Author: Rachel Trindade Aug 01, 2023 1 Min READ

Capturing 3PL Industry Trends and What to Expect for 2024

1 Min READ
Capturing 3PL Industry Trends and What to Expect for 2024

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The past year has been a whirlwind for the logistics industry, with factors like inflation, rising interest rates, labor shortages, and increasing fuel costs shaping the way third-party logistics (3PL) warehouses operate. 

At Extensiv, we're committed to helping 3PLs continue to improve their business by understanding their standing relative to others in the logistics sector. To achieve this, we compile data from 200+ 3PLs annually in the Third-Party Logistics (3PL) Warehouse Benchmark Report—revealing key insights on order volume growth, profitability, operational efficiency, and utilization metrics.

In last year’s report, 3PLs expressed tremendous optimism after a successful year where 91% grew order volumes year over year and 81% improved their profitability (38% said they grew profitability by more than 25%). But with each new year, new challenges emerge.  

How to Share Feedback on Industry Trends  

To capture the prevailing industry trends affecting 3PLs, we are launching our fourth annual benchmark survey to document the trends that will help you prepare for 2024. Your experience and expertise matter to us. Please take 5-to-10 minutes to complete the survey.

All responses will be anonymized and combined to uncover significant logistics industry trends. As a token of our appreciation for your time, we’ll automatically enter you into a drawing for a chance to win one of three (3) $100 American Express gift cards. Plus, you'll enjoy early access to the final report once it's ready.

Take the 3PL Annual Benchmark Survey  

To participate in this year's annual benchmark survey and gain early access to the report, take the survey now. For those who haven't had the opportunity to review last year's results, you can explore last year’s Third-Party Logistics Warehouse Benchmark Report.

Additional Industry Trends Data

Each year, Extensiv processes more than 140 million transactions. This unique perspective empowers us to offer invaluable insights into weekly order trends by marketplace. By leveraging Extensiv Market Insights, 3PLs can track changes in order volumes week over week and year over year for the largest marketplaces and shopping carts like Amazon and Shopify. It's the perfect tool to align your business's order trends with industry norms.

Join us on this journey to navigate the dynamic logistics landscape and gain actionable insights that will shape the future of your business. 

FREE REPORT Proven Ways to Improve Warehouse Profitability Get the guide for a five-point warehouse tune-up  

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