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.

Click Here to Read Full Story

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 pburnson@peerlessmedia.com.

About Axe Bpo: Axe Bpo is a Chennai, India based Premium Business Process Outsourcing company serving Freight Forwarding and Logistics businesses across Continental Europe & USA. For over 15 years, we are successfully serving Forwarding / Consolidation businesses in Spain, Sweden, France, Belgium, Netherlands, UK, and more. Our aim is to deliver substantial operational economy and efficiency, apart from helping our clients extend excellent customer service. We constantly strive to adopt and adapt appropriate technology, multilingual capabilities to quicken our process delivery, matching expected Turn Around Time and Price parities. This has ensured that our clients’ trust in us and most customer engagements have spanned 10+ years.

 You can reach us at consult@axebpo.in or call us at +91 9840625739