2020 State of Logistics: Third Party Logistics (3PL)
Third Party Logistics providers turn to more automation post-pandemic.
For many industry thought leaders, analysts, and educators, the impact made by the COVID-19 pandemic has yet to realign the current third-party logistics (3PL) marketplace. But when it does, shippers may expect far greater reliance on innovative technologies requiring substantial capital investment.
“Given the massive coronavirus windfall for omnichannel and e-commerce companies, some might think that 3PLs have a tremendous opportunity,” says Michael Gravier, associate professor of marketing and supply chain management at Bryant University. “Even before this disruption, the world was a volatile place with tariffs and raw material costs fluctuating as quickly in response to Twitter blasts. And it was pushing companies to focus more on innovation based on core competencies and allowing 3PL’s to take more charge of supply chains.”
These trends before the virus struck indicated that 3PLs were increasing their strategic importance greatly, adds Gravier, with the focus on the “fourth industrial revolution” providing a tantalizing opportunity for them if only they could capitalize on their roles as integrators and supply chain matchmakers.
Article Reference: Logistics Management
About Author: Patrick Burnson, Executive Editor
Patrick Burnson is an executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at firstname.lastname@example.org.
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