Global 3PL in FMCG Market Overview:
FMCG is fast moving consumer goods industry that is generally used for products that are cheaper but due to their high demand, they sell quickly. These products include packaged food, beverages, toiletries, candles, drugs, and dry goods, among others. Third-Party Logistics (3PL) refers to outsourcing logistics and supply chain management functions to external service providers. In the FMCG market, 3PL providers typically offer tailored solutions that are both adaptable and expandable to fulfill the specific requirements of their clients. 3PL offers services that show better management of their supply and demand. 3PL is third party logistic provides services such as standard 3PL provider, 3PL service developer, 3PL customer adapters, and 3PL customer developer. Furthermore, the growth of e-commerce has resulted in a greater need for efficient fulfillment and delivery services, which 3PL providers can assist in streamlining and is expected to grow at a significant rate during the forecast period.
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High Demand of Integrated System and Software in 3PL for FMCG
Market Growth Drivers:
Increasing Demand for FMCG Products, Rise In Need of Enhanced Inventory Visibility and Forecasting In FMCG Logistic and The growth of E-Commerce has led to Increased Demand for Faster and More Efficient Fulfillment and Delivery Services
Growing Demand of Scalability in 3PL by FMCG and Lack of Trained Workforce
Increasing Fuel Cost and Stringent Government Rule Regarding Emission Reduction and Anti-Idling Regulation
Increasing Demand of Advance Technology Enable Solution for FMCG by 3PL
3PL in FMCG market is a fragmented market due to the presence of various players. The players are focusing on increasing their manufacturing capacity and are offering competitive prices to gain high market share and establish their position in the market. Further, companies are focusing on developing technologically advanced services such as temperature-controlled supply chains, data-based solution in inventory and sales management, stock updated, geography wise performance management solutions to improve quality, enhances and promotes performance. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Some of the key players profiled in the report are C.H. Robinson (United States), Deutsche Bahn (Germany), Kuehne + Nagel (Switzerland), CEVA Logistics (France), Deutsche Post DHL Group (Germany), Nippon Express (Japan), DACHSER (Germany), XPO Logistics (United States), Sinotrans (China), DB Schenker (Germany), GEODIS (France), Kerry Logistics (China) and Maersk Logistics (Denmark). Considering Market by Services Type, the sub-segment i.e. Transportation Based Services will boost the 3PL in FMCG market.
Latest Market Insights:
In May 2021, Kuehne + Nagel acquired Apex International Corporation with the receipt of unconditional regulatory approval from competent authorities. Apex is Asia’s leading freights forwarders, specifically on transpacific and intra-Asia trade routes. This acquisition help Kuehne + Nagel to maintain their growth strategy and expand their position of 3PL in FMCG market
In February 2022, C.H Robinson open new office in Beijing. China always remain important as well as exciting market for investment, support existing customers and for development of new business. With this strategic planning C.H Robinson expand their presence in Asian market for 3PL in FMCG
What Can be Explored with the 3PL in FMCG Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global 3PL in FMCG Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in 3PL in FMCG
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global 3PL in FMCG market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in 3PL in FMCG market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Third Party Logistic Provider, Government Bodies, Regulatory Bodies, Potential Investors, Research and Development Institutes, End Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.