Armstrong & Associates’ report highlights trends in outsourced 3PL relationships
Armstrong & Associates has been tracking and analyzing 3PL/Customer relationships for over a decade with ever-increasing detail.
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FTR’s Trucking Conditions Index falls to lowest level since last September Cass Freight Index points to annual shipments and expenditures declines U.S.-bound import growth remains intact in April, reports Descartes Looking at a reshoring history lesson ISM May Semiannual Report points to growth in 2024, at a reduced rate More 3PL“Increasingly Strategic: Trends in 3PL/Customer Relationships,” is an expanded update of Armstrong & Associates’ best-selling report.
From its analysis of over 7,700 current 3PL customer relationships in 44 countries, totaling nearly 21,000 services, the report identifies and details key trends in outsourced third-party logistics provider (3PL) customer relationships.
Armstrong & Associates has been tracking and analyzing 3PL/Customer relationships for over a decade with ever-increasing detail.
Evan Armstrong, president of the consultancy, told LM in an interview that 2020 will remain a year of “strategic crisis” for logistics managers aiming for a sustainable business plan with third parties.
Market sizing for both Global and Domestic Fortune customer 3PL revenues is included in the report. Global Fortune 500 customer 3PL revenues reached $371.3 billion in 2019, led by the Technological and Automotive industries, accounting for $102.3 billion and $79.6 billion, respectively. Fortune 1,000 3PL revenues of $166.8 billion comprise nearly 80% of the total domestic U.S. 3PL market.
3PL revenue growth trends for nine major customer industry subsegments are provided. In 2019, the 3PL revenues from the Retailing and Technological industries dominated, representing $40.1 billion and $38.2 billion. 3PL revenues by customer industry for both Domestic and Global Fortune companies from 2010 through 2020E are included.
The report also details the type and number of 3PL services customers tend to use. 3PL customers use an average of 2.71 services per 3PL relationship—often a combination of Transportation Management, Warehouse Management, and/or Value-Added Services. Further analysis details the most important 3PL services demanded by each of the nine industry segments.
3PL service and industry trends for three major regions (North America, Asia-Pacific, and EMEA) are examined as well as a deep-dive into 3PL relationships for six countries: China, France, Germany, Hong Kong, Japan, and Mexico.
Detailed information is also provided on leading 3PLs serving customers in the Automotive, Retailing, Technological, and Food & Groceries industries.
The complete report is available from Armstrong & Associates at https://www.3plogistics.com/product/trends-in-3pl-customer-relationships-2020/
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