The rise of the 3PW
logistics
HEADNOTEFirms are more likely to outsource warehousing today more than ever.
In recent times, increasing numbers
In the 1970s, most firms did their own warehousing; third-- party warehouses were mostly small businesses. In the 1990s, warehouse outsourcing became much more common. Third-party warehousing became big business, and today, the outsourcing trend is bigger than ever.
According to one estimate, spending on outsourced warehousing is growing about 23% each year. Spending reached $20 billion in 2000.
IMAGE PHOTOGRAPH 5A recent University of Tennessee study of Fortune 500 companies says 63% outsource logistics services (including warehousing and transportation), the highest percentage among functions outsourced. In terms of outsourcing logistics services by industry, the computer industry leads with 80%, while 68% of retailers outsource logistics services.
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