How can logistics real estate support third-party logistics providers?

Abstract

In recent years, the logistics outsourcing market has significantly expanded, driving also the growth of the logistics real estate sector. However, these subjects have been investigated separately, without empirical evidence on the assessment of warehouse features, nor studies matching those with 3PL providers’ needs. This paper aims to fill this gap by providing a deeper understanding of the alignment between the 3PL industry’s needs and the logistics real estate offering. An extensive literature review was used to investigate the characteristics of the logistics real estate industry and define the present and future challenges for the 3PL industry. Afterwards, 3PL warehouse features were analysed through data collected on 75 logistics buildings located in Italy. Results indicate that the logistics real estate seems relatively prepared to support the 3PL industry’s needs. However, such alignment could be further strengthened through investments by the logistics real estate towards environmental sustainability and warehouse automation.