CONTRACT LOGISTICS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

The contract logistics market faces challenges in terms of lack of skilled workforce. With the rising demand for complex logistic needs from manufacturing and retail industries, there is dearth of talent pool with capabilities of handling advanced technologies like robotics, artificial intelligence etc. Logistics companies find it difficult to hire and retain talent leading to increased operational costs.

Market Opportunities: Expansive Growth Potential in the Contract Logistics Market

The contract logistics market possesses tremendous opportunities for growth and expansion. With continuing globalization and outsourcing trends, third party logistics providers can leverage their expertise and invest in advanced capabilities to gain more business. Growing e-commerce and omni-channel retailing has opened new avenues for logistics players. Integration of new technologies allows them to offer value added services and ensure seamless fulfilment. This will help win new customers and ensure higher revenue streams.