This industry research report outlines the market forecast and size of contract logistics in the Philippines. This research report examines the key market trends, drivers, and challenges that impact the market shares of the leading logistics players in the Philippines. The leading market players analyzed in this report include DHL, FedEx, UPS, and Forex Cargo
Technavio has released updated information on the contract logistics market, with the publication of its new market research report, contract logistics market in Philippines. The contract logistics market in Philippines is expected to grow at a CAGR of more than 12% between 2015 and 2019. High demand for electronic and hardware products in the Philippines market is spurring demand for contract logistics.
“Of late, the market is witnessing surge in export and import activities in the semiconductor and electronics industry. The Philippines market will also be going through a huge rise in the export demand for agro-based and mineral products, owing to the drop in sales of manufacturing and petroleum products in the international market. Increased shipments of products have boosted the demand for specialized logistics services, which include high-end logistics and supply chain solutions with various value-added services,” says Sharan Raj, Lead Analyst, Transportation & Logistics, Technavio Research
Companies have started outsourcing their logistics and other SCM-related services to minimise the operational expenses and to focus on their core businesses. By outsourcing their logistics services, the companies can skip the costs related to warehousing, vehicles, and machinery. The third-party logistic service providers offer value addition to the supply chain management (SCM) needs of shippers through customized solutions.
The key players dominating the contract logistics market in Philippines are DHL, FedEx, UPS, and Forex Cargo. These vendors compete in terms of price, delivery speed, reliability, and supply chain capacity. The element that provides a competitive edge in the market is the value added service (VAS) provided by vendors. Advances in logistics processes through the incorporation of IT will help vendors increase the efficiency and effectiveness of the services in the future.
A more detailed analysis is available in the Technavio report, Contract Logistics Market in Philippines 2015-2019.
We can customize this reports by other regions and specific segments upon request.
Other related reports:
- Global Logistics Market 2015-2019
- Global Bio Pharma Logistics Market 2015-2019
- Global Food Logistics Market: Research Report 2015-2019
- Contract Logistics Market in South America 2015-2019
- Global Clinical Trial Supply and Logistics Market 2015-2019
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