Contract Logistics Market in US - Technavio

Contract Logistics Market:WiseGuyReports.com adds “Global Contract Logistics Market Research Report 2020 Analysis and Forecast 2026” reports to its database.Executive SummaryGlobal Contract Logistics Market is valued approximately at USD 213 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 4.8% over the forecast period 2020-2026.

Contract logistics is defined as the set of comprehensive processes that starts from production to distribution at the final point of sale.

This means, contract logistics does not involve the process of transferring goods, as it is a broader course of action that integrates traditional logistics with supply chain management processes.

These tasks include a variety of activities ranging from designing facilities, distributing and transporting goods to planning supply chains and managing inventory, and even offering specific aspects of customer service.The most vital benefit of contract logistics is cost savings, either in the form of time or equity, thus, reducing the need to assemble a costly infrastructure.

Increasing e-commerce sector around the world, rise in demand for service integration & data management, and the inclination of manufacturers towards more flexible solutions are the few factors responsible for high CAGR of the market over the forecast period.

The pandemic has generated a supply shock across the world that cause an acute disruption in supply chain, therefore hampering the demand of contract logistics.

August 20, 2019: CEVA Logistics has renewed its contract with Borr Drilling for another year till August 2020.

The companies have been working together since Borr's inception in 2016.

"There were a number of key highlights to this contract retention including CEVA's overall value proposition, our consistency in managing Borr Drilling's operational needs and our ability to react and support during emergencies and out of hours," said Marcelo Franceschetti, executive vice president global energy sector, CEVA.

Borr extended the contract considering the global scope of CEVA’s Rig Hub logistics concept located in Houston, Aberdeen, Amsterdam, Singapore and Dubai combined with its global operational governance.

"We have delivered a number of specialist logistics services serving both rig supplies and project cargoes across the globe and we are delighted to continue our partnership with Borr Drilling for another year,” added Franceschetti.

Borr Drilling owns and operates jack-up rigs of modern and high-specification designs providing drilling services worldwide in water depths up to approximately 400 feet.

Robert Berganus has joined Imperial Logistics International as the chief operating officer (COO) contract logistics, effective today.Based in Zurich and Duisburg, Berganus will be responsible for contract logistics operations across the business' key industry verticals, reporting to CEO Hakan Bicil.Link for article

Logistics Automation Market -OverviewThe mushrooming of e-commerce companies in several regions is estimated to change the automation in logistics market in 2020.

The software reports are formed by Market Research Future, which comprises of market alternatives for advancement.

The upgradation in the supply chain is being undertaken to reduce shipping cost, which will further propel the automation in logistics market.Segmental Analysis The segmental assessment of the automation in logistics market is segmented on the basis of component, organization size, application, end-user and region.

The hardware segment is further segmented into sorting and picking systems, automated guided vehicles, mobile devices, and others.

On the basis of regions, the automation in logistics market has been segmented into Europe, North America, Asia-Pacific, and the rest of the regions.Detailed Regional Analysis The regional study of the automation in logistics market includes regions such as Europe, North America, Asia-Pacific, and the rest of the regions.

The North American region is an early adopter of the technology, which has cemented its position at the vanguard of development in the global market.

Glycol ethers facilitate the contact brought about by sliding plastic.

It works on surface existence of hard-wearing surfaces.

It settles hard water stores.

In the drug business glycol ethers are utilized as a humectant in tablet and case shells.

They make the item waterproof by diminishing porousness and in this manner diminishing the vehicle of dampness into the material.

This property of penetrability is extremely valuable in forestalling oil, oil, and soil from infiltrating the material.

Warehouse space is effectively sold out in the U.S as demand has pushed the vacancy rate to a new low of 3.9 percent.

"What is available is increasingly more expensive.

Logistics customers must move fast to lock down space," Prologis, a global leader in logistics real estate, said in its update on Industrial Business Indicator (IBI).Strong retail sales and supply chain challenges are driving urgency in leasing, Prologis said.

Net absorption reached a record high of 115 million square feet (MSF) in Q3 and 280 MSF year-to-date — more than double the same period last year.Read More...www.logupdateafrica.com 

Need an international fulfilment and logistics strategy which will ensure your orders are delivered to your export market on time and on budget.

Then you must contact Joe Corcoran, who is a logistics and fulfilment strategy expert at Ireland.