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Third-Party Logistics Market is Projected to Gain Remarkable Traction By 2026

Globalization trends and rising trade activities across the globe are offering lucrative opportunities for third-party logistics market expansion. Various advanced software solutions, including cloud ERP and SCMs are being adopted by companies for logistics applications. These software solutions showcase beneficial features, such as warehouse management, online documentation for international freight, inventory tracking, and real-time data tracking. Growing adoption of these software to boost operational efficiency will change third-party logistics business scenario.

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Third-Party Logistics Market is Projected to Gain Remarkable Traction By 2026

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  1. Third-Party Logistics Market 2026: Growth Forecast & Industry Share Report

  2. KeyInsights Third-Party Logistics Market : • Globalization trends and rising trade activities across the globe are offering lucrative opportunities for third-party logistics market expansion. Various advanced software solutions, including cloud ERP and SCMs are being adopted by companies for logistics applications. These software solutions showcase beneficial features, such as warehouse management, online documentation for international freight, inventory tracking, and real-time data tracking. Growing adoption of these software to boost operational efficiency will change third-party logistics business scenario. • Shifting trends towards blockchain, IoT, and cloud computing are expected to create favorable conditions for industry expansion. Moreover, easy availability of enhanced digital technology solutions and low-cost services may foster third-party logistics market size over the coming years. Third-party logistics market size is touted to cross the USD 1.8 trillion mark by 2026.

  3. Continued… • In a bid to cater to the heavy product demand from consumers, various companies are outsourcing their logistics activities to third-party suppliers. Third-party logistics services aid e-commerce businesses to ensure timely deliveries and handle issues of warehousing, tracking, shipping, packaging, delivery and inventory. Additionally, one of the prime advantages of outsourcing logistics services from a third-party vendor is that it helps enterprises to focus on core business activities. • Third-party logistics service providers are continually transforming the supply chain management system across emerging markets. Retailers always aim at maximizing operational efficiency and improving profitability of their customers and these services enable retailers to add value, as well as enhance engagement with their customers.

  4. Latest Research Third-Party Logistics Market @ https://bit.ly/2tKS9zc Request for a Sample Copy of This Research Report @ https://bit.ly/39ssESB

  5. Major Companies Third-Party Logistics Market : • FedEx • UPS Supply Chain Solutions • DHL • DB Schenker • Nippon Express • C.H. Robinson • XPO Logistics

  6. Regional Third-Party Logistics Market : • Region-wise, Europe third-party logistics market is expected to witness major growth over the projected timeframe. Rapid internet penetration, improved economic conditions, and steady development of the manufacturing sector across the region are favoring industry growth. • For instance, in 2019, the United Kingdom became the 9th largest manufacturing nation in the world with an annual output revenue of around USD 192 billion. European free trade agreements with major countries across the globe are further contributing towards the industry expansion.

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