Logistics Middle East

Third-party logistics market forecast: Global Market Insights

Nine per cent growth forecast from 2020 to 2026, e-commerce is a key driver


The Third-Party Logistics Market is set to grow from its current market value of more than US$1 trillion to over US$1.8 trillion by 2026; as reported in the latest study by Global Market Insights, Inc. Rapid globalisat­ion, increasing consumeris­m and expanding e-commerce sector are some of the key factors driving third-party logistics market outlook.

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.

Several logistics firms have stepped in the market to offer solutions & services, primarily to the e-commerce industry. For instance, Orio Logistics is offering third-party logistics services for the e-commerce industry, ensuring flexible, fast distributi­on, as well as efficient returns management.

 ??  ?? The 3PL market is set to almost double.
The 3PL market is set to almost double.

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