Over the past several years, the logistics industry has been propelled into the digital age by a powerful combination of consumer expectations, government regulations and technological innovations. Some companies have been eager to adopt these tools, while others remain skeptical about the benefits, effort — and risks — associated with new technologies. Despite the myriad… Continue reading How shipping document automation drives profitability
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Warehouse Rents Slipping on Declining Demand
Taylor Wood says bargaining with warehouse owners for storage space is far different than during the pandemic, when demand for industrial space was red hot. “I’ve never seen a market like that, where we were basically scratching and clawing for every building,” said Wood, a broker at real estate services firm Savills. “There were five… Continue reading Warehouse Rents Slipping on Declining Demand
Third-Party Logistics (3PL) Market Poised for Growth, Expected to Surpass USD 1.59 trillion by 2028
The “3PL Market Size & Share Analysis – Growth Trends & Forecasts (2023 – 2028)” report has been added to ResearchAndMarkets.com’s offering. The Third-Party Logistics (3PL) Market, a critical component of global supply chain management, is experiencing a significant ascension with the market size estimated at USD 1.22 trillion in 2023, on track to reach… Continue reading Third-Party Logistics (3PL) Market Poised for Growth, Expected to Surpass USD 1.59 trillion by 2028