The area of 3PL (third party logistics) has changed significantly in the past decade. Its growth has been tremendous, and the 3PL providers will only see further growth, especially with the advancement in technologies and mobile applications. The smart way of doing business will help the 3PLs to be more efficient in their operations, and will provide for increased customer satisfaction.
Just like in any other business, increased customer satisfaction will result in getting more customers. The forecast of the market growth for 3PL is as high as 15%. By the year 2020, 3PL will see a great demand to service the market, and the competition will be fierce.
