According to a report by Mordor Intelligence, the global third-party logistics (3PL) market is estimated to reach USD 1,216.07 billion by 2023 with a CAGR of 5.48%. The market is highly competitive and fragmented. Established players have invested in products, manufacturing plants, and formed alliances with smaller companies. The growth is driven by the increase in e-commerce sales and investment in advanced technology. Mordor Intelligence provides in-depth market research that can benefit start-ups, industry players, investors, researchers, consultants, and business strategists.
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