Business Logistics & SCM

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Opportunities exist for Third-party Logistics players in India May 4, 2007

Filed under: Business Logistics — TSBL @ 3:55 am

Executives recently interviewed* for UPS, the largest package delivery company and a leading global provider of specialized transportation and logistics, indicate that a key segment of Asia’s business leaders are more excited about the growth of India than they are China. In independent market analyst Datamonitor’s (DTM.L) opinion, the findings of the survey clearly show that opportunities exist for third-party logistics players (3PLs). According to Datamonitor, continued economic growth and an increase in trade will lead to ever increasing demands on supply chains. Indeed in its latest report, ‘India Logistics Outlook 2007’, outsourced logistics, at just above one-quarter of the entire $90 billion Indian logistics market, is slated to grow at a compound annual growth rate (CAGR) of over 16% from 2007-10. Realizing this potential in the contract logistics market, 3PL service providers are expanding their basket of services as companies are now looking for more than just transportation of their products and raw material.



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