The third-party logistics industry, also known as 3PL, has changed dramatically in the last ten years, and it’s guaranteed that it will continue to evolve. After all, developments in ‘smart’ working practices and mobile technologies are forecast to increase the market by as much as 15% in 2020.
As a result, and since 3PL also impacts cost-cutting and efficiency, demand for automation is set to boom. With that in mind, here are the top 3PL trends in 2020 to watch.
#1: Greater Collaboration
Big data means that collaboration between 3PL companies and supply chain partners will become more seamless. Electronic data exchange allows for better flexibility and independence. This means even a small third-party logistics business will have a system where suppliers can check inventory levels so that they can top-up their supply and fill in the gaps.
#2: More Mobile Apps
Applications provide customers with more info, which is excellent for 3PL companies that want to exploit globalization patterns. Using mobile devices throughout warehouses means processed items come with data, allowing customers to complete and process orders at any time, as well as tracing them too.
#3: Invest In Smart Tech
From voice prompts to TMS software and WMS for communication, 3PL providers will invest in AI across the board. With a voice command or a click of a button, workers will be able to spot inefficiencies and check stock, saving time and money for a higher ROI.
#4: Big Data Harnessing And Sharing
Thanks to the use of cloud computing, 3PL businesses can collect essential info for clients and customers. For example, big data shows patterns and trends that are imperative if companies want to be more efficient.
#5: 3PL Will Get Better
Logistics in a world that focuses on globalization is tough. However, experts will become more prominent as they seek to figure out the best ways to deal with a complicated supply chain that includes varying costs and increased processes.
Want to bring the most advanced 3PL insights and technology into your business? Contact Global Warehouse Solutions today.