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3PL providers face rising costs, tech investments, and shifting shipper priorities. Here are some key trends and insights from the 2024 Inbound Logistics report.
The 2024 Inbound Logistics 3PL Perspectives report is out, and it’s clear: third-party logistics (3PL) providers are navigating through dark times. Revenues are down, and demand growth has slowed, all while inflation, high taxes, and government regulations drive up costs. Here are some of the keys points from the report.
3PLs continue to be essential partners, offering services from motor freight to sophisticated logistics planning. Despite a tougher market, they are adapting with a sharper focus on tech, efficiency, and sustainability. Though times are hard at the moment, everyone is doing what they can to bring in the light. Things are bound to change in due time, hopefully for the better.
Take a look at the full report below.
Source: Inbound Logistics
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