The global third party logistics market is expected to be worth $925 billion by 2020 and will be partially driven by the outsourcing of secondary business activities, according to a new study. Orbis Research’s study found that the challenges of managing geographically dispersed supply chain operations because of increased globalization has led to several companies to outsource their logistics function. Difficulties with addressing logistical challenges has also led to increased outsourcing by wholesalers and retailers, thereby boosting the third-party logistics industry.

For weekly news updates, subscribe to our email newsletter.

More news at Sourcing Focus.