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Logistics Services (3pl & 4pl) Market Organization, Outsource, Distribution Types, Advantages, Services, Opportunities, Demand, Business Development and Future Scope Forecast 2024
Apr 12, 2019 (MarketersMedia via COMTEX) —
Latest Report Available at Analytical Research Cognizance, "Logistics Services (3PL and 4PL) Market" provides pin-point analysis for changing competitive dynamics and a forward looking perspective on different factors driving or restraining industry growth.
The 3PLs of today can provide a much broader range of services than they used to. It used to be that their primary focus was on warehousing and shipping, so if you sent them your product they would store it and ship it for you. Now, 3PLs can handle almost your entire business.
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This includes not only the complete supply chain cycle, but also such functions as customer service, order management, sales support, ecommerce and IT integration. In fact, there are very few aspects of your business that a 3PL can't take care of for you and in many cases, they have technology and resources that you may not, so you get the benefit of top-tier tech without the investment.
A 4PL is an independent, singularly accountable, non-asset based integrator of clients' supply and demand chains. The 4PL's role is to implement and manage a value creating business solution through control of time and place utilities and influence on form and possession utilities within the client organization. Performance and success of the 4PL's intervention is measured as a function of value creation within the client organization.
Scope of the Report:
Dedicated e-commerce warehousing and distribution contracts are increasingly being awarded to logistics providers. A key trend in the global logistics industry is the provision of value-added services and bespoke solutions. Logistics providers are increasing their focus on specific industry sectors such as high-technology, automotive and pharmaceuticals, and offering additional value-added services that make their services more relevant for client needs. New technologies are finding their way into logistics services in order to improve productivity and enhance service. New logistics technologies being developed include vehicle management software, self-driving vehicles, robotics, internet of things applications and augmented reality. The largest logistics providers are characterized by differing service lines, asset ownership models, geographical scope and types of customers they serve.
The top three groups are all based in Europe: DHL is the largest provider globally, followed by Kuehne & Nagel and DB Schenker Logistics. All three have grown slower than the market in recent years as they have consolidated the major acquisitions made in the past. Most, but not all, of the leading logistics providers operate on a global scale, covering more than one continent. Some have a signific presence in all regions (ie Europe, Americas, Asia Pacific and Middle East / Africa). There has been significant mergers and acquisitions activity in the global logistics industry.
The worldwide market for Logistics Services (3PL & 4PL) is expected to grow at a CAGR of roughly 1.9% over the next five years, will reach 880 million US$ in 2024, from 790 million US$ in 2019, .
Brief about Logistics Services (3PL and 4PL) Market Report with TOC @ http://arcognizance.com/report/global-logistics-services-3pl-and-4pl-market-2019-by-manufacturers-regions-type-and-application-forecast-to-2024
Market Segment by Manufacturers, this report covers
Market Segment by Regions, regional analysis covers
Market Segment by Type, covers
Market Segment by Applications, can be divided into
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Major Point of TOC:
Chapter One: Market Overview
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