2018 third-party logistics study pdf

This is particularly relevant as retailers and manufacturing locations work to keep inventories low. The paper discusses the findings from an annual survey of 3pl4pl providers, shippers not currently using 3pl4pl services and shippers currently using 3pl4pl. This years study shows the continuation of two trends. Pdf the role of third party logistics service providers 3pls in emerging markets. It may not be surprising that thirdparty breaches are now the most expensive incidents for both enterprises and smbs. The size of the tpl industry and the different requirements placed on logistics as opposed to basic services, such as transportation or public warehousing, justify the need to treat tpl as a separate industry. Thirdparty logistics study annual study on the state of logistics outsourcing. John langley, clinical professor of supply chain management at penn state university and the lead author of the annual third party logistics study, outlines key trends in this important. According to the 2018 22nd annual third party logistics study produced by penn state university and sponsored by penske logistics, these relationships provide a competitive advantage for shippers. As a matter of course, they often partner with thirdparty logistics 3pl providers to seek counsel and reduce costs.

For a complete list of the five opportunities 3pls can use for the coming year to achieve a superior customer experience, be sure to download the complete 2018 state of the thirdparty logistics industry report. The 2018 thirdparty logistics study was recently published. The 21st annual, 2017 third party logistics study the results and findings of the 2017 21st annual third party logistics study provide current perspectives on the nature of shipper and 3pl relationships, why they are generally successful and some of the ways in which they could be improved. Thirdparty logistics, warehouse, storage 58% 3% no plans 39% retail 28% nonstore front 38% store front 1 emarketer, worldwide retail and ecommerce sales. Third party logistics study annual study on the state of logistics outsourcing. The study shows that 3pls views of value creation in the uae are. Third party logistics3pl kuldeep uttam iit roorkee 2. Formulation of comprehensive business model for future logistics foray as a third party logistics player for warehouse services. In addition to cold chain storage and foreign trade zone warehousing, our services range from packaging, fulfillment and distribution, to global supply chain solutions, freight forwarding and freight management. The 2018 thirdparty logistics study highlights potential of. Top 11 thirdparty breaches of 2018 so far data breach.

In case you havent had a chance to read the 2018 thirdparty logistics study, here are some key takeaways from the results and findings. The intersection of supply chain technology, changing online consumer spending habits, data management, delivery preferences, and other factors are all serving as game changers in how 3pls are continually striving to better serve shippers. It may come as a surprise to you that thirdparty sellers are behind nearly 82% of amazons sales. According to the 2018 third party logistics study, 3pls. Nov 28, 2017 summary of the 2018 22nd annual 3pl study 1. This magic quadrant evaluates third party logistics providers abilities to be global preferred providers. The 2018 22nd annual thirdparty logistics study shows the continuation of positive relationships between shippers and thirdparty logistics providers. Third party logistics has many definitions and interpretations. India has reported 150 million cubic meters of refrigerated warehousing in 2018, maintaining the position of the largest total capacity among the countries in the gcca database. About the 2018 third party logistics study since 1996 this study has documented the significant transformation of the 3pl industry. The third party logistics service market has witnessed continuous growth in the last few years and is projected to grow even further during the forecast period of 20202026. Were only halfway through 2018 and thirdparty data breaches continue to dominate the headlines. Pdf in this article, the authors describe the results of a study on strategies of thirdparty logistics tpl providers.

Implementation plan for third party logistics providers 3pls since its inception, the customstrade partnership against terrorism ctpat program has sought to enhance supply chain security throughout the international supply chain, from point of stuffing, up to the first u. Its that simple and if its seamless, customers never think twice about the handoff between received orders and its fulfillment. A study on the development of third party logistics industry with bcg matrix analysis. Technavios report, thirdparty logistics market 20182022, has been prepared based on an indepth market analysis with inputs from industry experts. The 2018 22nd annual thirdparty logistics study shows the continuation of positive relationships. The 2018 22nd annual 3pl study reported that 61% of shippers are increasing their use of outsourced logistics services, compared to a figure of 58% reported last year. John langley and infosys global results have been mixed. Penske logistics, along with infosys, presented findings from the 2020 third party logistics study. Whats driving the third party logistics market 2018 growth.

