Latest blog by Katalyst Technologies, highlights future of 3PL software integrations for logistics companies. It covers advanced tech for logistics management software.
Third-Party Logistics is a massively growing industry worldwide. As per Grand View Research,Guest Posting the global 3PL market size is expected to reach $1.2 trillion by 2025, with a CAGR of 7.5%. Considering the demand for 3PL services, players in the industry are investing in technology-driven logistics management software to bolster their tech portfolio. 3PL providers are leveraging disruptive technologies to enhance their distinctive competencies.
Bleeding edge technologies have triggered Industry 4.0, a data-driven approach that thrives on information management and mining it to automate processes and pace up end-to-end business cycles. In this scenario, AI, machine learning, blockchain, IoT that are shaking up the old way of doing trade, are also bound to spill-over into the logistics industry in general and third-party logistics business in specific.
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