NEWPORT BEACH, CA—Third-party logistics operators and facility owners are benefiting from a rapidly rising rate of product returns as many retailers outsource their reverse-logistics operations to cut costs and gain maximum efficiencies, according to a recent report from CBRE. As GlobeSt.com recently reported, reverse logistics is a rising concern as the percentage of online returns grows with the percentage of online shopping, and whoever solves this problem is a genius, CBRE senior managing director Kurt Strassman told us.

An earlier report from the firm showed that as e-commerce claims an increasingly larger portion of holiday retail sales, retailers' efficiency in limiting and handling returns of merchandise bought online—which could amount to as much as $32 billion this year—will make or break the holiday season for many. David Egan, CBRE global head of industrial and logistics research, also recently told us, “Speed and efficiency in processing e-commerce returns, with an eye toward preserving as much value of the merchandise as possible, often separates the top-performing retailers from the not-so-successful ones in the weeks after Christmas.”

As a result, many retailers are leaning on 3PLs to help them out of the bind. CBRE Research estimates that 3PL users occupy 700 million square feet of warehouse and distribution space in the US and have been growing by 3% to 5% annually since 2013. GlobeSt.com was unable to reach Strasmann before deadline for his predictions on how much 3PLs are expected to grow in 2018.