The drive for 3PL services stems from the need for cost-effective and effective choices for managing the growing complexity of warehouse operations and supply chain in the globalized world. This has led to the rapid evolution of the global 3PL market.

The report on the global 3PL market takes a closer look at the key growth dynamics and sheds light on emerging avenues in various end-use industries. The study offers insights that can help stakeholders to identify the segments likely to attract copious investments over the assessment period of 2016 – 2024. 

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Global 3PL Market: Trends and Opportunities

Burgeoning online in numerous developing regions across the globe is a key factor propelling the need for 3PL services among businesses. Rising demand by consumers for faster delivery in e-commerce is a notable trend bolstering the demand for 3PL. Decline in shipping rates in various parts of the world is one of the prominent factors driving the global 3PL market. Growing role of 3PL services in streamlining supply chain has also filliped the demand for 3PL services over the past several years.

Rapid strides made by e-commerce especially in developing countries has been offering constant impetus to the growth of the 3PL market. A growing number of small merchants in the sector may not have the necessary expertise in logistics and distribution. Hence 3PL services have gathered steam among them in recent years. Ceaseless advances in technologies pertaining to tracking technology have imparted a steady growth momentum for the global 3PL market. Substantial technological advancement made in radio frequency identification and global positioning system is a case in point. The advent of 3PL services that are tailored to the needs of various businesses has expanded the potential of the market. The adoption of these services scales integrated operations, transportation and freight services, and warehousing for client businesses. 

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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.