Due to the rapid growth of e-commerce, the global demand for 3PL (third-party logistics) services is expanding. The global 3PL sector, valued at over $1 trillion in 2020, is expected to grow to $1.75 trillion by 2026.
3PLs have been the global economy’s engine in the new normal. They are keeping the wheels turning for businesses and customers. Yet, 3PLs encounter several obstacles today. Challenges like COVID, the Russia-Ukraine war, global inflation, and the ‘great resignation’ wave lead to significant supply chain issues that keep 3PL managers in constant worry. These issues also add to the uncertainties for multinational companies alike.
Despite, or perhaps in spite of, the difficulties experienced by 3PLs, supply chain agility has become vital for companies. 3PL’s processes, procedures, and real-time insights must be made available to consumers to gain such agility. 3PLs have several challenges in achieving this visibility across dispersed supply chains, resulting in shifting priorities.
FreightWaves 3PL Summit 2022
After a period of relative peace in the freight markets for two to three years, the last couple of years has all been about turbulence. Supply chain and logistics professionals have conquered adversity during the past few years, but new challenges will hinder manufacturing and shipping operations globally.
Supply chain instability will not diminish this year. Many challenges will still affect supply chains in 2022. The return of normalcy may stretch up to 2023. Many critical factors to global supply chain disruption have yet to be overcome by the sector.
This year, Frieghtwave’s 3PL Summit 2022 will feature discussions around the most cutting-edge technologies and techniques. The event will host more than 20 speakers. All of them are experts in their domains. They will talk about some of the supply chain difficulties that 3PLs and shippers expect to face this year to prevent being caught off guard. See the visionaries who shaped the industry into what it is now, as well as the trailblazers who will lead it ahead.
TMS 2.0: Coordinated Chaos – Turvo’s Partnership
Turvo has been at the forefront of promoting awareness about supply chain systems. These systems can help increase predictability, visibility, and control in any supply chain. Turvo’s solutions have helped many companies globally to optimize their supply chains. Like 2021, Turvo is proud to be the regional sponsor for the FreightWaves 3PL Summit 2022.
Turvo’s Chief Revenue Officer (CRO) & long-time supply chain veteran Ron Richardson will be a part of this event. He will discuss the differences between Visibility 1.0 and 2.0 in a featured conversation with the FreightWaves crew during the FreightWaves 3PL Summit on March 16th, 2022 (Add to Calendar).
Ron will delve into the growth of today’s modern TMS solutions. From track-and-trace solutions to the most advanced new age TMS with built-in real-time collaborative features. They link people, systems, and workflows on a single platform for real-time supply chain management.
Evolution in a fragmented industry like trucking will happen if all the pieces work together in a synchronized way. Third-party logistics firms can move the industry ahead by linking shippers and carriers. Take a look at how the Turvo Collaboration Cloud, TMS & Visibility Solutions work in practice. Please stop by our virtual booth.
If you are looking for great TMS solutions, Turvo is the right partner. Turvo provides the world’s leading Collaborative TMS application designed for the supply chain. The technology unifies all systems, internal and external, providing one end-to-end solution. It helps with operations and analytics while eliminating redundant manual tasks through automation. Turvo’s customers include Fortune 500 logistics service providers, shippers, and freight brokers. Turvo is based in the San Francisco Bay Area with offices in Dallas, Texas, and Hyderabad, India.
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