Technavio reveals cost-saving opportunities for 3PL providers
The adoption of cost optimization levers can help buyers of 3PL services realize cost savings and achieve category management and value benefits.
The global 3PL services market is expected to grow at a CAGR of more than 5% over the next five years due to the difficulties in handling the vast geographic presence of supply chain operations driven by globalization, according to a procurement intelligence report from Technavio, London.
The report, “Global 3PL Services: Procurement Intelligence Report 2017-2021,” provides an in-depth analysis of category spend, best procurement practices and cost-saving opportunities aimed at helping organizations achieve superior business performance. The report also provides insights on pricing, supplier positioning and top companies, enabling sourcing professionals to improve their competitive advantage through procurement excellence.