May 07, 2021 (Market Insight Reports) -- Logistics outsourcing, also known as third-party logistics (3PL), can be defined as the strategic use of outside parties to perform logistic activities. Third-party logistics providers include raw material suppliers, distributors, and other value-added service providers. Logistics outsourcing includes contracting of channel management, material management, distribution management, supply chain management, and shipment packaging.
The benefits of logistics outsourcing come in several forms, with streamlined operations, human capital reduction, operations cost savings and ensurement of global on-time delivery. Companies are now increasingly adopting logistics outsourcing to enhance their operations and cost-effectiveness. The global logistics business outsourcing market is divided into six regions, such as North America, South America, Asia Pacific, Europe, the Middle East, and Africa.
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Global Logistics Business Outsourcing Market (2020) research report explores the market in terms of Revenue And Emerging Market Trends and Drivers and includes an up-to-date analysis and forecasts for various market segments, major players, and all geographical regions till 2027.
The coronavirus epidemic (COVID-19) has affected all aspects of life around the world. This has changed some of the market situations. The main purpose of the research report is to provide users with a broad view of the market. Initial and future assessments of rapidly changing market scenarios and their impact are covered in the report. The report will account for Covid19 as a key market contributor.
The thriving growth of e-commerce and the development of new technologies is expected to propel the growth of the global logistics business outsourcing market over the forecast period. According to the India Brand Equity Foundation (IBEF), the Indian E-commerce market is expected to grow to US$ 200 billion by 2026 from US$ 38.5 billion as of 2017.
Moreover, the development of logistics infrastructure, increasing demand for 3PL in automotive and e-commerce sectors, and increasing emphasis on transportation practices are some major factors expected to augment the global logistics business outsourcing market growth.
Lack of logistics control and risks associated with cross-border transportation are expected to impede the growth of the global logistics business outsourcing market.
The Asia Pacific is expected to witness robust growth in the global logistics business outsourcing market due to the rapid growth of e-commerce in the region. For instance, in January 2021, Mahindra Logistics launched its cargo last-mile delivery service under the brand name 'EDel'. Recognized for its 3PL services, MLL enters into a new service line of sustainable last-mile logistics and fulfillment with 'EDel' for customers in E-Commerce, FMCG, and other markets.
This research report provides an analysis of the competitive landscape of the global Logistics Business Outsourcing market. This includes evaluating current and future trends that players can invest in. It also includes an assessment of the player’s financial prospects and describes the nature of the competition.
The report now describes the changes in market dynamics and demand patterns associated with COVID-19 infection. This report provides a detailed overview of business areas, growth prospects, and future prospects based on the impact of COVID-19 on the growth of the entire industry. The report also provides an analysis of the current and future market impact of Pandemic and a forecast of COVID-19 anomalies.
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Key players involved in the global logistics business outsourcing market are Exel Logistics, Tibbett and Britten, Ryder Logistics, FedEx, and Menlo Worldwide Logistics.
In August 2020, KBOS, the Hong Kong-based logistics provider, launched a range of services to enable corporations to outsource non-core business activities from records retention, office asset management, to shipment order handling and logistics.
Global Logistics Business Outsourcing Market Report includes Detailed TOC points:
1 Industry Overview
2 Industry Environment (PEST Analysis)
3 Logistics Business Outsourcing Market by Type
4 Major Companies List
4.1 Exel Logistics (Company Profile, Sales Data etc.)
4.1.1 Exel Logistics Profile
Table Exel Logistics Overview List
4.1.2 Exel Logistics Products & Services
4.1.3 Exel Logistics Business Operation Conditions
Table Business Operation of Exel Logistics (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
(Continue with Key Players)
5 Market Competition
6 Demand by End Market
7 Region Operation
8 Marketing & Price
9 Research Conclusion
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