- The key vendors in the 3PL market in Europe 2015-2019 are C.H. Robinson Worldwide Inc., CEVA Logistics, DB Schenker Logistics, Deutsche Post DHL, Expeditors International of Washington (Expeditors), J.B. Hunt Transport Inc., Kuehne + Nagel International AG, SNCF GEODIS, TNT Express NV, United Parcel Service Inc. (UPS) and UTi Worldwide Inc.
London, 05 June 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the 3PL market in Europe 2015-2019. Growing preference for eco-friendly logistics is one of the major trends being witnessed in this market. In recent years, an increase in environmental awareness among shippers has raised concerns about vehicular pollution. 3PL providers have also switched to renewable sources of energy and use hydrogen fuel cells to generate energy. The 3PL market in Europe 2015-2019 is expected to post a CAGR of 2.87% during the forecast period of 2014-2019.
An increase in the outsourcing of logistics services by customers has driven the growth of the market. In-house logistics is a capital-intensive practice as it requires a high amount of capital for assets and their maintenance. Further, it makes the supply chain process more complex, and hence companies cannot focus on their core-competent business processes. Contract logistics reduces the cost of operations for companies and makes the SCM processes more effective.
“The logistics and 3PL markets in Europe collect data using cloud-based technologies such as TMS, CRM solutions, RFID readers, and WMS solutions,” says Faisal Ghaus, Vice President of Technavio Research.
“Big data analytics in logistics help to define optimal shift planning in retail stores, utilize data to predict crime hotspots, and provide analysis for customer retention and inventory planning.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
