Dovetailed with supply chain processes, third-party logistics (3PL) operations play a vital role in catering to an organization’s logistics needs by effectively managing a range of business functions like warehousing and transportation. The 3PL sector has witnessed tremendous growth over the years with enterprises expanding their footprints to reach users worldwide. According to Global Market Insights, a market research agency, 3PL is estimated to become a $1,100 billion market by 2024, with a compound annual growth rate of 4.6 percent. Given the market dynamics, companies strive for efficiency in all aspects concerning logistics operations by keeping pace with industry trends and leveraging the latest technologies.

With automation being the buzzword in the 3PL sector today, technology vendors are offering integrated software solutions—both cloud-based and on-premise—to manage warehousing and transportation operations. Technologies like RFID help improve shipment visibility and provide real-time shipment tracking capabilities. Coupled with state-of-the-art telemetry systems and route optimization capabilities that ensure not only driver safety but also quick and secure delivery of goods, critical supply chain functions that were once challenging can now be carried out effortlessly. Furthermore, to better cater to certain niche markets such as food processing, 3PL companies are offering customized solutions for environments like cold storage facilities. The dynamism surrounding the 3PL sector has garnered the interest of enterprise CIOs determined to bring more value to customers.

To simplify the task of finding best-in-class 3PL solution providers, a distinguished panel comprising CIOs, CEOs, CTOs, analysts and the Logistics Tech Outlook editorial board has analyzed hundreds of companies and selected the ones spearheading innovation. The featured firms demonstrate an outstanding ability to innovate and deliver specialized solutions that suit a client’s requirements.

In this edition of Logistics Tech Outlook, we present to you Top 10 3PL Technology Solution Providers 2017.