menlo Worldwide Logistics, Neovia Logistics
Services, NFI, Ryder, Schneider Logistics and Werner Enterprises Dedicated and
Logistics.
An increase in mergers and acquisitions will enable
companies to expand their customer base and product and service portfolio.
Vendors in this market are opting for the M&A route to increase their
global presence and expand their service portfolio as well as achieve economies
of scale in various supply chain management processes. M&A enables
companies to deliver services at all points along the supply chain.
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Covered in this Report
This report covers the present scenario and the growth
prospects of the 3PL market in Europe for the period 2014-2018. To calculate
the market size, this report considers revenue generated by 3PL providers. In
terms of country, the 3PL market in Europe can be segmented into the following:
France, Germany, Italy, Spain, UK, and the rest of Europe.
3PL Market in Europe 2014-2018, has been prepared based on
an in-depth market analysis with inputs from industry experts. The report
includes the landscape of the 3PL market in Europe 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 of the 3PL
market in Europe is the cost advantage achieved by the use of 3PL services. By
outsourcing logistics to 3PL providers, companies can improve the efficiency of
their businesses by focusing on their core competencies.
Further, the report states that the ongoing Eurozone crisis
has a negative impact on the leading markets in Europe; thus, emerging markets
in Europe have witnessed a decline in growth rate. This downturn has an adverse
impact on the Transportation and Logistics industry in Europe, which leads to
slow revenue generation for the Outsourced Logistics market in the region
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