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At 5.2% CAGR, Fourth Party Logistics Market Size will reach 84.17 billion USD by 2027

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Aug 04, 2020 (Market Insight Reports) -- Selbyville, Delaware According to Market Study Report LLC adds new research on Fourth Party Logistics market, which is a detailed analysis of this business space inclusive of the trends, competitive landscape, and the market size. Encompassing one or more parameters among product analysis, application potential, and the regional growth landscape, Fourth Party Logistics market also includes an in-depth study of the industry competitive scenario.

The global fourth party logistics market is accounted to US$ 54.06 Bn in 2018 and is expected to grow at a CAGR of 5.2% during the forecast period 2019 – 2027, to account to US$ 84.17 Bn by 2027. The global fourth party logistics market is experiencing steady growth in the forecast period on account of the adoptions of better and advanced logistics solutions.

Request Sample Copy of this report at https://www.marketstudyreport.com/request-a-sample/2095820?utm_source=marketwatch.com&utm_medium=AG

KEY COMPANY PROFILES

  • ALLYN INTERNATIONAL SERVICES, INC.

  • CEVA LOGISTICS AG

  • DAMCO

  • DB SCHENKER (DEUTSCHE BAHN AG)

  • DEUTSCHE POST AG

  • GEFCO GROUP

  • GEODIS

  • LOGISTICS PLUS INC.

  • UPS SUPPLY CHAIN SOLUTIONS (UNITED PARCEL SERVICE, INC.)

  • XPO LOGISTICS, INC.

The continuous globalization, tough scenarios for retailers and other distributors came into existence, and thereby, use of value-added supply chain services among retail industries is gaining high momentum and is expected to propel entire fourth party logistics market. Need to manage entire processes beginning from a purchase order, warehouse receipt process, and distribution center to store logistics, need to manage complete logistics is required.

The prominent e-commerce companies represents their lead logistic providers by keeping and maintaining overall supply chain proficiently in the fourth party logistics market. From many years, a significant portion of retailers uses logistic services to handle packaging, warehousing, transportation, and fulfillment. With a boom observed in the e-commerce sector, the retailers create parallel supply chains to fulfill both online and physical locations demand.

The fourth party logistics provides strategic vision and greater visibility of inventory which enable retailers to allocate stocks and meet the customer’s need. These services assist the retailers to effectively manage their operations effectively and efficiently, which is forecasted to bolster fourth party logistics market. The e-commerce industry sustained its growth by continuous modify the supply chain. The expertise of supply chain puts extra efforts on solutions to make last-mile delivery efficient such as using crowdsourcing deliveries, click-and-collect technology, and pickup lockers.

Increase in customers’ expectations is putting pressure on the shippers to reconsider last mile delivery in the supply chain. Through this, it would ease the entry of new players into the market and would provide platform to logistics provider to cater maximum number of players. Also, the large e-commerce players focus on creating demand from their online websites and then fulfill the orders, using their supply chain and logistics functions, which was earlier outsourced to the third parties.

Now the shippers concentrate on building utmost resilient supply chains to gain and retain the carrier capacity at the minimal costs. Such growth in retail and e-commerce industry is anticipated to gain traction endlessly in coming times which have a significant impact on the fourth party logistics market.

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