Logistics Market for Apparel Contract Manufacturing Industry in Europe 2018-2022
About Logistics for Apparel Contract Manufacturing Industry
The report focuses on logistics players providing services such as transportation, warehousing, and other value-added services to the apparel contract manufacturing industry in Europe.Technavio’s analysts forecast the logistics market for apparel contract manufacturing industry in Europe to grow at a CAGR of 13.96% during the period 2018-2022.Covered in this report The report covers the present scenario and the growth prospects of the logistics market for apparel contract manufacturing industry in Europe for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – logistics market for apparel contract manufacturing industry in Europe
Technavio recognizes the following companies as the key players in the logistics market for apparel contract manufacturing industry in Europe: DB Schenker, Deutsche Post DHL Group, DSV, CEVA Logistics, and KUEHNE+NAGEL.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is new vendor selection and evaluation criteria adopted by customers. The new vendor selection and evaluation criteria adopted by customers will drive the growth of the logistics market for apparel contract manufacturing industry in Europe. Logistics players in the apparel supply chain market witness extensive competition due to the wide scope of outsourcing international and domestic operations.”
According to the report, one driver in the market is shift of apparel manufacturing from Europe to Asian countries. Manufacturers are recently shifting their manufacturing bases from Europe to the developing Asian countries, due to the increasing cost of manufacturing in Europe. High manufacturing costs consist of raw material cost, labor costs, procurement cost, and factory operation cost.
Further, the report states that one challenge in the market is risk of inventory liabilities in contract manufacturing. Inventory liability is the prominent risk associated with all contract manufacturers including apparel contract manufacturers. Though inventory is a part of the asset in a company’s balance sheet, technically, inventory is a liability as a high inventory is more sensitive to financial risks.
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