Technology Industry
Industry: Email Alert RSS FeedOutsourced logistics providers optimistic
Frontline Solutions, June, 2004
A recent survey by the International Warehouse Logistics Association (IWLA) shows that most third-party logistics providers (3PLs) expect business to grow this year.
According to the IWLA, approximately 8% of the FORTUNE 500 currently outsource supply chain functions to logistics companies, twice the percentage of 10 years ago.
The study found that more than one-third of IWLA members polled this spring expect double-digit revenue gains this year. Another 35% expect increases of between 5% and 1%.
Technology spending among 3PLs will also increase. Of those planning technology purchases, 24% expect those costs to increase greatly. Another 57% expect moderate increases.
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