Fourth Party Logistics Market Strategic Outlook by 2027 | Allyn International Services, Inc.; United Parcel Service, Inc.; GEFCO Group; XPO Logistics

In terms of revenue, the global fourth party logistics market was valued at US$ 56,472.1 million in 2019 and is projected to reach US$ 78,981.5 million by 2027; it is expected to grow at a CAGR of 4.5% during the forecast period from 2020 to 2027.

A fourthparty logistics provider (4PL), also known as Lead Logistics Partner (LLP), offersa higher level of supply chain management for the customer. The 4PL provides its clients a controlling view of their supply chains, overseeing the mix of warehouses, shipping companies, and freight forwarders and agents. Typically, the 4PL does not own transportation or warehouse assets. Instead, it coordinates those aspects of the supply chain with vendors.

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Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.

Top Key Players Profiled in This Report:
Allyn International Services, Inc.; United Parcel Service, Inc.; GEFCO Group; XPO Logistics, Inc.; Deutsche Post AG; DB Schenker; DAMCO; Logistics Plus Inc.; GEODIS; and CEVA Logistics AG

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Impact of COVID-19 Pandemic on Fourth party logistics Market

Logistics and transportation is an essential element for the smooth operations of any industry including FMCG, healthcare, and retail, among others. Countries such as the US are the major countries toadopt the fourth party logistics services. The interruptions in supply chains and logistics operation due to COVID-19 outbreak is affecting the growth of key market players operating in the North America region. Around 70% of the freight that is shipped fromthe US comes by road transportation and the restrictions posed by various state governmentsin terms of goods and people movement is causing shortage of labor and manpower that is required for proper functioning of transportation network in the country. The inter country trade between the US, Canada, and Mexico is also getting affected due to restrictions impose by various governments to mitigate the spread of COVID-19 in their respective countries. Hence, the ongoing COVID-19 crisis and critical situation in the US is going to negatively impact the fourth party logistics market growth in North America at least for the next two to three quarters.

Fundamentals of Table of Content:
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered
2 Global Growth Trends
2.1 Fourth Party Logistics Market Size
2.2 Fourth Party Logistics Growth Trends by Regions
2.3 Industry Trends
3 Market Share by Key Players
3.1 Fourth Party Logistics Market Size by Manufacturers
3.2 Fourth Party Logistics Key Players Head office and Area Served
3.3 Key Players Fourth Party Logistics Product/Solution/Service
3.4 Date of Enter into Fourth Party Logistics Market
3.5 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Product
4.1 Global Fourth Party Logistics Sales by Product
4.2 Global Fourth Party Logistics Revenue by Product
4.3 Fourth Party Logistics Price by Product
5 Breakdown Data by End User
5.1 Overview
5.2 Global Fourth Party Logistics Breakdown Data by End User

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