For 3PLs, New Market Trends = New Opportunities

Want More?

Download the PDF

Want to stay up to date on the trends and issues impacting your supply chain?

I understand that Tompkins will only use this information to contact me about business opportunities. By completing this form I am confirming that I have read and accept the Privacy Policy.

This field is for validation purposes and should be left unchanged.

Contact Us

We would love to hear from you.
Call Us: 561-994-0012

Want to stay up to date on the trends and issues impacting your supply chain?

I understand that Tompkins will only use this information to contact me about business opportunities. By completing this form I am confirming that I have read and accept the Privacy Policy.

Published October 10, 2014

Share on:

By Tompkins International Staff

Big opportunities lie ahead for today’s third-party logistics providers (3PLs).

These new opportunities (and challenges, too) are a result of evolving market trends such as omnichannel and personalization. In turn, these market trends drive today’s supply chain trends (think: cloud computing or speed of delivery).

All of these trends are affecting how 3PLs and shippers work and function. There is a sharper focus for 3PLs and shippers to be able to deliver via omnichannel, inventory flexibility and agility, faster delivery time, and customer-centric services.

The current rising trends mean new opportunities, and it’s time for 3PLs to make some critical changes. According to new research by Tompkins Supply Chain Consortium, 64% of 3PLs surveyed say reinvention is occurring in the industry.

In addition, today’s top three challenges for 3PLs are: 1) competitive rate pressure, 2) profitability, and 3) the need for information sharing between 3PLs and customers.

Find out more about changes in the 3PL industry by downloading Tompkins Supply Chain Consortium’s latest report, “Reinventing the 3PL Model: Trends, Challenges, and Opportunities.”

What do you see as the biggest challenge(s) for 3PLs? What new capabilities and services do you think should be considered for the future?

More Resources:

Photo credit – www.graphicstock.com

Newsletter Signup

Subscribe

Sign up for our latest Insights and News.
Join over 50,000 others, it’s completely free!

I understand that Tompkins will only use this information to contact me about business opportunities. By completing this form I am confirming that I have read and accept the Privacy Policy.