News / Booming contract logistics market makes Asia-Pacific the new hotspot for 3PLs

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The strength of emerging economies, a fast-growing e-commerce sector, and continued foreign direct investment are driving the growth of third-party contract logistics (CL) across the Asia-Pacific region.

Until recently Europe was the largest CL market for most major global 3PLs. However, Norman Mummery, senior vice-president of contract logistics at DB Schenker, says Asia-Pacific (APAC) is now its biggest market.

“With the tripling of our CL revenue over the past five years, APAC CL has surpassed Europe as our biggest market – APAC ...