Seventy-seven percent of Domestic Fortune 500 companies use 3PLs for logistics and supply chain functions according to a new report issued by Armstrong & Associates.
According to the report, "Trends in 3PL/Customer Relationships - 2009", General Motors, Procter & Gamble, Wal-Mart, PepsiCo and Ford Motor each use 30 or more 3PLs.
The report also measured the Global Fortune 500 3PL market at $187.4 billion for 2007 with growth to $199.7 billion in 2008. Within the Global 500, "Technological" vertical industry 3PL customers spent over $45 billion with 3PLs in 2007 and 2008. "Electronics, Electrical Equipment" companies led all Technological vertical sub segments with over $18 billion in 3PL spend.
The average customer is utilizing each 3PL for three distinct services. Of the total 3,936 3PL/Customer relationships, 728 or 18.5% are strategic with the 3PLs performing supply chain management and/or lead logistics provider services. The remaining 81.5% can be classified as tactical relationships. The most important services by vertical industry are also highlighted.
The complete report is available www.3PLogistics.com.