The global demand for Logistics Outsourcing Market is presumed to reach the market size of nearly USD XX MN by 2030 from USD XX MN in 2022 with a CAGR of 9.11% under the study period 2023 - 2030.
Logistics outsourcing refers to a strategy in which a company hires another company to be responsible for the logistic activity that is or could be done by internal staff and resources. Sometimes involves transferring employees and assets from one firm to another. In simple words, the company allocates resources to manage the supply chain and work as an extension of the company. Logistics outsourcing offers many advantages, including reduced overall logistics costs, avoiding distribution infrastructure investments, avoiding systems investments, avoiding fleet investments and maintenance, leveraging freight buying power, sharing freight costs, improving performance, reducing liability in freight operations, and many more.
Market Dynamics
Logistics is currently confronting immense changes. Logistics companies are facing an era of unprecedented change as digitization takes hold and customer expectations to evolve. Logistic companies are increasingly outsourcing the non-core activities of their supply chain like logistics operations due to the factors like an increasingly competitive environment, improving customer service, gaining access to global capability, increasing flexibility, expanding e-commerce, economic benefit, and changing customer expectations. Customers are expecting to get goods faster, more flexibly, and at low or no delivery cost. Firms are outsourcing their logistic activities to tap into advanced logistics technology, which many outsourcing providers now offer to improve visibility, aid process efficiency, and meet customer demands for real-time information. However, lack of monitoring control over logistics and risks associated with vendor reliability obstructs the market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of logistics outsourcing. The growth and trends of logistics outsourcing industry provide a holistic approach to this study.
Market Segmentation
This section of the logistics outsourcing market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Material Management
- Supply Chain Management
- Distribution Management
- Shipment Packaging
- Channel Management
- Order Processing
- Returns Management
By Application
- Air Transportation
- Sea Transportation
- Railway Transportation
- Highway Transportation
- Multimodal Transportation
By Industry
- Consumer Goods
- Automotive
- Pharmaceuticals
- Retail
- Manufacturing
- Food & Beverages
By Business Model
- Asset based
- Non-asset based
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Logistics Outsourcing market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Logistics Outsourcing Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the logistics outsourcing market include Exel Logistics (U.K.), Menlo Worldwide Logistics (U.S.), FedEx (U.S.), Ryder Logistics (U.S.), Tibbett and Britten (U.K.). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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