Reportstack has announced a new market research report on the Logistics Market in China 2015-2019. Value-added services offered by vendors are one of the key trends upcoming in this market. Demand for specialized logistics services provides logistics vendors with the flexibility and storage capacity to transport large and bulky goods to different places. The Logistics market in China is expected to grow at a CAGR of 11.67 percent during 2015-2019.
Most of the corporates prefer to manage logistics activities in-house owing to lower costs. With a continuous drive to lower costs through the sophistication of technology and infrastructure, the Logistics market in China provides immense potential for logistics players to provide value-added services. Increasing demand for companies providing comprehensive SCM services and growing outsourcing by corporates will propel the growth of the 3PL market in China. Demand for logistics providers with a core competence in logistics functions, especially in transportation management, has increased. This is attributed to the fact that they have their own supply chain system tracking details of their in-house distribution processes.
“The need for specialized logistics services has increased rapidly over the years. These services involve the provision of high-end logistics and supply chain solutions with value-added services such as the grading and assortment of products, packaging, and MIS services,”.
“Companies outsource these logistics services to other logistics service providers. With the help of these outsourcing services, companies availing logistics services are able to serve their customers more efficiently.”
To define the market conditions in the next 3-4 years, the analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
Complete report available @ Logistics Market in China 2015-2019.