Third-party Manufacturing Logistics Witnessing Progressive Growth in Automotive Industry
Logistics is the core area of the third-party logistics (3PL) firms and their proficiency in these areas is always superior to that of the core companies. Since the past few years, Saudi Arabia has made progress in improving its logistics services, and the relevant infrastructure & traceability in order to meet world-class standards. The processes for import and export processes are more reorganized and governance regulations and structures are being reformed. KSA is also pursuing the public-private partnerships for both, to finance the infrastructure and for acquiring the capabilities from the other leading logistics markets.
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Some Major Companies included in the Third Party Manufacturing Logistics Industry
- C.H. Robinson Worldwide, Inc.
- CEVA Logistic
- DB Schenker
- DHL International GmbH
- EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.
- KANE LOGISTICS
- KUEHNE+NAGEL
- NIPPON EXPRESS CO., LTD
- UPS SUPPLY CHAIN SOLUTIONS
- XPO LOGISTICS
The third-party manufacturing logistics is referred to as logistics services provided by the 3PL companies for carrying out manufacturing services. The third-party manufacturing logistics market is fragmented with the presence of some of the well-established as well as some of the emerging players in the market. The increasing trading activity due to the globalization is one of the major factors supporting the growth of third party manufacturing logistics services market.
The inclination of manufacturing companies on reducing assets and emphasize on core business
The services offered by 3PL firms add substantial value to the manufacturing companies. These firms help different companies to reduce weak points that outcomes in loss of revenue or profits and further help to assure maximal profitability. 3PL companies specialize in several logistics operations that offer network analysis, mode network optimization, warehousing, management of vendor compliance, and other logistic operations. In contrast with this, it is challenging for the core companies to gain such logistic expertise such as inventory management & storage, contract packaging, assembly needs, or shipping, etc. in every business division. Thus, choosing a 3PL firm, the company is basically opting for experts in logistics.
The "Global Third Party Manufacturing Logistics Market Analysis to 2027" is a specialized and in-depth study of the third party manufacturing logistics market with a special focus on the global market trend analysis. The report aims to provide an overview of third party manufacturing logistics market with detailed market segmentation by type, application, end-use industry and geography. The global third party manufacturing logistics market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading third party manufacturing logistics market players and offers key trends and opportunities in the third party manufacturing logistics market.