Third-party logistics (or 3PL) providers, are standing on the brink of breakout growth given the digital opportunity. The shipper ecosystem is burgeoning with more delivery orders, more inventory to be managed, more deliveries and more services than ever before.
The global 3PL market, valued at $728.6B USD back in 2018, is expected to reach $1.5 BILLION by 2025. While 3PL providers want to adapt to this new market opportunity, their existing logistics operations often have a hard time keeping pace with these growing demands.
In this increasingly challenging environment, technology has become an integral part of expanding and maintaining competitive logistics services.
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