Third Party Logistics (3PL) Market Production, Revenue ... - Digital Journal

The global third-party logistics market is expected to reach USD 1,034.43 billion by 2030, growing at a CAGR of 10.7%. This market involves outsourcing logistics and supply chain management activities to external providers. The expansion of the e-commerce industry and the development of transportation infrastructure in Asia and the Middle East are driving market growth. Shippers are outsourcing transportation to improve their operations, and there is a demand for effective inventory management services. The market is categorized by transportation mode, service type, and sector. Asia Pacific is the fastest-growing segment due to expanding trade corridors and ports.

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