The global third-party logistics market in Japan was valued at USD 15 billion in 2016 and is expected to surpass USD 18 billion by 2021, says Technavio.
Technavio has announced its latest market research report on the 3PL market in Japan, under its logistics portfolio. This market analysis discusses the major drivers and key emerging trends and offers an analysis of key vendors like Global Logistic Properties (GLP), Kintetsu World Express (KWE), Sagawa Express, Yamato, and Hitachi Transport System.
According to Sharan Raj, a lead analyst for logistics research at Technavio, “Increasing cross-border e-commerce trade between China and Japan is one of the primary drivers for the growth of the 3PL market in Japan. The growing trade has led to many 3PL providers expand their services in Japan. ”
For instance, Rakuten, one of the known e-retailers in Japan, has expanded its business in China due to this rise in cross-border trade. Similarly, NIPPON EXPRESS united with Alibaba to ship Japanese goods from China at low costs. Moreover, the 3PL companies handle the routine necessities for all the businesses operating through Tmall.com, which is an online retail store, operated by Alibaba Group in China. They also have plans to implement automated process for submitting required documents to the Chinese government.
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Technological advances by 3PL providers in Japan
3PL companies are progressively capitalizing in IT and applying cutting-edge technologies to its processes. With advances in technology, the IT gap has been plugged to a considerable extent, which has resulted in the increased visibility of third party logistics. Several vendors in the market are using the cloud-based solution Software-as-a-Service (SaaS) to provide robust, real-time access to data and allow timely updates on the status of logistics processes for customers.
Increased number of value-added services
Value-added services involve highly complex processes and are provided in clusters. The services comprise of labeling, customized packaging, and time-definite deliveries. The labels are integrated with RFID technology and barcode system for easy traceability of product until it reaches the customer.
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This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. This market study also provides a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘3PL market in Japan 2017-2021‘. Technavio also customizes reports by other regions and specific segments upon request.
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