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3PLs Sees Growth This Year and Next
3PLs Sees Growth This Year and Next
3PLs Sees Growth This Year and Next
3PLs Sees Growth This Year and Next
3PLs Sees Growth This Year and Next

3PLs See Growth This Year and Next

Nov. 16, 2020
However, future expansion is tempered by warehouse capacity constraints.

A new report focused on the 3PL warehouse industry 3PL Central shows that 79% of 3PL warehouses experienced growth in 2020 and expressed continued optimism into 2021.

While the data from the report, The Third-Party Logistics Warehouse Benchmark Report, indicates tremendous growth opportunities driven by increased demand for eCommerce fulfillment, 3PL warehouses may face challenges from limited warehouse space and capacity, as well as the ability to find skilled workers.

Other highlights from the report include:

  • 79% of 3PL warehouses experienced growth in 2020 and expressed continued optimism into 2021.
  • 50% of respondents report running above recommended warehouse capacity, leaving limited room for expansion.
  • 47% of participating warehouses cited difficulty finding qualified workers, while also experiencing increasing labor costs (58%).
  • 87% of responding 3PL warehouses indicated using a warehouse management system (WMS) as the central hub of technology for their business.
  • 8% of 3PL warehouses use big data analytics and only 14% use predictive analytics, but 36% say they plan to expand reporting and analytics functionality in the coming year.

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