Datamonitor predicts ‘very promising’ future for 3PLs

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Business for third-party logistics providers looks ‘very promising’, according to analyst Datamonitor’s recently published European Logistics House View report.

It says expenditure on outsourced third party logistics provision across the automotive, consumer, hi-tech, pharmaceutical, and retail industries is set to increase significantly over the coming four years. In Europe’s highly competitive automotive industry for example, continual pressure on costs will mean logistics outsourced to third party suppliers account for 60% of the sector’s overall expenditure on logistics services by 2010.

Datamonitor’s “European Logistics House View” report provides an overview of the European logistics market, incorporating data, forecasts and analysis of the main factors affecting the industry now and in the future, spanning the EU15 European countries. Key metrics include in-house versus outsourced logistics spend, with forecasts to 2010.

The report includes an analysis and insight into the key trends driving the European logistics as well as looking at the factors that affect each individual sector. It also looks at the costs of in-house versus outsourced logistics and includes forecasts to 2008.

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