The 22nd Annual Third-Party Logistics (3PL) Study has been published, examining the emerging trends for 3PL logistics companies in 2018. This year, three trends were identified as the ideas that 3PL solutions providers, like us at RT Page, need to be considering as we move through the new year.
1) Blockchain technology
Blockchain is a shared ledger for recording the history of transactions, lauded for the opportunities it presents in innovation. “Blockchain has the potential to make significant improvements in security, transparency and governance, but only in supply chains where there is value in controlling consumer risk, valuable goods or complying with regulations,” said Ken Toombs, Global Head of Infosys Consulting. “Shippers and 3PLs will need to work together to drive value from blockchain, using lessons collectively learned from missteps with other emerging technologies like Radio Frequency Identification (RFID).”
2) Automation and Digitisation
The study looked at the way automation is currently used in warehouses, such as digitalised load matching and warehouse robotics. It also examined the barriers that are slowing 3PL providers down on implementing more automation when it can provide such a competitive advantage. The exciting future of driverless vehicles was also noted as having the potential to shake-up this area of 3PL even more.
3) Risk/Resilience in Shipper-3PL Relationships
Despite advancements, there remains an opportunity to improve the risk/ resilience relationship between 3PLs and shippers. Shippers are looking for better analytical capabilities to help them make better-informed supply chain decisions. They’re increasingly wanting 3PL logistics businesses to provide IT services.
For 3PL logistics, warehousing facilities, pick and pack services and warehouse storage, contact RT Page or call us on 01903 736300.
Three major trends for 3PL in 2018
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