3PL Industry Trends For 2019

3PL or third part logistic industry trends are on the rise. In the year 2019 alone, drastic changes can be expected primarily because of the strong influence of 3PL. Since the involvement of 3PL influences, the profitability market cap of the logistical industry has set a new record. Some innovative trends can be expected that would radically change the way people tend to work and adapt to different logistical operations. To get a better idea about what these trends might be, we have enlisted the top 5 trends that you could find from these 3PL industries. 

3PL industry trends for 2019

Over the last few decades, we have seen the transition of traditional freight forwarders to online/digital freight forwarders. Let's take a look at what trends could have resulted in this transition, and what trends could be expected from the 3PL industry. 

•    The co-relation between shippers and 3PL sectors
The 3PL industry heavily depends upon data to carry out its daily tasks. Technology and its proper implementation help the 3PL industries maintain synchronization in the freight forwarding world. Because of such flexible options, it is guaranteed that logistics ought to reach new heights in terms of speed, efficiency, and precision.

•    Integration of mobile apps
With more mobile phones than human beings in the world, the usage of mobile phones for tracking and invoice generation is a feature that is going to change the freight forwarding industry. With GPS and RFID-enabled devices readily available in the market, worrying about the arrival of the shipment is a thing of the past. Besides, the amount of paperwork that one might have to carry out reduces significantly.

•    Dedicated software and technology
Several 3PL industries are directing their resources towards software management for the better functioning of their freight forwarding industry, mostly because of its ease of use, and for security reasons. In addition, with speech recognition software being embedded into the already existing software, having the ability to talk with them is a new feature on its own that improves efficiency and productivity. 

•    Usage of big data
The usage of big data is a new method in the realm of data management where 3PL companies allow customers to track their shipment in real-time, without any delay. However, this would only be possible if the customer is willing to share their information with the company to get their package safely and quickly.

•    Supply chain management
Creating a global supply chain management system is the end goal of all 3PL industries. It plays a critical role in enabling globalization and working on a larger scale. Besides, maintaining this chain is crucial for sustainable management of links in the freight forwarding business, and also adapting constantly to the economic changes globally.

Thus, with such exciting trends to be experienced this year, it is a year that could radically transform the way that freight forwarders tend to operate, and also help the industry flourish. 

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