Trending five 3PL trends reshaping 2023
The 3PL industry will likely undergo some significant changes in 2023 as a result of the ongoing evolution of the logistics sector. This article discussed the top 5 trends predicted to impact logistics in 2023, ranging from diversified revenue streams to a thorough understanding of tech features like warehouse management systems.
Five 3PL Trends
1# Diversified Revenue Streams
In order to meet their customer’s needs for a single point of reference to outsourcing their logistics, 3PLs are attempting to develop new revenue streams and services. By enabling warehouses to make the most of their space with cross-docking services for fast-moving freight, transport operators to offer limited freight handling or full pick and pack for orders, and operators to provide additional data and reporting based on the data they are already collecting, integrated logistics systems and software are making this possible. To win new business and give existing clients more value, this trend is all about thinking outside the box.
2# Direct Software Integrations
For 3PLs looking to streamline operations and grow in 2023, the capacity to connect systems and securely share data seamlessly as part of daily operations will be a key focus. The ability to communicate more easily across workflows, between warehouse and transport operations, with partners and customer software, will give 3PLs a new level of operational accuracy and customer service.
3# Hands-Off Reporting
Along with efficient operations, 3PLs will consider how to automate manual tasks like rate calculations, invoicing, and orders to save time across all areas of their business. This trend is all about making more time available to complete orders or concentrate on other business-related tasks. This data can be automated throughout the system with a cloud-based software program like CartonCloud , making order processing, reporting, and invoicing simpler.
Expectations for tracking at all levels of the supply chain will rise as order tracking for food and home deliveries increases. More and more 3PLs will implement trackability so they can see where an order or shipment is at any point in the supply chain and share that information with partners and customers for their own planning and reporting requirements through direct software integrations.
5# Deep Understanding of Tech Features
As digitization continues to penetrate more facets of the logistics and supply chain sector, 3PL providers will seek a deeper understanding of the capabilities of their technology. They will expect their WMS/TMS software provider to handle various aspects of their business, simplify and streamline data collection and reporting, and generally make their lives easier. Logistics companies will cover a variety of areas and features of their systems to boost productivity, accuracy, and output – and to free up more of their own time from manual tasks – by learning the system, asking questions, and using all the features available.
These trends are all about giving customers value, streamlining processes, and making time. The logistics sector will develop along with technology, opening up new opportunities for 3PLs to grow and prosper in 2023 and beyond. If you look forward to knowing more about 3PLs and their upcoming features, let us know in the comment box.