The popularity of third-party logistics providers’ (3PLs) is growing. Currently, 3PLs are a nearly $150 billion business in the U.S. and are utilized across market verticals; the big three Detroit auto makers use more than 30 3PL providers alone. And business is growing; 72% of shippers are increasing use.
The growth isn’t a surprise to those in the industry. According to Armstrong & Associates, a leader in supply chain market research and consulting, the growth is driven by globalization, a need for supply chain information technology solutions and companies who are choosing to focus on their core competencies. We know that few other relationships have such a far reaching impact. 3PLs offer the ability to design, execute and improve logistics networks through the development of processes, technology, and people.
