From GlobeNewswire:

Extensiv, formerly 3PL Central, has released its 2024 State of the Third-Party Logistics Industry Report. The report reveals that 3PLs are facing cost pressures, industry disruptions, and skyrocketing customer demands. Extensiv’s chief marketing officer, Rachel Trindade, emphasizes the need for technology adoption to drive success and growth in this challenging environment.

Despite years to adapt, many 3PLs have not developed supply chain resilience needed to navigate 2024. Managing costs remains the top business challenge, with continued uncertainty around inflationary pressures and supply chain shocks. The chaos created by increases in parcel volume and general rate increases are affecting profitability, leading many 3PLs to search for new strategies and tools.

Extensiv’s State of the Third-Party Logistics report highlights key trends in the industry for 2024. These include the rising cost of doing business, shipping landscape chaos, geographic spread of modern fulfillment, and the need to embrace cutting-edge technology. The full report is available for download on the Extensiv website.

To learn more about the industry trends discussed in the report, join the Extensiv team for a live discussion of 3PL Industry trends on February 13th at 10 a.m. PT. Additional resources and information about Extensiv can be found on their website. Extensiv is a leader in omnichannel fulfillment, partnering with warehouse professionals and brands to transform their fulfillment operations.



Read more: Extensiv Report Reveals Rising Costs, Fluctuating Demand,