The evolution of thirdparty logistics inbound logistics. Try to measure the scope of 3pl in improving operational efficiency and financial performance of any organization. Defining the concept of supply chain quality management and its relevance to academic and industrial practice, international journal of production economics, 963, 315337. According to the 2018 third party logistics study, 3pls add. The top logistics trends that will impact supply chain. Amazons onehour or sameday shipping is possible due to its dependence on its own logistics. An exploratory study of the oil and gas industry in nigeria article pdf available in sage open 74. But in the real world of today, tomorrow and especially five years from now, warehousing is evolving. About the 2018 thirdparty logistics study since 1996 this study has documented the significant transformation of the 3pl industry. You must be logged in to download any of the documents featured on this page. The 17th annual study on trends in thirdparty logistics. The global 3pl market is expected to reach usd 925.

This years study was sponsored by penske logistics, infosys consulting, penn state university and kornferry. Its about storing materials or goods and filling orders from one end of the supply chain to the other. Energy efficient frozen food lineage logistics uses ndustrial. In 2018, thirdparty logistics providers in the united states generated gross revenue from domestic transportation management to the value of 86. As both parties take advantage of greater data availability and. That is a key takeaway from the 2019 22nd annual third party logistics study, which was released today by infosys consulting, penn state university, penske. The success of the thirdparty logistics industry is evident in the generally high marks given to 3pls by respondents to a survey as part of the 20 17th annual third party logistics study, which identifies trends and explores how both 3pls and shippers are using these relationships to improve and enhance their businesses and supply chains. The 2019 23rd annual thirdparty logistics 3pl study examines the global outsourced marketplace and leading trends for shippers and. In that time, 3pls evolved from tactical service providers to.

In the 2015 19 th annual third party logistics study, survey results showed the continuing, positive overall nature of shipper3pl relationships. The majority of research in this field is of exploratory type and is mainly focused on reasons, benefits, and risks to work with the 3pl as well as the role of those in supply chain management. State of logistics outsourcing report during the annual council of supply chain management professionals cscmp 2019 edge conference in anaheim, california. Implementation plan for third party logistics providers 3pls. Results and findings of the 24th annual thirdparty logistics study. Shippers and their thirdparty logistics providers continue to grow and enhance their relationships. The most common issues that shippers face have remained fairly constant. Infosys consulting, penske logistics and penn state university surveyed 558 professionals on leading trends in logistics and the supply chain and took a deep dive into the ways in which shippers and 3pls can. Supply chain leaders in logistics can use this research to better evaluate these 3pls and their capabilities when selecting the right set of providers to meet their global logistics needs. Tactics to provide exceptional customer support at every touchpoint. Greater availability of data and the ability to make realtime decisions are driving both parties towards more meaningful partnerships, which is leading to innovative solutions that can provide a.

Logistics service providers will be integral to the success of shippers in 2018, but the top logistics trends trends that affect the shipper can differ from those affecting thirdparty logistics providers, procurement professionals and freight shipping. Main objectives of this study are mentioned here under. Analysis of the third party logistics industry in the u. The 21st annual, 2017 thirdparty logistics study supply.

About the 2018 annual thirdparty logistics 3pl study. Warehousing 2018 a growing complexity at its most basic, warehousing is a simple concept. Results and findings of the 24th annual third party logistics study infosys consulting, penske logistics and penn state university surveyed 558 professionals on leading trends in logistics and the supply chain and took a deep dive into the ways in which shippers and 3pls can collaborate to drive value. Third party logistics, cold chain and foreign trade zone.

This years study was sponsored by penske logistics, infosys consulting, penn. Oct 03, 2017 the 2018 22nd annual third party logistics study shows the continuation of positive relationships between shippers and third party logistics providers. A field study and a conceptual framework, international journal of production economics, 901, 103115. India had 7,645 cold storages in 2018, each averaging less than 20,000 cubic meters in size. According to the 2018 third party logistics study, 3pls add value. Thirdparty logistics is a growing industry in the united states, with total industry revenue reaching 2. Todays smartest and most successful warehouses are already looking to the future of logistics with a focus on the customer experience. The thirdparty logistics study examines the global outsourced marketplace and leading trends for shippers and 3pls in the logistics industry. The 2018 22nd annual thirdparty logistics 3pl study examines the global outsourced marketplace and leading trends for shippers and 3pls in the logistics industry.

