Contract Logistics Market in the APAC Region 2015-2019
About Contract Logistics
Contract logistics is the outsourcing of various elements of logistics and distribution by companies to third-party logistics solutions providers. These providers are outsourced some or all supply chain management functions such as transportation, warehousing, location tracking, and integration operation services. Often, these providers go beyond logistics and provide VAS such as inventory management, cross-docking, door-to-door delivery, and packaging of products. The need for efficiency in delivery, inventory management, and freight forwarding is propelling the demand for contract logistics in the region.
TechNavio's analysts forecast the Contract Logistics market in the APAC region to grow at a CAGR of 7.15 percent over the period 2014-2019.
Covered in this Report
TechNavio's report, Contract Logistics Market in APAC Region 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers China, Japan, India, Australia, South Korea, and Others; it also covers the landscape of the Contract Logistics market in the APAC region and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
TechNavio Announces the Publication of its Research Report – Contract Logistics Market in the APAC Region 2015-2019
TechNavio recognizes the following companies as the key players in the Contract Logistics Market in the APAC Region: CJ Korea Express Corp., Deutsche Post DHL AG, Hitachi Transport System Ltd., Mitsubishi Logistics Corp. and Sankyu Inc.
Other Prominent Vendors in the market are: Allcargo Logistics, CEVA Logistics, C.H. Robinson, Gati, Global Logistics Properties, Hyundai Glovis, Kerry Logistics, Kuehne+Nagel, Nippon Express, Orix, Prologis, Sinotrans and TCI.
Commenting on the report, an analyst from TechNavio’s team said: “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.”
According to the report, the market is predominantly driven by the focus on core businesses. Customers are intensifying their capital and resources on their business and thereby making them to rely on third-party providers for their logistics needs.
Further, the report states that the limited use of technology and IT systems is one of the major challenges in the Contract Logistics market in the APAC region. There is a lack of compatibility between the IT systems of the shipper and the contract logistics provider. This incompatibility can result in huge communication gaps and a time lag. This can lead to a delay in services rendered by the 3PL provider, thereby reducing customer satisfaction.
CJ Korea Express , Deutsche Post DHL, Hitachi Transport System , Mitsubishi Logistics , Sankyu , Allcargo Logistics , CEVA Logistics, C.H. Robinson, Gati, Global Logistics Properties, Hyundai Glovis, Kerry Logistics, Kuehne + Nagel, Nippon Express, Orix, Prologis, Sinotrans, TCI
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