The report forecasts the global consumer packaged goods (CPG) logistics market to grow at a CAGR of 5.98% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: One trend that is impacting the market positively is the dominance of integrated service providers. The CPG logistics market is experiencing the development of integrators. The market is characterized by vendors that are engaged in providing either asset-type or non-asset-type services. However, integrators are a combination of both asset-type and non-asset-type providers. While asset-type providers own truck fleets or warehouses, non-asset-type providers act as forwarders or consultant firms. Integrators provide all types of logistics services and can act as both 3PL and 4PL providers.
According to the report, a key growth driver is the increased outsourcing of logistics services. Building a logistics infrastructure is a capital-intensive process and the investment is blocked for a long time. Therefore, companies outsource their logistics services to reduce operational costs. The outsourcing of logistics and other SCM-related operations to contract logistics or 3PL providers allows CPG companies to improve the efficiency of their business by focusing on their core competencies. Shippers achieve huge savings by avoiding expenses related to warehousing, vehicles, and machinery. 3PL providers also offer value addition to the SCM needs of shippers by customizing services as per requirements. This allows shippers to outsource their logistics requirements and carry out the remaining functions in-house.
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
C. H. Robinson
Eagle Global Logistics
Star Distribution Systems
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by logistics services