Third-party Logistics Market Is Expected To Reach USD 1,691.86 Billion By 2028
San Francisco, 22 June 2021: The Report Third-party Logistics Market Size, Share & Trends Analysis Report By Service (ITM, DTM, VALs), By Transport (Roadways, Airways), By End Use (Manufacturing, Retail), And Segment Forecasts, 2021 - 2028 The global third-party logistics market size is expected to reach USD 1,691.86 billion by 2028, registering a CAGR of 8.5% from 2021 to 2028, according to a new report by Grand View Research, Inc. The advent of new technologies is changing the 3PL industry dynamics. The advanced data collection capabilities, warehouse automation, and digitalization of the entire supply chain are enabling companies to adopt a consistent innovative, customer-centric, and agile approach. As a result, 3PL companies are providing technologically driven services by investing in block-chain solutions, mobile technologies, and 3PL software to gain a competitive advantage in a fiercely competitive marketplace. The Internet of Things (IoT) and cloud-based logistics m