- The key vendors in the Third Party Logistics (3PL) Market in Europe are CEVA Logistics, DB Schenker Logistics, Deutsche Post DHL, Kuehne + Nagel International AG and Panalpina World Transport Ltd.
London, 20 August 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Third Party Logistics (3PL) Market in Europe 2014-2018. 3PL market in Europe is predominantly driven by the cost advantage achieved by the use of 3PL services. By outsourcing logistics to 3PL providers, companies can improve the efficiency of their businesses by focusing on their core competencies.
3PL is a business procedure through which companies outsource their logistics and distribution functions to a service provider that specializes in handling logistics functions such as transportation, warehousing, and freight and forwarding. Currently, 3PL are improving logistics by introducing innovative supply chain management
“The use of upgraded technologies in the 3PL service is likely to increase in coming years. The 3PL service providers have an entire range of services such as GPS-enabled transportation trucks for tracking, RFID for inventory tracking, bar coding, and MIS-related services,” says Faisal Ghaus, Vice President of TechNavio Research.
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%…
