TechNavio’s analysts forecast the Global Third Party Logistics (3PL) market to grow at a CAGR of 4.47 percent over the period 2012-2016. By using 3PL services, the cost incurred by the shipper reduces and this is a key factor that contributes to the market growth. The Global 3PL market has also been witnessing the use of cloud technology to help with the centralization of processes. However, product security and trust issues could pose a challenge to the growth of this market. TechNavio’s report, the Global 3PL Market 2012-2016, has been prepared based on an in-depth market analysis with inputs from …
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