The third-party logistics (3PL) landscape has undergone a paradigm shift over the past decade. In an ambitious bid to decrease operational issues while maintaining high-quality services round the clock, providers are assisting businesses in adopting advanced and efficient 3PL measures and achieving global recognition. More so, the number of industry big shots partnering with 3PL service providers in order to enhance global supply chain services is also on a rise.
As 3PL service providers lean on emerging technologies to help clients connect and partner with customers, electronic data exchange is critical for superior data performance and integrity, as well as the flexibility and speed of the company infrastructure in adopting sudden and slow changes in business operations. Supply chain vendors will now be capable of monitoring the buyers’ inventories via the vendor managed inventory platform and making decisions in terms of periodic resupply of items. Even small to mid-sized 3PL providers can access these inventories via web-based portals and enable the new-age buyer to replenish their resources.
While majority of organizations are slowly moving ahead of paper-based records of purchase and shipping invoices, 2020 will be the year for greater emphasis on agility through mobile technology. With radio-frequency identification (RFID) devices that are capable of store shipping and delivery information, 3PL organizations will now experience easy transportation by means of simplified tracking and identification of the right products.
The 3PL space is slowly taking a future-ready approach in the area of smart logistics. Our goal with this edition is to bring together a list of top 3PL technology consulting companies that have consistently proven their mettle in the field of the modern supply chain landscape.
We present to you Logistics Tech Outlook’s “Top 10 3PL Technology Solution Providers - 2020.”