Orbis Research's study found that the challenges of managing geographically dispersed supply chain operations as a result of increased globalization has led to several companies to outsource their logistics function. Difficulties with addressing logistical challenges has also led to increased outsourcing by wholesalers and retailers, thereby boosting the 3PL industry.
It found that emerging trends such as Big Data and availability of bespoke 3PL services are expected to drive the market over the forecast period.
One fast growing segment of the trucking and distribution industry is expected to be Dedicated Contract Carriage (DCC), which refers to vehicles, drivers, and other resources exclusively devoted to serving part of a transportation network.
Several prominent retailers such as Wal-Mart, Target and Kroger are increasingly relying on this kind of service in order to increase truck capacity and reduce costs.
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