Everything interesting, new and useful about the logistics and 3PL Industry

Posts tagged “Trends

Mobile and Beyond – The Future of 3PL

The Future of 3PLBecause third party logistics providers play such an important role in the daily operations of many different types of businesses, it makes sense, to a certain extent, to always be looking toward the future to try to figure out what big advancements are on the horizon.

If you look back as recently as 10 years, the landscape of 3PL providers across the country has changed in a number of dramatic and integral ways. Popular thinking from experts, like 3PLStudy.com, has indicated that as 3PL providers continue to grow and evolve in the future, they will only ingrain themselves further into the day-to-day operations of businesses everywhere.

One of the major ways that third party logistics is expected to change in the future has to do with an increased emphasis on mobile applications of all types. Those in the industry are already seeing the beginning of this type of change. Work that was done on a desktop or, at best, on a laptop computer is now also available on a smartphone, tablet or some other type of portable device.

Current trends expect this emphasis on the mobile landscape to increase dramatically moving forward. The prominence of this trend was confirmed in the 2014 Third Party Logistics Study conducted by 3PLStudy.com. More specifically, the study indicated that paper records of all types and nearly every other function currently expected from a third party logistics provider will be available on mobile devices in the next 10 years for businesses to use while on the go.

Another important change in third party logistics has to do with an equally massive change in the economy and in business in general. Analysts, such as at Deloitte, are predicting a dramatic globalization of the economy to take place by 2020. As businesses continue to grow, they need to operate not just on a national scale but on the global landscape to thrive and continue to stay profitable. As technology continues to advance and connect businesses together in new and interesting ways, the world gets smaller as a result. Supply chains will only get more intricate and complex as costs begin to vary wildly based on the scope of a business. As a result, third party logistics providers will need to meet all of these demands in order to not only stay functional within this globalized business environment but to stay relevant at the same time.

Another key change that will take place in the future of third party logistics is an increased level of collaboration between 3PL providers and the shippers that they’re doing business with on a regular basis. Technology is already paving the way for this type of relationship to take place in the present day, so the natural evolution of that relationship is to take things to the next level. Thanks to online Web portals and mobile applications that allow for more intricately managed inventory by vendors, vendors will be able to monitor the inventory of a supplier themselves and make resupply decisions based on demand and current trends. This type of information sharing and others will become more and more critical as third party logistics providers will need to be as flexible as possible to help maintain the speed and integrity of the services that they’re offering to businesses on a daily basis.

We are living in a rapidly evolving and exciting time. The key is preparing yourself, so you can properly adapt to whatever comes your way. Remember to always be looking towards the future to stay ahead of the game.

Share Button