Although companies are increasingly outsourcing order-fulfillment services to industry operators to focus on core business functions, the industry has suffered in the wake of lower trade volumes, slow growth in consumer spending and decreased demand from retail trade over the past five years. Declines have been mitigated, however, by rising internet usage and online shopping, which has spurred demand for industry services. The Third-Party Logistics industry is expected to recover over the five years to 2021 as the US economy strengthens and inventory from US manufacturers, wholesalers and retailers grow.
Third party logistics (3PL) companies provide outsourced logistics services to clients. Operators typically provide integrated supply chain solutions which include, but are not limited to, warehousing, forwarding, packing, consulting, brokerage and transportation documentation. In particular, 3PL providers will tailor and incorporate their services into their customer’s supply chain based on client’s needs. All revenue in this report is gross revenue.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.