Fourth Party Logistics Market : Redefining Collaboration and Efficiency in Supply Chain Management

Allied Market Research published a report, titled, "Fourth Party Logistics Market by Type (Industry Innovator Model, Solution Integrator Model, Synergy Plus Operating Model), by End User (Aerospace & Defense, Automotive, Consumer Electronics, Food & Beverages, Industrial, Retail, Healthcare, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031". According to the report, the global fourth party logistics industry generated $57.9 billion in 2021, and is anticipated to generate $111.7 billion by 2031, witnessing a CAGR of 6.7% from 2022 to 2031.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 : https://www.alliedmarketresearch.com/request-sample/3120

For instance, in August 2021, Primary Connect entered into a partnership with Walter & Wild, a leading food manufacturing company, to manage the collection & distribution of Walter & Wild's brands, such as Hubbards, I Love Food, Aunt Betty's, Hansells, Vitafresh, and Alfa One across storage facilities in New Zealand. The partnership serves as a great opportunity for Primary Connect to improve efficiencies for Walter & Wild with reduced transport costs by consolidating pick-ups from Walter & Wild's Christchurch storage facility.

In addition, the fourth party logistics market has witnessed significant growth in recent years, owing to the improved customer service, reduction in operating costs, and emergence of a large number of manufacturers & regional logistics operators. Furthermore, the companies operating in the 4PL market have adopted partnerships, acquisitions, and business expansions to increase their market share and expand their geographical presence. For instance, in November 2021, Rhenus Group acquired Global Net Logistics, an international freight forwarder company based in Texas, U.S., to strengthen its road freight services and air & ocean solutions in the southwest region of the U.S. and provide door-to-door solutions to the customers.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 : https://www.alliedmarketresearch.com/fourth-party-logistics-market/purchase-options

Increase in demand for easy & effective supply chain system and increase in the complexities in the operation process propel the growth of the fourth party logistics market. In addition, rise in demand for customized solutions is also expected to drive the market growth. However, reluctance of companies to outsource the logistics function and changes in logistics regulations in different countries are expected to hinder the growth of the market. Further, increase in demand for consumer electronics and growth in the e-commerce market are anticipated to foster the market growth.

𝐊𝐄𝐘 𝐅𝐈𝐍𝐃𝐈𝐍𝐆𝐒 𝐎𝐅 𝐓𝐇𝐄 𝐒𝐓𝐔𝐃𝐘 :

By type, the industry innovator model segment dominated the global fourth party logistics market, in terms of growth rate.

On the basis of end user, the consumer electronics segment is anticipated to exhibit a remarkable growth during the forecast period.

By region, Europe is anticipated to exhibit a remarkable growth during the forecast period.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 : https://www.alliedmarketresearch.com/purchase-enquiry/3120

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 :

4PL Group
4PL Insights
Allyn International Services, Inc.
C.H Robinson Worldwide, Ltd.
CEVA Logistics
DAMCO
DB Schenker
Deloitte
Deutsche Post AG
GEFCO Group
Global4PL Supply Chain Services
Logistics Plus Inc.
Panalpina World Transport
United Parcel Service, Inc.
XPO Logistics, Inc.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 :

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