I By Matt Coker t’s fitting that during a milestone year for our annual roundup of America’s best third-party logistics providers, the industry is on fire. By the time 2022 comes to an end, the global 3PL market size will hit USD $1.03 trillion, North America will have accounted for 40% of that total, and there will be no impediments to the industry reaching $2.14 trillion worldwide by 2032, according to Fact.MR, a Dubai-headquartered research firm with offices in the U.S. and India. Many 3PLs you will find here play outsized roles in that rosy forecast, having also made other 2022 best lists based on total revenue rankings. A good chunk of these, in our compilation and others, are the U.S. and/or North American divisions of multinational logistics giants. GETTING COMPETITIVE: In today’s logistics and supply chain space, 3PLs must focus on staying ahead of the competition while minimizing costs. Read more on Page 32 . www.globaltrademag.com SEP/OCT 2022 15
Global Trade September/October 2022: Page 15
