April - 20216 logisticstechoutlook.comLinda James Managing Editoreditor@logisticstechoutlook.comIn today's fast-paced world, customers expect next-day or same-day shipping as standard. To meet these expectations, it's critical to have a responsive supply chain model. Through innovative strategies and methods, third-party logistics (3PL) solution providers help companies successfully deliver products on time and maintain a cost-effective supply chain for business growth. Leveraging its vast distribution network, 3PL companies can ensure fast shipping no matter where the order is being sent. Besides, in case of shipping delays or other unforeseen circumstances, they can prepare alternate arrangements for order fulfilment, eliminating supply chain headaches. Whether it's transportation, warehousing, or order fulfilment, 3PL companies provide any number of services in the supply chain and enable their clients to focus on other business aspects, resulting in higher productivity. The third-party logistics market in Europe is growing. According to Industry Research, a global platform for market research and reports, the European 3PL market is poised to grow by $42.04 bn during 2020-2024, developing at a CAGR of 4 per cent during the period. This market growth is predominantly driven by cost reduction associated with utilizing 3PL services. The expertise of 3PL solution providers acquired by working with carriers on behalf of multiple clients helps them negotiate pricing based on volume and order frequency, reducing freight costs. They also empower clients to effectively manage peaks and troughs throughout the year without committing to capital. Apart from this, the growing complexity of in-house logistics operations is expected to boost the growth of the European 3PL market. In this edition of Logistics Tech Outlook, we bring you the story of some of the most successful 3PL solution providers in Europe that deliver the best outcomes for their clients. This edition also offers thought leadership from subject matter experts with real-life stories on fostering robust partnerships and exclusive insights from CIOs and CXOs. We hope this edition will provide you with the right assistance in choosing the right 3PL solutions that best fit your requirements. Let us know your thoughts!Editorial3PL: An Answer to Operational Logistics Challenges APRIL - 09, 2021, volume 07 - Issue 08 ( ISSN 2644-2515 ) Published by ValleyMedia, Inc. To subscribe to Logistics Tech OutlookVisit www.logisticstechoutlook.com Managing EditorLinda JamesEditorial StaffAaron PierceAva Garcia Jade Ray Joshua ParkerSarah FernandesSmith RobertVisualizerDavid ParkerAngela Parkersales@logisticstechoutlook.comeditor@logisticstechoutlook.commarketing@logisticstechoutlook.comEmail:SalesAnnie Mathewsannie@logisticstechoutlook.comContact UsPhone:510.996.5173,Fax:510-894-8405*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffCopyright © 2021 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.
< Page 5 | Page 7 >