Surveys Find 3PLs Hitting Their Stride Amid Economic Uncertainty
SAN ANTONIO, Sept. 22, 2014 – Today, the 21st Annual Surveys of Third-Party Logistics Provider CEOs, sponsored by Penske Logistics, revealed that 3PL CEOs are confident about the current state and future revenue growth of their companies and the regional 3PL industries. The annual surveys, which this year included the CEOs of 27 of the world’s largest 3PLs, found that approximately 75 percent of the companies involved in the surveys were profitable in 2013. North American and Asian-Pacific CEOs forecasted three-year company growth of 10.77 percent and 16.2 percent, respectively. European CEOs forecasted 8.33 percent growth over the same period.
The CEOs were also asked to project regional 3PL industry revenue growth rates for the next three years in all three regions. North American CEOs projected average revenue growth rates of 6.54 percent; European CEOs projected average revenue growth rates of 4.17 percent; and CEOs in the Asia-Pacific region projected average revenue growth rates of 10.4 percent.
The surveys are being presented today at the Council of Supply Chain Management Professionals (CSCMP) Annual Global Conference by surveys author, Dr. Robert Lieb, Professor of Supply Chain Management at Northeastern University’s D’Amore-McKim School of Business, and Joe Carlier, Senior Vice President of Sales for Penske Logistics. The findings analyze responses from 27 major third-party logistics company CEOs across North America, Europe and Asia-Pacific whose companies generated approximately $46 billion in revenue in 2013. The report was co-authored with Dr. Kristin Lieb, Associate Professor of Marketing Communications, Emerson College. The survey is underwritten by Penske Logistics, a leading provider of third-party logistics services.
An encapsulation of key survey findings are as follows.
Read more at: http://www.3plnews.com/3pl/surveys-find-3pls-hitting-their-stride-amid-economic-uncertainty.html
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