Beyond technology and processes, there is ample room for innovation in supply chain management and logistics through business model transformation.

Reports are now showing that in 2022, 3PLs accounted for 41% of all lease transactions in warehouses and distribution centers that have at least 200,000 square feet.

This is a huge jump from 2022’s valued market of 1.1 trillion. The estimations are being drawn from India-based analytics and advisory company, Astute Analytica.