Third-Party Logistics Market: Key Players - Total Quality Logistics, Schneider, NIPPON EXPRESS GROUP, GEODIS, Expeditors, Echo Global Logistics, DHL Supply Chain, DB Schenker, C.H. Robinson, Burris Logistics, BDP International, Americold Logistics, LLC.
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Third-party logistics service providers are significantly pushing the transformation of supply chain management system, which has attracted the attention of the retail industry. Retailers are utilizing 3PL services to increase value, improve customer engagement, and most importantly, to expand their geographical reach. Incorporation of the latest technologies within logistics services, help 3PL service providers to deliver data-driven solutions, which are becoming pivotal for retail business expansion.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Americold Logistics, LLC.
2. BDP International
3. Burris Logistics
4. C.H. Robinson
5. CEVA Logistics
6. DB Schenker
7. DHL Supply Chain
8. UTi Worldwide (DSV A/S)
9. EXPEDITORS INTERNATIONAL OF WASHINGTON INC
12. J.B. Hunt Transport, Inc.
13. Kintetsu World Express
14. Kuehne + Nagel
16. Nippon Express
18. Ryder Supply Chain Solutions
20. SINOTRANS (HK) LOGISTICS LIMITED
21. Total Quality Logistics
24. UPS Supply Chain Solutions
25. XPO Logistics, Inc.
Escalating demand for low-cost services among e-commerce companies is likely to play as one of the major factors pushing third-party logistics market growth. The 3PL industry is observing a notable surge in the adoption of third-party logistics services by e-commerce concerns to manage warehousing, shipping, inventory, packaging, tracking, and timely delivery. In addition, the advent of sophisticated technologies, such as blockchain, IoT, and cloud computing have helped to significantly improve operations of 3PL providers. Easy availability of advanced digital technology solutions and growing demand for reverse logistics will also stimulate third-party logistics market outlook.
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Third-party logistics market players are extensively focusing on delivering advanced value-added services and offering better services to secure customer loyalty. These service providers are offering cost-effective services and technically advanced solutions to expand their customer base globally. For example, in December 2019, J.B. Hunt Transport Services, Inc., integrated JB hunt 360 with the supply chain management platform of JDA Software Inc. to offer value-added services to its consumers, such as higher pricing visibility.
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