This report on thirdparty logistics providers 3pls analyzes brand recognition, request for proposal activity and expected profit margins based on two surveys. Oct 01, 2018 the intersection of supply chain technology, changing online consumer spending habits, data management, delivery preferences, and other factors are all serving as game changers in how 3pls are continually striving to better serve shippers. The 21st annual, 2017 thirdparty logistics study the results and findings of the 2017 21st annual thirdparty logistics study provide current perspectives on the nature of shipper and 3pl relationships, why they are generally successful and some of the ways in which they could be improved. The top three disruptions include increased transportation. The crux of these top logistics trends falls to the use of technology. Among respondents of the 2018 study, 73% of 3pl users and 92% of 3pl providers agree. That is a key takeaway from the 2019 22nd annual thirdparty logistics study, which was released today by infosys consulting, penn state university, penske. Third party logistics 3pl is a business dynamic of growing importance all over the world.

Conference paper pdf available september 2018 with 751 reads. Annual thirdparty logistics study last visited the topic in 20, and this years study shows shippers and 3pls are placing greater importance on mitigating supply chain disruption. Both parties view themselves as being successful, and shippers are seeing positive results again this year. This magic quadrant evaluates thirdparty logistics providers abilities to be global preferred providers. Formulation of comprehensive business model for future. However, 83% of 3pl providers agreed their customers increased their use of outsourced logistics services, compared to 88% last year.

The study of third party logistics reveals that relationship between manufacturing industries and third party provides focus on factors that directly affects on supply chain performance. Role of third party logistics in supply chain management. A 3pl is a link in the supply chain brands use to outsource part or all of a business distribution and fulfillment services. However, it is at a very nascent stage in india, though some domestic and multinational companies are trying to establish themselves in this sector.

In case you havent had a chance to read the 2018 thirdparty logistics study, here are some key takeaways from the results and findings of the 22nd annual report by dr. The 2018 thirdparty logistics study highlights potential. Whether its the rapid growth of ecommerce and omnichannel logistics, or emerging consumer markets around the world, shippers face a litany of challenges. The study is a collaboration between john langley, a professor at penn state university. In this article, the authors describe the results of a study on strategies of thirdparty logistics tpl providers. Open trade logistics helps shippers improve overall freight flow, increase ontime pickup and delivery percentages using tl and ltl capacity and increase supply chain management effectiveness. The outsourcing of logistics activities to thirdparty logistics service providers 3pl has become a common practice by many companies. Contents about the study current state of 3pl market special topics blockchain for supply chain automationdigitization in transportation riskresilience in shipper3pl relationships logistics talent revolution contemporary issues. Todays supply chains rely on all involved parties to gain access to vast amounts of data in near realtime or, increasingly, realtime, the study. This report on third party logistics providers 3pls analyzes brand recognition, request for proposal activity and expected profit margins based on two surveys. The 2018 state of the thirdparty logistics industry report arms your warehouse with insights and strategies you can use to tackle 2018s most lucrative opportunities head on, including.

And, while fresh food is recognized as an important part of a healthy diet, its shelf life is limited and can lead to unnecessary food waste. Worldwide third party logistics market analysis to 2025 is a specialized and indepth study of the third party logistics industry with a focus on the global market trend. Increased convergence on core competencies by outsourcing secondary. Resource and internal process management in third party. Dec 15, 2017 the 2018 third party logistics study was recently published. Third party logistics service market shaping from growth. Download the full recording of our 2018 state of the thirdparty logistics industry to hear our panel of industry leaders discuss the top trends that are affecting the 3pl industry and how to use them to rise above your competitors. Your thirdparty logistics provider 3pl fulfills them. The area of supply chain quality management third party. The purpose of this study is to discover contemporary tendencies of 3pl with regard to resources, performance and quality related issues, to determine resources, processes and quality indicators of 3pl, and to develop a system dynamics model for optimization of internal resources and processes of a company. Mar 06, 20 the success of the third party logistics industry is evident in the generally high marks given to 3pls by respondents to a survey as part of the 20 17th annual third party logistics study, which identifies trends and explores how both 3pls and shippers are using these relationships to improve and enhance their businesses and supply chains.