What is Logistics Outsourcing Market?
Logistics outsourcing is defined as the strategic use of outside parties to perform activities traditionally handled by internal staff and resources. This logistics outsourcing saves time as well as money as the third-party logistics companies provides expertise which adds value. This strategy provides time on other aspects such as customers, products, and business. In addition, the outsourcing reduces the labour risks and financial risk of an investment in property, equipment, and transportation. Hence, these benefits are increasing the market growth.
The market study is being classified and major geographies with country level break-up.
Exel Logistics (United Kingdom), Menlo Worldwide Logistics (United States), FedEx (United States), Ryder Logistics (United States), Tibbett and Britten (United Kingdom), Allyn International Services, Inc. (United States), Logistics Bureau Pty Ltd. (Australia), Tompkins International (United States), Cogneesol (United Kingdom) and GEP (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Sumasoft (India) and Maxtech Data House Pvt. Ltd. (India).
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Logistics Outsourcing market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Logistics Outsourcing market by Type, Application and Region.
On the basis of geography, the market of Logistics Outsourcing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Trade Related Agreements is Fuelling the Market
- Benefits Such as Cost-Effectiveness, Time Saving, and Others
- Advancements in Information Technology and Transportation
- Risks Associated with Vendor Reliability
- Strategic Concerns Over More Flexibility and Better IT Infrastructural Support
- Globalisation is Boosting the Market
- Lack of Monitoring and Control Over Logistics
Market Leaders and some development strategies
On August 2019, FedEx has agreed to acquire Cargex which is an international freight forwarding company. This acquisition will help to have access to larger global network, allowing them to help customers reach even more markets around the world.
On September 2020, DHL has launched a procurement outsourcing service. It is designed to help public and private sector organisations across the world. It helps to achieve substantial cost-savings through transformation sourcing of products and services
Key Target AudienceLogistics outsourcing service providers, Logistics company, Manufacturing company, Government associations, Research organisations, Enterprise software vendors and Others
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