2013 Annual Review & Outlook - Logistics
The cautious optimism third-party logistics providers have held since the 2008-09 recession is gradually becoming less cautious. Although the U.S. and European economies are struggling to find their footing, 3PLs are finding growth opportunities in new markets, especially the emerging markets of Asia, Europe, Africa, Latin America and the Middle East. To keep up, 3PLs are investing heavily in supply chain technologies while cutting costs by turning to evolving solutions in the cloud. And, even as some international and domestic markets struggle, 3PLs have thrived as cost-conscious shippers and transportation providers look to cut costs through outsourcing. That has boosted profits, making 3PLs attractive takeover targets. The result is a merger-and-acquisition market that has been more active than the industry has seen in years.
News & Analysis
More so than at any time in the past decade, forces ranging from macroeconomic trends to technology innovations are demanding transportation procurement practitioners to be part subject matter expert, part diplomat and part visionary to accomplish value creation.