Hardware Segment is Expected to Dominate the Global Connected Logistics Market
The
third-party logistics model delivers greater asset utilization and asset
sharing alliances, which increases its demand, and contributes toward the growth
of the 3PL market.
According
to TechSci Research report, “Global Connected
Logistics Market - Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2028”.
Global Connected Logistics is anticipated to project robust growth in the
forecast period with a CAGR of 14.48%
through 2028. E-commerce shippers are
increasingly turning to 3PL providers to help them meet changing customer
expectations and deal with supply chain disruption, labor constraints,
transportation issues, inflation, and other challenges that have become the
"new normal" in today's operating environment. As a result, 3PLs are
offering shippers strategic locations, more space to accommodate higher
inventory volumes, and a wider range of delivery options. As the volume of
returns has increased in the last year, e-commerce shippers want to work with
3PLs that can help customers with the returns process. Omni-channel logistics
services are also in high demand, with automation serving as a critical
component of e-commerce fulfillment processes.
The
larger 3PLs have multiple e-commerce operations, such as Geodis, DHL, Ryder,
and JD Logistics (in Asia), to name a few of the larger players. Smaller
providers have followed suit and now offer e-commerce fulfillment as well. In
most cases, these 3PLs have e-commerce fulfillment operations separate from
their traditional business-to-business (B2B) warehousing operations. More 3PLs
will be needed in the future to add value in the last mile of the supply chain,
where getting large and bulky items from the final point of distribution to the
customer's location remains a major challenge. Getting furniture, fitness
equipment, and other large items to customers' doors requires extra planning,
especially if they require quick delivery.
Browse
over XX market data Figures spread through XX Pages and an in-depth TOC on " Global Connected
Logistics Market.”
In
a competitive and growing market, the last two years, 2020-22, have taught us
that we must be both flexible and agile. In 2021, unprecedented growth in
online retail was expected, particularly in direct-to-consumer services. The
provision of omnichannel services, in which customers enjoy a unified shopping
experience regardless of channel, is a major focus. This could be done
in-store, online, on mobile, or through social media. Customers now expect a
more seamless experience, lower prices, faster shipping, and a greater emphasis
on sustainability. One of the most difficult challenges has been the
extraordinary demand in the grocery and apparel segments, where one-day
deliveries or less are becoming the norm. There was a global shortage of
transport capacity and a limited supply of delivery drivers in 2021.
Quick
commerce is being adopted by industries such as grocery, pharmaceuticals, and
e-commerce. Companies and brands are replacing traditional business models and
distribution channels with digital platforms to improve their delivery services
by leveraging available technological advancements. This market is typically
distinguished by delivery times of less than 20 minutes. The order size, value,
and weight are typically small(er) and easily transported via two-wheelers,
drones, or small vehicles. The 3PL, on the other hand, has already grown to
become an important stakeholder in the supply chain network. With the growing
demand for resource-backed fulfillment services, such as improved delivery
management software, acute logistics optimization, and increased use of smaller
warehouses in urban areas, reliance on 3PLs will only increase.
With
delivery volumes increasing all over the world, particularly due to the rapid
growth of eCommerce, supply firms are looking for innovative, cost-effective,
and efficient approaches to last-mile delivery. This has resulted in
investments and trials of cutting-edge technology such as driverless cars,
delivery bots, and drones. Aurora (self-driving technology) from Amazon is a
prime example.
Key
market players in the Global Connected Logistics Market are following:-
- Geodis
- DHL International GmbH
- db Schenker
- a.p. moller - maersk, Kuehne+Nagel
Inc.
- XPO
Logistics Inc.
- C.H.
Robinson Worldwide, Inc.
- FedEx Corporation
- United
Parcel Service of America, Inc.
- DSV
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“.Logistics
is the core area of the third party logistics (3PL) firms and their proficiency
in this areas is always superior to that of the core companies. 3PL firms have
the expertise to keep IT systems updated and deliver the logistic services more
time & cost effectively along with this they own the ability to meet the
technical requirements. Moreover, 3PL firms also help to reduce inventory cost
and can strategize to reduce a company’s overall shipping & delivery costs
as well. The core companies may not have that time or expertise to keep logistic
services and systems updated. The company often face challenges meeting timely
delivery of products during high business growth. Outsourcing logistic function
from a third party is helpful for core companies as these firms manage and
maintain warehouse, transportation, and other operations with more efficiently
with expertise. ” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based global management consulting firm.
Connected Logistics Market – Global Vertical Size,
Share, Trends, Opportunity, and Forecast Segmented By Component (Hardware, Software, Services), By Transportation
Mode (Roadways, Railways, Airways, Waterways), By Vertical (Manufacturing,
Automotive, Food and Beverages, Consumer Goods and Retail, Oil & Gas,
Travel and Hospitality, Healthcare and Pharmaceuticals, and Others), By Region,
By Competition, 2018-2028 has
evaluated the future growth potential of Global Connected Logistics Market and
provides statistics and information on market structure, size, share, and
future growth. The report is intended to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities present in the Global Connected
Logistics Market.
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