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The requirement for outsourced logistics is growing



Steadily, one can observe that, with growing production and trade in most of the regions, the requirement for outsourced logistics is growing.
In effect, the market is localized and fragmented with many establishments catering to each logistics sub-segment. The market is composed of both big and small players but is largely dominated by SMEs.
“Several companies are entering into mergers and acquiring companies, leading to a consolidation in the market. Competition is therefore intensifying, and vendors are seeking an edge by constantly adapting to the changing marketplace,” says Shakti Jakhar, a lead logistics research analyst from Technavio.

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