Saturday, August 23, 2014

Global Logistics Sector to Grow 3% Annually

Companies should adapt to new market trends 

that pose challenging demands. By 24/7 Staff



The global logistics industry, which reported 981 billion euro ($1301 billion) revenue in 2011, is expected to grow up to 3 per cent per year till 2020, according to Global Logistics Markets-Trend Analysis, report by Roland Berger Strategy 
The report said logistics companies should adapt to new market trends that 
pose very challenging demands.
“The logistics industry is presented with new opportunities, such as the 
growing importance of intra-regional markets, the expansion of e-commerce 
and in providing specialised services to a range of industry sectors,” the 
report said.
“The volatile market environment, the ever-stronger online market, the shift 
in markets towards Asia, and the growing demand for special transport 
services necessitate new corporate strategies and considerable investments 
on the part of logistics providers,” said Dirk Friebel, logistics expert at Roland 
Europe/CEE, US and Asia are the centers of gravity for global trade 
flows –Intraregional trade in Asia and Europe is growing stronger
Global trade 2011 [USD bn] and growth 2010-11, selected regions[%]

Source: WTO; Roland Berger analysis
According to the report, at present China, Japan and India figure most 
prominently in the Asian contract logistics sector.
However, alongside China, other emerging countries such as Indonesia, 
Thailand, Malaysia, the Philippines and Vietnam will grow markedly up to 
2017 by more than 10 per cent per year.
Although Southeast Asia has emerged as a new logistics cluster, the local 
infrastructure has yet to attain western standards for quality, the report said.
“Apart from Singapore and Hong Kong, the region urgently needs investment 
to improve its transport infrastructure,” said Alexander Doll, Co-CEO of 

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