You are here
Global Fourth Party Logistics Market - by Type, Application, Region - Market Size,Demand Forecasts, Company Profiles, Industry Trends and Updates(2018 - 2025)
Fourth Party Logistics Market - Segmented by Type, Application, Region | Market Size, Growth, Drivers, Trends, Industry Structure and Forecasts, Competitive Intelligence, Company Profiles | MarkGenes
The fourth part logistics is a recent time concept and is being adaptive by many companies. The fourth party logistics deals with acquiring, storing and transporting the resources to its end point. It also offers in the management of dynamic logistics, global orchestra, management of inbound raw material supply and demand driven logistics. It is superior to third party logistics in terms of functionality in customer services, storage, and reduction in overall operational cost, more flexibility, procurement and better distribution. The global fourth party logistics market was USD 4.49 billion in 2018 and is estimated to each USD 9.69 billion by 2025 at a CAGR of 11.62% during the forecast period
Growth by Region
Asia pacific region will account highest CAGR in the forecasted period while Europe and MEA together hold around half of the market share in 2018
Drivers vs. Constraints
The need of better management which can handle both insourcing and outsourcing is the major driver for the market. Over the years, the increase in operation complexities and high demand of customized solutions increase the market growth. The fourth party logistics improve the economies of scale, reduced supply chain cost and increase flexibility. The logistics makes sure that the manufactures focus on their core competencies and also reduce the capital requirements. All these benefits encourage the company to adopt the logistics, thus increasing market growth. However, the fear to lose the full control over the supply chain hinders the companies to adopt the logistics. At times, customer relationships are dismissed which hinder the market growth. Also, the resistance to adapt to change hinders the market growth.
Industry Structure and Updates
• May 2018 - C.H. Robinson announced the launch of its trans-Eurasian rail service between the cities of China and Europe. The new service provides new connections in the cities of Europe and china. With the new routes, customers experience sustainable service and wider coverage.
• January 2018 – merQbiz, an online marketplace for the buying and selling of recovered paper (RCP), announced its collaboration with C.H. Robinson, which will bring unmatched capacity, competitive real-time pricing and a powerful supply chain network to the platform. The collaboration will led to deep market knowledge and digital expertise of both companies to enhance the RCP transaction experience.
• March 2018 - DHL has announced its partnership with Accenture on blockchain technology which has the potential to transform the logistics industry. Global supply chains are complex, with a diverse set of stakeholders, varying interests. The company said that their partnership will track pharmaceuticals from the point of origin to the consumer, preventing tampering and errors.
Browse other Automotive reports at: https://markgenes.com/industry-reports/automotive
MarkGenes Business Consulting
2nd Floor, Aditya Enclave,
Hyderabad - 500033
MarkGenes is a Market Intelligence and Business Consulting firm with Market Research as its core combining unparalleled experience, comprehensive capabilities across all industries and business functions while putting together the teams with strong functional knowledge and technical expertise.
Syndicate Research Reports
Our syndicated market research reports provide detailed coverage and market intelligence on categories of various industries. These reports are focused for broader industry audience for market traction. Latest happenings are tracked by our category specialists and are updated / modified every year, these updates are sent to the purchased client on a quarterly basis till one year of purchase.
Customized Research Reports
Our customized market research reports are a requirement from a specific client which focus on a specific agenda. Our industry contacts with experts, coupled with internal category specialists ensure that the requirement is fulfilled. Our quick turnaround time means the client will have enough buffer time to take understand and take necessary actions.