Press release
FMCG Logistics Market | How Top Companies are Strengthening Its Business during the COVID-19 Pandemic| Key Players - C.H. Robinson Worldwide, Inc., CEVA Logistics, DB Schenker, DHL International GmbH, FedEx
FMCG logistics solutions deal with the transportation of fast-moving consumer goods (FMCG). FMCG includes food &beverages, personal care, home care, and other consumables. FMCG logistics include transportation, warehousing, and value-added services offered by logistics vendors to FMCG companies. FMCG manufacturers adopt collaborative logistics solutions to deliver product to stores faster and cost-effectively. In the FMCG logistics market, consumers expect fast order fulfilment through multiple channels. Fast order fulfilment is done through outsourcing their logistics operations, which also saves time and money of consumers. Therefore, this fuels the growth of the FMCG logistics market.
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COVID-19 scenario analysis:
• COVID-19 has rapidly affected the production processes of the FMCG industry, thus hampering the growth of the FMCG logistics market.
• The market was expected to register significant growth with increase in disposable income of people, but due to COVID-19, the market is expected to decline in the near future.
• Sales play a major role in the FMCG sector and industries are facing a slower production.
• Lockdown and high demand for online purchases have led to the increase in the price of products.
• COVID-19 resulted in shutting down of all the businesses. This reduced the disposable income of people, there by decreasing the demand for FMCG products.
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Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis
Top impacting factors that result in the growth of the FMCG logistics market are increase in adoption of technology in the logistics industry and change in lifestyles with rapidly evolving consumer habits. However, storage cost and risk of perishable items hamper the growth of the market. Furthermore, distribution facilities and locations along with strong supply chains provide lucrative opportunities for the FMCG logistics market.
Increase in adoption of technology in the logistics industry
Increased adoption of technology in logistics has increased the speed of the delivery of FMCG products. The FMCG logistics market helps consumers by informing them about the product delivery and time. In addition, it informs customers about all the things from order confirmation to order fulfilment, there by resulting in the growth of the FMCG logistics market.
Change in lifestyles with rapidly evolving consumer habits
With the changes in lifestyle of consumers and their habits, the FMCG logistics market is facing an increase in demand. Earlier, consumers used to buy the products by going to the shop; however, now changing habits have resulted in online ordering and online processes. These processes are expected to drive the growth of the FMCG logistics market in the coming years.
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Key benefits of the report:
• This study presents the analytical depiction of the FMCG logistics market along with current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the FMCG logistics market share.
• The current market is analyzed from 2020 to 2027 to highlight the FMCG logistics market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed analysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in the automotive e-commerce market research report:
• Which are the leading market players active in the market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities of the market?
• What are the projections for the future that would help in taking further strategic steps?
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