3PL Services Procurement Intelligence, Pricing and Cost Structure Intelligence Report
Third-Party Logistics (3PL) Services Procurement Intelligence Robust procurement of 3PL services has created new opportunities for e-commerce companies to solve logistics challenges and boost the supply chain. The global market size stood at USD 1,145.11 billion in 2023. Currently, North America account for 35% of the market share, followed by Europe and APAC. The APAC market is projected to grow fastest during the forecast period. The increase in online shopping, along with the increasing demand for next-day delivery, has forced logistics service providers to switch to automated systems and robots in warehouses across the world. Logistics service providers are constantly upgrading their technology to meet the rising consumer demand and improve efficiency & productivity. To minimize errors and optimize warehouse space, many companies have started using Automated Guided Vehicles (AGVs) and cobots alongside humans to perform tasks such as packing, sorting, loading, and unloadin...