Project Logistics Market Is Booming Worldwide | BT Transport & Logistics, Tiger logistics Ltd., Freight Tiger, Kuehne + Nagel

Project logistics involve integrated process of planning, organization, managing, processing, and controlling the complete flow of goods, materials, and information. These are associated with the successful completion of a project. Dealing with cargo of peculiar dimensions is always a challenge for a transporter. Cargo with larger dimensions requires a completely different set of equipment, infrastructure, and experienced personnel. However, increasingly, shippers and service providers are becoming more sophisticated in the transportation of oversized and heavyweight shipments. Moreover, manufacturing complexity adds to the challenge. Parts and modular packages are being produced in far-flung parts of the world, then shipped to final destinations.

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COVID-19 SCENARIO ANALYSIS

Logistics firms, which are involved in the movement, storage, and flow of goods, have been directly affected by the COVID-19 pandemic.

Supply chain disruptions to the sector caused by the pandemic could, therefore, impact competitiveness, economic growth, and job creation.

With the loosening of lockdown across the country, the sector is set to bounce back.

The impact of COVID-19 on the logistics sector is quite clearly visible in this heat map of trucking movement across the country.

Project logistic is ultimately dependent on other industries resuming operations and reaching previous levels of activity.

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Top impacting factors: Market scenario analysis, trends, drivers and impact analysis

The significant factors impacting the growth of project logistics market are technology advancement in mode of transportation services and collaborative logistics approach. However, problem related to logistics and players require high initial capital investment, which hampers the growth of the automotive project logistics market. On the other hand, usage of driverless vehicles and increase in usage of block chain for efficient logistics operations will fuel the growth of the project logistics market.

Technology advancement in mode of transportation services

Advancements in digital technologies and changing consumer preferences due to e-commerce are expected to lead the transformation of the Indian logistics ecosystem. Thus, technological up gradation leads to the growth of these project logistics market in near future.

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Collaborative logistics approach
Collaborative logistics is said to be achieved when two or more organizations enter into a partnership. Purpose of collaboration is optimization of operations related to logistics by sharing of equipment, vehicles, information or carriers to reduce the costs. Thus, logistics approach leads to the growth of project logistics market in near future.

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