Logistics 2.0: reinventing the industry to meet the needs of e-commerce
The third-party logistics (3PL) market was worth approximately $1,000 billion globally in 2020. It is expected to soar to more than $1,750 billion in 2026, at an estimated annual growth rate of 8% from 2021 to 2026.
e-tailers face increasingly complex logistical challenges. They need to manage their stocks efficiently, ensure that products are available when needed and deliver orders on time – meeting the expectations of increasingly demanding consumers. Logistics is an essential aspect of their business, but that doesn’t necessarily mean they have to manage this function themselves.
The role of third-party logistics providers
Outsourcing logistics to specialist service providers such as 3PLs brings multiple benefits. You can rely on their expertise and resources. They have in-depth knowledge of the issues surrounding marketplaces and understand the challenges faced by e-tailers. They manage stock flows efficiently, ensuring that products are available at the right time and optimising shipping processes.
3PL providers can also offer more competitive shipping prices. By coordinating large volumes of orders from various e-tailers, they rationalise logistics costs. This translates into more attractive shipping rates for e-tailers, which can be a competitive advantage in the online marketplace.
What’s more, they can adapt quickly to the business strategies of individual e-tailers. Each company has specific needs and priorities in terms of stock management and logistics. Outsourced logistics providers can adjust their services to meet these requirements, giving e-tailers greater flexibility.
Our Multi-Level solution
Land in attractive locations is scarce and space comes at a premium. Traditional warehouses, built on the ground floor, have limited storage capacity and are not always scalable. This is where GSE’s multistorey warehouse comes in. This innovative solution optimises the use of space by adding one or several levels of storage, offering greater storage capacity on the same footprint.
*source: Mordor Intelligence
