Press release
Fourth Party Logistics Market - Impact of Covid-19 & Benchmarking the Sudden Strategy Change by C.H Robinson Worldwide, Accenture Consulting, XPO Logistics, 4PL Insights, Panalpina World Transport, Deloitte Touche
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Logistics can be defined as the management of acquiring, storing, and transporting of resources to its final destination. Fourth party logistics is the most innovative form of outsourcing and has rapidly been gaining popularity since past few years. The fourth party logistics also has a lot to offer in the management of inbound raw material supply, dynamic logistics, demand driven logistics, and global orchestrator.
Major functions of fourth party logistics include procurement, storage and distribution. In addition, improved customer services, reduction in overall operating cost, and more flexibility are some of the advantages of fourth party logistics.
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The need of an economic and effective management system, which has benefits of both in and outsourcing majorly drives the market growth. In addition, increase in complexities in operation process and rise in demand for customized solutions also boosts the market. However, reluctance of companies to outsource the logistics function hinders the growth of the market. Most of the companies just refuse to embrace this concept because of the fear, they will not have full control over supply chain.
The key players in the fourth party logistics market include C.H Robinson Worldwide, Ltd., Accenture Consulting, XPO Logistics, Inc., 4PL Insights, LLC., Panalpina World Transport (Holding) Ltd., Deloitte Touche Tohmatsu, Global4PL Supply Chain Services, 4PL Group, Logistics Plus Inc., and CEVA Logistics.
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Key Benefits
o The study provides an in-depth analysis of the global fourth party logistics market.
o The report outlines current and future trends to assess market attractiveness.
o Porters Five Forces model illustrates the potency of the buyers & suppliers participating in the market.
o Quantitative analysis of the current market and estimations through 2017-2023 are provided to showcase the financial caliber of the market.
o The report provides information regarding key drivers, restraints, and opportunities.
Fourth Party Logistics Market Key Segmentation:
By Type
o Synergy Plus Operating Model
o Solution Integrator Model
o Industry Innovator Model
By Region
o North America
o Europe
o Asia-Pacific
o LAMEA
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Key Players
o C.H Robinson Worldwide, Ltd.
o Accenture Consulting
o XPO Logistics, Inc.
o 4PL Insights LLC
o Panalpina World Transport (Holding) Ltd.
o Deloitte Touche Tohmatsu
o Global4PL Supply Chain Services
o 4PL Group
o Logistics Plus Inc.
o CEVA Logistics
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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