Bright Prospects for Warehouse & Logistics 3PLs

Presented at the IWLA (The Association for Logistics Outsourcing) 113th Convention, the “2004 Business Outlook, ” an annual survey, noted that one-third of membership is bullish on growth this year. Another third of the membership looks for between 5 and 10% growth in business. Last year, some 31% felt that business would decline.

Almost half (46%) of those surveyed indicated they’ll be adding warehousing space this year. Too a full half of respondents said they’d add staff this year.

IWLA members see most growth potential in food, beverage and grocery; paper and related products; retail/general merchandising; pharmaceuticals; computers/high tech; and automotive and transport equipment.

With long-haul carriers pulling back from short-haul because of Hours of Service restrictions, IWLA members feel there is real opportunity for them to pick up business as a result.

Services provided by 3PLs projected at growth of 20% and more are assembly, customization, inventory control/vendor management, labeling, lot control, packaging and pick/pack operations.

TAGS: Archive
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish