Monday 12 January 2015

Demand for Professional Logistics Services Triggering Growth in the Contract Logistics Market in the APAC Region

Reportstack has announced a new market research report on  the Contract Logistics Market in the APAC Region 2015-2019.   Demand for professional logistics is a major trend emerging in the market. The market is witnessing need for high-end logistics and supply chain solutions with value-added services such as the assortment and grading of products, packaging, MIS services in the logistics supply chain, and other legal formalities necessary in the process. The Contract Logistics market in the APAC region is expected to grow at a CAGR of 7.15 percent during the period 2014-2019.

Due to constant economic growth, companies in the APAC region have shifted their focus toward their core businesses. Therefore, they have sold their logistics-related assets and begun outsourcing logistics. The range of VAS that a contract logistics provider offers its customers is the major differentiator from basic warehousing and transportation companies.
“Vendors in the market have an entire range of services such as GPS-enabled transportation trucks for tracking, RFID for inventory tracking, bar coding, and MIS-related services,”.

“These IT-enabled services increase efficiency of logistics services with respect to scheduling transportation and delivery, and inventory management.”
To define the market conditions in the next 3-4 years, the analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance. 

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