Incorporating advanced technologies and digitalising the offerings has been imperative for third-party logistics (3PL) companies to meet the evolving demands of their customers and stay competitive within their market. Warehouse automation, the Internet of Things (IoT) and data analytics are reshaping operations, making them essential for competitiveness and growth. These technologies are now considered crucial for increasing efficiency, improving data transparency and boosting 3PL business growth.
Warehouse automation has gained significant traction in recent years. It encompasses a spectrum of technologies, from mobile robots to sophisticated software solutions. By leveraging automation, companies can streamline picking, packing and inventory management processes, enhancing accuracy, speed and cost-effectiveness.
The supply chain visibility has simultaneously changed because of the Internet of Things (IoT), which provides real-time insights into every aspect of the logistics ecosystem. Businesses can track shipments, monitor conditions and optimise resource utilisation with unprecedented granularity by leveraging IoT devices like sensors and RFID tags. The supply chain is more responsive, efficient and agile because of this interconnection, which improves transparency.
Driven by these trends, the 3PL market is expected an annual CAGR of 2.39 percent, leading to a projected market volume of $1.44 trillion by 2028.
In this edition of Logistics and Transportation Review Europe, we provide insights into recent developments in the 3PL market and how companies offering 3PL services align with the latest trends.
It features a thought leadership article from Cleo Kortenhorst, Senior Logistics Manager Warehouse & Outbound at Arla Foods, who talks about insights on a comprehensive view of the logistics challenges and innovations at Arla Foods. It also features an article from Ferran Soler Sague, Logistics & Distribution Manager, Noel Alimentaria S.A.U, who sheds light on the evolving role of 3PLs in modern logistics.
In this edition featuring the Top 3PL Services in Europe and UK 2024, we hope you find the right partner to meet your organisation’s needs. Let us know your thoughts!
