Logistics and Shipping Market Research Reports Analysis and Trends
Logistics & Shipping industry mainly manages the transfer of goods from source to destination. The main activities in this industry include warehousing, inventory management, packaging, material handling, transportation, shipping security, supply chain management, customs service and procurement.
In most of the industries, logistics and shipping is an essential component of the supply chain and value chain for any successful business. All manufacturing companies in order to distribute their products must require logistics and shipping activities.
Transportation networks such as road transport, railroad, air transport and water transport are the various segments of the Logistics and Shipping industry infrastructure.
China, US, UK, France and UAE are the top countries in logistics. Some of the emerging countries in this industry are India, Brazil, Mexico, Turkey and South Africa are some of the emerging countries in this industry.
Logistics and Shipping Industry Current Trends
In the Logistics and Shipping industry, globalization and outsourcing are important trends, since both these approaches reduces their operational costs which in turn help logistics and shipping players.
Globalization via global distribution and marketing activities helps the industry players in global expansion and also provides long and complex supply chain to the logistics and shipping companies worldwide.
Whereas by outsourcing, more players would be involved in the supply chain, due to which third-party logistics (3PL) players and fourth-party logistics (4PL) players will be increased. It will also allow other manufacturing companies from other industries to collaborate with the logistics and shipping companies so that logistics can be provided to the manufacturing companies.
For easy shipping and logistics activities in domestic and global level, manufacturing companies of various industries have mainly started to operate their manufacturing units in the location where they would be benefited through various different modes of transportation, due to which supply chain activities have increased and in turn also creating major growth for logistics service providers.
Because of the increase in manufacture as well as consumption of finished goods mainly due to increased consumer’s need and demand, there is an exponential demand for warehousing which has become the latest trend in this industry.
Currently, logistics is all about transparency and the exchange of information. The third-party logistics providers not only provides information about the moving goods, but also provides information about the status of parts they ship for MRO (Maintenance, repair, and operations) and OEM (original equipment manufacturer) customers.
Major Industry Players
2-J Supply Company, 24/7 Express Logistics, AAA Movers, AES Logistics, Barrett Distribution Centers, Direct Transport Systems, CargoBarn, England Logistics, Fulfillment Strategies International and others.