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Emerging Trends In The 3PL Third Party Logistics Industry

The marketplace for third-party logistics is arguably the largest market in the world. Any physical good that comes into or goes out of the United States requires extensive logistics planning and management and must be cleared by U. Customs. Because of the complexities of these processes, most businesses choose to hire a 3PL provider to manage the transportation, clearance, warehousing, and distribution of their shipments. Market Statistics In 2006, imports to the United States exceeded $2.

2 trillion (a 10.5% increase over 2005) and exports exceeded $1.4 trillion (an increase of 12.8%). Each of these goods required a number of shipping and warehousing services and must receive US Customs clearance… this is where Go Global takes over.

In 2006, the total revenue for the 3PL industry was $110.6 billion, representing a total industry growth rate of 11. Datamonitor projects that by 2010, the total 3PL market will exceed $140 billion. Global trade management is also part of the focus at Go Global Logistics. In 2005, the global trade management segment expanded to $222 million, and is expected to swell to $405 million by 2010, a cumulative annual growth rate of 12. The Go Global Marketplace is cornering this portion of the market, encouraging small and mid-sized businesses to participate in global trade, under the consultation of Go Global. By using the marketplace to manage our customer’s transactions, Go Global is able to provide FREE transaction management, shipment tracking, trade negotiations, and our “bidding war” reverse auction function, adding value for our clients and strengthening our comparative advantage over the competition. Many companies entered international markets precipitously and are only now beginning to address the lack of visibility across their supply chains.

Only the largest 3PL (third party logistics) providers offer the newest technologies like online tracking, and 90% of enterprises report that their global supply chain technology is inadequate to provide the timely information necessary for budget and cash-flow planning as well as effective management. Go Global Logistics offers every tool your company needs to have an efficient and transparent supply chain to make your importing and exporting as easy and error free as possible. One of the most counterintuitive aspects of the freight forwarding and third party logistics industry is the lack of a central location for international trade information and services. The industry is extremely • Us Census. “Annual Trade Highlights.”http://www.census.gov. January 2007. • Hoffman, William.

“3PLs Reach Record Revenue.” Traffic World. 23 Apr. 2007. • Datamonitor. “Global Air Freight & Logistics.” http://www.datamonitor.com. Apr.

2007. • Sowinski, Laura. “What Supply Chain Execs are Buying, Where They’re Skimping.” World Trade. Sep. 2006. fragmented and operates behind the scenes. For this reason, many businesses with a desire to enter international markets have no idea where to begin. Furthermore, those companies that do provide complete 3PL services are very large and have been focusing on maintaining a small number of larger accounts.


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