Market Research Report
3PL Market in Europe 2018-2022
|Published by||TechNavio (Infiniti Research Ltd.)||Product code||332611|
|Published||Content info||128 Pages
Delivery time: 1-2 business days
|3PL Market in Europe 2018-2022|
|Published: December 11, 2018||Content info: 128 Pages||
Balancing inventory with demand is a complication associated with the management of supply chain networks for companies. Hence, they require the services offered by the vendors, which have expertise in 3PL. Several companies are expanding their geographical presence, product portfolio and production capabilities. Therefore, they have several logistics such as the procurement of raw materials the transportation and warehousing of finished goods. Therefore, they are adoption 3PL services offered by the vendors. The 3PL market in Europe will grow at a CAGR of almost 3% during the forecast period.
In the omnichannel model, multiple channels and their respective resources are designed to operate in a coherent cross channel model. Vendors that offer 3PL services can provide such agility to companies. They offer last- minute delivery and product return and replacement. Such services increase the degree of customer satisfaction and loyalty. Therefore, retailers especially, the consumer goods industry are adopting 3PL services.
The increasing technologies such as blockchain and cloud computing in SCM systems have increased the OPEX of the vendors. The vendors also require a large fleet of CVs, containers at ports and many others. Hence the OPEX and intense competition are challenges for the growth of the 3PL market in Europe during our forecast period.
For the detailed list of factors that will drive and challenge the growth of the 3PL market in Europe during the 2018-2022, view our report.
The 3PL market in Europe is forecasted to grow highly fragmented due to presence of numerous vendors in the market. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.