Global Consumer Packaged Goods (CPG) Logistics Market to grow at a CAGR of 5.98% during the period 2016 - 2020; Finds New Report

Report forecast the global consumer packaged goods (CPG) logistics market to grow at a CAGR of 5.98% during the period 2016-2020.

CPG logistics is a business process that involves the management and movement of consumer packaged goods from the point of origin to the point of consumption. It is a core part of supply chain management (SCM) and includes services such as freight forwarding and multimodal transport through air, ship, truck, and rail. It also provides customs brokerage, warehousing and storage, tracking, and tracing of freight goods services.

The report covers the present scenario and the growth prospects of the global consumer packaged goods (CPG) logistics market for 2016-2020. To calculate the market size, the report considers revenue generated by contract logistics service provider for the CPG industry.

The market is divided into the following segments based on geography:

• Americas
• APAC
• EMEA

According to the report, a key growth driver is the increased outsourcing of logistics services. Building a logistics infrastructure is a capital-intensive process and the investment is blocked for a long time. Therefore, companies outsource their logistics services to reduce operational costs. The outsourcing of logistics and other SCM-related operations to contract logistics or 3PL providers allows CPG companies to improve the efficiency of their business by focusing on their core competencies. Shippers achieve huge savings by avoiding expenses related to warehousing, vehicles, and machinery. 3PL providers also offer value addition to the SCM needs of shippers by customizing services as per requirements. This allows shippers to outsource their logistics requirements and carry out the remaining functions in-house.

Further, the report states that one challenge that could restrict market growth is high operational costs and competitive pricing. With increasing demand for value-added services and specialized professional supply chain solutions, the CPG logistics industry is becoming highly competitive in terms of the pricing of services.

Global Consumer Packaged Goods (CPG) Logistics Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global consumer packaged goods (CPG) logistics market: Agility, CEVA Holdings, Deutsche Bahn, Expeditors, FedEx, Ryder System, Schneider National, UPS, and UTi Worldwide.

Other Prominent Vendors in the market are: APL Logistics, C. H. Robinson, Eagle Global Logistics, Exel, Menlo Worldwide, Nexus Distribution, Nippon Express, NYK Logistics, Panalpina, Penske Logistics, and Star Distribution Systems.

Market driver

• Increase in outsourcing of logistics services
• For a full, detailed list, view our report

Market challenge

• High cost of operation and competitive pricing
• For a full, detailed list, view our report

Market trend

• Dominance of integrated service providers
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 79 pages and 51 Exhibit “Global CPG Logistics Market 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by logistics services, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

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