TechNavio recognizes the following companies as the key players in the Global 3PL Market: Deutsche Post DHL, Kuehne+Nagel International AG, DB Schenker, and Nippon Express Co. Ltd.
Commenting on the report, an analyst from TechNavio’s team said: “In recent years, cloud technology is fast gaining popularity across the world and in various industries. The 3PL providers are also embracing cloud technology, where all their data would be stored in the cloud and can be accessed at any point of time. Moreover, cloud technology would provide the shippers a control over the data and process. More importantly, it would help in establishing transparency in the relationship between the vendors and the clients. In addition, it would solve the IT system compatibility issues faced by both sides. The future 3PL services would be cloud-based, thereby enabling shippers across the globe to access 3PL services and systems. Thus, the centralization of data with cloud technology is an emerging trend that will drive the market in the future years.”
According to the report, one of the main drivers in this market is the reduction in logistics cost achieved by shippers by availing the services of 3PL providers. By outsourcing the logistics part of their operations to 3PL providers, customers can improve the efficiency of their business by focusing on their core competencies.
Further, the report states that one of the main challenges in this market is the concerns relating to product security and trust. Customers are concerned about the security of the products to be delivered owing to the high cost of the products to be shipped.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are C H Robinson Worldwide Inc., CEVA Group Plc, DSV A/S, Hyundai Glovis Co. Ltd., Panalpina Welttransport Holding AG, and United Parcel Service of America Inc.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-3pl-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/others
Follow us on Twitter @ Technavio
TechNavio Announces the Publication of its Research Report -Global 3PL Market 2012-2016
