The 3PL market has had a remarkable run over the past 2 decades, growing annually at rates outpacing US GDP by 3X or more, nearly uninterrupted with the exception of the Great Recession. But, the market is maturing and growth is slowing on a percentage basis. Yet, the outsourcing trend continues. 3PLs continue to shift logistics costs from shippers in real dollar terms. The past decade has seen extreme economic upheaval, intense interest in 3PL among investors, and a number of remarkably large acquisitions. What does this mean for the future of the 3PL market, the nature of competition in the industry, and logistics management challenges for shippers and carriers? Our speakers,
Armstrong and Associates, Inc. (A&A) is the leading source of 3PL market research and strategic consulting. This program will feature Evan Armstrong, President, and Kurt Baumann, Vice President, who will talk about these market dynamics and trends based on their strategic consulting experiences and A&A’s research on 3PL Market Analysis and Commercial Warehousing. They will discuss strategic considerations for 3PLs and their customers, and explore factors that will continue to shape and change the 3PL market.