2020 Third-Party Logistics Study

The 2020 Third-Party Logistics study discusses special topics of supply chain finance, green logistics and analytics for shippers and 3PLs.

Its that time of year again, where the Penn State Smeal College of Business partnered with Penske and Infosys Consulting to conduct a 3PL (third-party logistics) study to help stay current on shipper interrelationship and behavior trends.

The year 2020 marks the 24th 3PL study, with this particular issue containing special topics like supply chain finance, green logistics, and analytics for shippers and 3PLs.

The study subsists on four pillars of research: surveys, desk research, focus interviews and intensive, one-day facilitated shipper workshops.

Summary of the 3PL Study

The study reveals that supply chain finance serves as a vessel for those in supply chain, as they gain access to funds that would otherwise be unattainable when goods are in transit.

Supply chain costs, therefore, are one of the top factors in supply chain shippers operations decisions, the research explains.

Greener practices and sustainability are also making their way into shipper priority, as those working in supply chain begin making a habit of documenting their emission data and efficiency metrics.

When it comes to data and frequency, however, shippers and 3PLs recognize some issues with the availability of clean data along with insufficient analytics resources— there is a need for more expertise and talent.

This years study has come to the conclusion that there exists an Analytics Gap and therefore dives into the necessary steps that could help shippers and 3PLs work with the situation at hand.

Overall, the 3PL report finds that a majority of shippers report successful relationships with their customers and their 3PLs alike and that numerous 3PLs are engaging in significant technology investment in order to best analyze and assess shippers operations.

To access the 3PL study, register online through this link.

A Special Thanks

Dr. C. John Langley curated the study in the mid-nineties, working hard to grasp the 3PL provider transitionary period from vendors of individual services to logistics partners that offer integrated services.

Dr. Langley was able to capture the evolution of symbiotic relationships between the 3PLs and their customers, showing the meaning and connection that builds over the years.