London, 19 November 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Groceries Logistics Market 2015-2019, which is expected to grow at a CAGR of 5.50 percent during the forecast period of 2014-2019.
The Global Groceries Logistics market is driven by factors such as the intense competition among logistics service providers, emergence of new business models of several companies such as DHL Logistics and Greatwide Logistics, and innovative packaging solutions for the groceries items. Overall, most of the growth is because of international expansion. Groceries logistics helps manufacturers, suppliers, and retailers get inventories directly from agriculture fields or manufacturing plants.
“Using the hub and spoke network system, transportation companies collect cargo from the origin point and transport it to a central processing facility, i.e., the hub,” says Faisal Ghaus, Vice President of TechNavio.
“The main advantage of these networks is that they improve shipment tracking. Usually, when packages are shipped from a source city, many cities are connected to the source through various routes.”
Key Market Drivers
- Increase in Tie-ups with E-commerce Retailers
- Rise in Disposable Income
- Increased Government Funding in Railway Sector
- Technological Advances
Key Market Trends
- Increased Use of Intermodals
- Hub and Spoke Logistics Network
- Usage of Temperature Tags on Perishable Goods
- Green Logistics
Key Market Vendors
- Greatwide Logistics Services LLC
- McLane Co. Inc.
- PSS Distribution Services Inc.
- US Xpress
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
