Report: 90% of domestic Fortune 500 companies use 3PLs
Global Fortune 500 3PL revenues, reaching $273.8 billion in 2016, are led by the technological and automotive industries, accounting for $77.2 billion and $52.5 billion, respectively.
Nearly 90% of domestic Fortune 500 companies use third-party logistics providers (3PLs) for logistics and supply chain functions, according to a new report by Armstrong & Associates, West Allis, Mich.
The study, “Trends in 3PL/Customer Relationships – 2017,” quantifies major trends in 3PL customer relationships. The report findings are based on analysis of more than 7,200 current 3PL customer relationships in 41 countries—representing nearly 20,000 services.