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As it processes in excess of one million orders per week, 3PL Central shippers may indeed offer a relevant barometer for the growth of the 3PL warehousing market. Out of the top 100 shippers, the average growth rate per 3PL exceeds 61%, with more than 80% experiencing growth. While stay-at-home orders imposed by government leaders may have challenged many logistics managers, one prominent player in the marketplace has found a way prosper within the “new normal” mandate.

A confluence of factors—labor demand that’s outpacing uss express com review supply, worker retention challenges,…

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Supply Chain Agility for Resilient Supply ChainsIn this webcast, you will hear from aThingz about how their Supply Chain AI solution is enabling supply chain agility for their customers, which is a key attribute for resilient supply chains. Leading industry analysts maintain that in the current volatile business environment, an increasing number of logistics service providers are being forced to take dramatic action to generate positive impact rapidly—or risk going out of business. Morrow Roberson concludes by noting that the ability for air cargo to move perishable goods from one place to another quickly is a key driver https://www.reviews.io/company-reviews/store/uss-express.com of this cargo growth, and in some cases, it’s replacing profitable electronics volumes that peaked by 2010 for air cargo providers. For domestic players, she feels that while cross-border activities continue, there may be more considerations for onshoring. “As we move past COVID-19 particularly, the pharmaceutical and healthcare supply chain may be reconfigured to meet demands made by U.S. shippers,” Morrow Roberson adds. After working on the lists and the supporting report, Evan Armstrong, president of the consultancy, suggests to shippers that quick, tactical solutions should not be relied upon at this moment in time.

The overall U.S. 3PL market growth was 15.8% in 2018, the highest it has been since 2010, followed by a decline of -0.3% in 2019. Taking the last decade into consideration, 3PLs have developed business at an average of two to three times the rate of growth in the U.S. economy.

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According to Miller, top providers are also discovering how essential their businesses are. Obviously med-tech and food/cold storage has been an imperative part of the essential supply chain, but other items such as electronics and communication equipment, literature and learning supplies, arts and crafts have all become critical for continued education. However, trends do indicate continued awareness of the benefits of using 3PLs among Fortune 101 to 1,000 companies, and according to Armstrong, this growth should hold over the foreseeable future.

  • However, trends do indicate continued awareness of the benefits of using 3PLs among Fortune 101 to 1,000 companies, and according to Armstrong, this growth should hold over the foreseeable future.
  • Taking the last decade into consideration, 3PLs have developed business at an average of two to three times the rate of growth in the U.S. economy.
  • According to Miller, top providers are also discovering how essential their businesses are.
  • For domestic players, she feels that while cross-border activities continue, there may be more considerations for onshoring.
  • The overall U.S. 3PL market growth was 15.8% in 2018, the highest it has been since 2010, followed by a decline of -0.3% in 2019.
  • If you’re a customer of a 3PL and it isn’t consistently communicating its value to you in terms of performance or cost savings, then it may be time to look for other options.

“In addition, those 3PLs with a strong pharma/healthcare emphasis such as UPS and DHL also will see cold chain services grow,” says Morrow Roberson. Organizational alignment to focus on customer needs and optimizing service performance is critical to grow organically. If you’re a customer of a 3PL and it isn’t consistently communicating its value to you in https://www.thestreet.com/topics/stock/top-rated-equity-freight-logistics terms of performance or cost savings, then it may be time to look for other options. With a smaller labor pool to pull from and e-commerce sales continuing to escalate, logistics… Regarding COVID-19, she says that so far it looks like much of the demand for goods is coming from larger shippers as many small- to medium-sized businesses struggle to reopen.

Armstrong & Associates Top 50 Global 3pls As Of May 14,

Indeed, he maintains that 2020 will remain a year of “strategic crisis” for logistics managers aiming for a sustainable business plan with their 3PL partners. Kearney in partnership with CSCMP and Penske Logistics, the SoL has become known as the most comprehensive report of its kind, encapsulating the cost of the U.S. business logistics system during the previous year and offering a snapshot of how economic conditions are shaping the current logistics landscape. El Segundo, Calif.-based 3PL Central is a warehouse management systems leader that recently shared data indicating unprecedented growth is uss express legit in order volume from 3PLs supporting e-commerce since the lockdown. Analyzing proprietary data from its customer base, the provider has seen an 81% increase in order volume over the same time last year and the highest order volumes per 3PL ever—on par with Black Friday in 2019. Last year was a deeply unsettled and trying time for logistics managers, as demand for freight… Acute areas of growth include those 3PLs fulfilling e-commerce orders for essential goods and nutraceuticals. However, those 3PLs focusing purely on B2B fulfillment of non-essential items have been the hardest hit.

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