3PL Market Expected to Grow at a CAGR of 4.5 Percent by 2020, Says Beroe Inc

https://www.beroeinc.com/category-intelligence/3pl-services-market https://www.beroeinc.com/category-intelligence/3pl-services-market Beroe, which is based inNorth Carolina, further stated that procurement experts can access this report on its recently launched market intelligence platform Beroe LiVE:live.beroeinc.com The cost structure of 3PL services showcases that value-added service is the major cost component in the consolidation services with most activities being labor...

https://www.beroeinc.com/category-intelligence/3pl-services-market

Beroe, which is based in North Carolina, further stated that procurement experts can access this report on its recently launched market intelligence platform Beroe LiVE: live.beroeinc.com

The cost structure of 3PL services showcases that value-added service is the major cost component in the consolidation services with most activities being labor intensive. In the U.S., labor overtime rate is approximately 1.5 times higher than the normal rates, and in China, the overtime rate is approximately 1.1 times higher than the normal rates.

Global 3PL service providers offer one-stop-solution for customs brokerage, and customs-related solutions can be outsourced to a single player at a global level, instead of hiring a number of brokers at a local/national level. Outsourcing would ultimately accelerate the coordination; thereby resulting in faster customs clearance.  

Key Findings:

The research methodology adopted for the report included:

The reverse logistics overview of 3PL services globally analyzes that holiday season contributes to the highest profit rates with the total cost of $63 billion being generated only in the U.S. The reason for this growth is the e-commerce industry's returns policies, which are the major drivers for product returns, wherein the customers are given free return/exchange options for the product purchased.

The report also includes:

Market Analysis:

Sourcing Best Practices:

Service Provider Analysis

About Beroe Inc.:

Beroe's unique business model involves providing market intelligence and analytics to the procurement teams of businesses across the globe. Beroe leverages its deep domain expertise in 300 + categories across 14 industries. It boasts of more than 80 of the Fortune 500 companies as its clients.

To learn more about Beroe Inc, please visit http://www.beroeinc.com

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