Industry Background:
Reverse logistics is a process which is conducted after sale of the product in which goods are made to return from final destination to manufacturer or distributor. The activities include re-manufacturing, redesigning and refurbishing. The objectives of reverse logistics are to maximize value recovery and safe disposal waste.
This growth is primarily driven by Rise in Demand for Quality Products from Consumer Side and Growing E-commerce and Automotive Market.
Globally, a noticeable market trend is evident Growing Application of Augmented Reality
. The Air Freight & Logistics sector in the Asia Pacific region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as C.H. Robinson [United States], DB Schenker [Germany], The Deutsche Post [Germany], FedEx [United States], United Parcel Service (UPS) [United States], Kintetsu World Express [Japan], Core Logistic [Canada], Deliveryontime Logistics [India], Delcart [Belgium], Yusen Logistics [Japan] and Safexpress [India] etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
November 2018 - : Kuehne + Nagel intended to acquire Quick International Courier, a market leading provider of time-critical transportation and logistics solutions globally. "The acquisition of Quick is another accelerator to drive network growth and to enhance our global customer solutions portfolio”, says Dr. Detlef Trefzger, CEO of Kuehne + Nagel International AG.
Top manufacturing companies are outsourcing the reverse logistics operations as it is more complex and expensive than forward logistics. Companies such as Wal-Mart, Dell, Target, Pfizer and Unilever have outsourced the reverse logistics operations even though they are capable enough to manage the forward supply chain.
Regulatory Insights:
Market Drivers
- Rise in Demand for Quality Products from Consumer Side
- Growing E-commerce and Automotive Market
Market Trend
- Growing Application of Augmented Reality
- Waste Reduction with Closed Loop Supply Chains
Restraints
- Inability to Provide Quick Solution to Consumer
- Lack of Awareness Among End-user
Opportunities
Introduction of Block-chain in Logistic and Growing E-commerce Market and Manufacturing Industry in Emerging Countries
Challenges
Unwanted Cost Incurred Becomes Burden on Customers, Inadequate Information and Technological Systems During Product Cycle and Increasing Operational Cost
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Reverse Logistics Study Sheds Light on
The Reverse Logistics Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Reverse Logistics industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Reverse Logistics industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.