In January 2020, research data and reports by several organisations across the globe predicted a year of significant growth for the logistics industry. Within few months, the world changed, and businesses experienced unprecedented challenges that left them to cope with the global pandemic. The impact to the supply chain affected businesses in different ways. While numerous ecommerce vendors were able to thrive despite uncertain conditions, others were sent to the verge of shut down. These companies, either trying to increase profit margins or regain economic dip, now prefer to outsource warehousing and logistics operations. As a result, the third-party logistics (3PL) market continues to develop amidst the evolving landscape. In conjunction with global trends, the European 3PL market is also growing, demonstrating a positive shift for this year.
As ecommerce and omnichannel fulfilment directly impact 2021, 3PL solution providers must have the right technology to meet client demands and ensure a seamless end customer experience. 3PL companies are thus expected to utilise modern technologies to their operations, empowering clients to regain and retain profits. The industry will also see various forms of technology integration into supply chain processes, such as data sharing. This helps in better transparency, end-to-end visibility, and accountability in the entire supply chain. In addition, the increasing adoption of blockchain is anticipated to boost the European 3PL market.
Another prominent trend expected in 2021 is the increased utilisation of data. For instance, in the case of shipping, 3PLs are increasingly geared towards generating analytical insights across their operations for providing clear strategies and data-driven decisions to shippers. Similarly, in warehouse management, 3PLs already use dashboards for real-time visualisation, thereby analysing data and building predictive business models for growth. Apart from data, 3PL solution providers are also prioritising cybersecurity and have data protection plans.
In light of these significant technological advancements today, Logistics Tech Outlook has compiled a list of top 10 3PL solution providers in Europe 2021 to guide enterprise leaderships in harnessing the power of technology to embrace innovation and enhance productivity.
With exceptional technological acumen and numerous success stories up their sleeves, many of these companies have consistently proven their expertise in the robust 3PL solution landscape worldwide. We hope this issue of Logistics Tech Outlook helps you build the partnership you and your firm need to adopt efficient 3PL solutions to enhance end customer experience and ensure an efficient supply chain, thereby increasing business productivity.
We present to you Logistics Tech Outlook’s, "Top 10 3PL Solution Providers in Europe — 2021."