Third-party logistics (3PL) providers are evolving with agility, adaptability, and flexibility more than ever before to fulfill the growing logistics and transportation demands. Many retail and e-commerce organizations are incorporating advanced electronic data interchange and warehouse management systems to achieve visibility and operational effectiveness. This is driving significant growth in the 3PL services. According to a recent study, the Canadian 3PL market is expected to reach USD 1409.6 million in 2027, with a CAGR of 9.2 percent between 2019 and 2027.
The main factor contributing to this growth is the increase in trading due to globalization trends like changing market conditions and global economic movement. E-commerce companies are in need of quality logistics and transportation services to meet their delivery requirements. The rise of the significance of last-mile logistics is also accelerating market growth as retailers are focusing on building strong client relationships and providing efficient product delivery services. Manufacturers are now directly involving 3PL service providers in customer interactions and are building strategic partnerships, influencing the market.
This edition of Logistics and Transportation Review Canada brings to light the key developments in the logistics solutions space and how Canadian logistics organizations are leveraging the latest tech solutions to continually provide seamless logistics and transportation operations. It features a thought leadership article from Craig Jones, Senior Vice President, Global Distribution and Logistics, Under Armour who talks about the use of technological innovations like AI-enabled digital gadgets in the logistics space. It also features Fernando Penteado, VP, Global Supply Chain and Logistics, and Raquel Ruiz, Global Supply Chain Optimization Manager, Teka Group who speaks about meeting customer demands for quality service in last-mile logistics.
The edition also features a leading transportation service provider SBS Expedited Services Ltd, offering reliable and effective shipping solutions for LTL and FTL truckloads across the U.S. and Canada.
In this edition featuring the top 3PL service providers in Canada, we hope you find the appropriate company to enhance and optimize your logistics operations.
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