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Armstrong & Associates released results from a survey of 3PL executives that shows Q1 revenues down 6.7 percent for the $40 billion industry.

By industry vertical, it’s widespread with certain industries taking a bigger hit.

Automotive—down 37.5%
Retail—down 8.1 percent
Consumer goods—7.3 percent

Not faring as poorly were
Food & Groceries—down just 0.1 percent
Healthcare—down 2.3 percent

Armstrong had predicted that the 3PL market would grow by 4.5 percent this year, but if the economy has done anything, it’s shown that forecasts mean very little. The underlying theme behind all the statistics is that the 3PL industry needs to further strengthen its inventory management processes if they’re to weather this recession.

Logistics business: Armstrong & Associates says Q1 3PL revenues down 6.7 percent
By Jeff Berman

Posted in Uncategorized
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