Anaheim, Calif., September 16, 2019 – The modern supply chain is complex and in order for the world's leading companies to deliver their goods and services in an expedient, cost-conscious and environmentally friendly fashion, they are increasingly turning to third-party logistics companies to achieve these goals. These are among the themes of the 2020 Third-Party Logistics Study, released today at the Council of Supply Chain Management Professionals (CSCMP) EDGE conference.
The main topics in this year’s study are analytics in the shipper (companies that manufacture and distribute goods and services) and 3PL relationships; the growth of supply chain finance; and the continued greening of the supply chain.
Here are some insights gleaned from the 2020 3PL Study:
Shanton Wilcox, head of North America Supply Chain, Infosys Consulting: “Natural, political and operational disruptions are the new normal in today’s global supply chains. To mitigate these risks, companies are increasingly leveraging supply chain finance.”
Joe Carlier, senior vice president of global sales, Penske Logistics: “There are many benefits to a more sustainable supply chain. We have a responsibility to be better environmental stewards. A smarter and more agile supply chain is also cost effective.”
Dating back to 1996, this study has documented the transformation of the third-party logistics industry. Dr. C. John Langley, clinical professor, supply chain information systems and director of development, Center for Supply Chain Research at Smeal College of Business at The Pennsylvania State University, initiated this research to capture and measure this evolving industry. As part of this year’s survey process, the study recorded 558 respondents. The 2020 study, as well as an archive of previous publications, is available at www.3PLStudy.com.
Infosys Consulting is a global management consulting firm helping some of the world’s most recognizable brands transform and innovate. Our consultants are industry experts that lead complex change agendas driven by disruptive technology. With offices in 20 countries and backed by the power of the global Infosys brand, our teams help the C-suite navigate today’s digital landscape to win market share and create shareholder value for lasting competitive advantage. To see our ideas in action, or to join a new type of consulting firm, visit us at www.InfosysConsultingInsights.com.
Penske Logistics is a Penske Transportation Solutions company with operations in North America, South America, Europe and Asia. Penske Logistics provides supply chain management and logistics services to leading companies around the world. Penske Logistics delivers value through its design, planning and execution in transportation, warehousing and freight management. To learn more visit: www.penskelogistics.com.