Global logistics consulting market was valued at US$ 16,755.4 million in 2020 and is expected to reach US$ 35,775.5 million by 2028 growing at an estimated CAGR of 9.9% over the forecast period. Any business will only grow if it is successful in catering the demands of its consumers that too within a specific period of time and in order to do so, it needs to have a strong and robust supply chain. COVID-19 is disrupting global distribution on a scale unseen in recent times. Increased border controls and customs regulations resulting in longer wait times, and lack of capacity for long-haul and last-mile fulfilment are creating extreme challenges for logistics organizations. As a result, organizations have to quickly adapt by accelerating their digital transformation agendas. Driven by heightened consumer expectations from interactions with online retailers like Alibaba and Amazon, logistics businesses have started to introduce capabilities like end-to-end inventory visibility, real-time order monitoring, and super reverse logistics experiences. Incumbent businesses are being forced to innovate and adopt new digital tools faster than ever to minimize disruptions. Leaders must take urgent action to respond to new conditions, support the workforce and sustain business operations. But they should also use this opportunity to reset their operations with digital capabilities and renew their logistics operating models. This reset will help increase operational efficiency and effectiveness.
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Currently, logistics consulting firms are catering to all kinds of businesses irrespective of their size and this is what has been driving the market. These companies that operate on various levels have managed to carve a niche for themselves as they have been able to deliver solutions to meet the requirements for their clients. The logistics consulting market not only help their clients optimizing costs of their products by cutting down additional expenses but also enhance their efficiency. Hassle free distribution system automatically results in increased profitability along with developing of better relationships with the clients.
Another driving factor for the logistics consulting market is the strong rate of adoption. With technological advancements and increased use of innovative applications, the market is likely to go upwards. While better scalability owing to service quality and download of varied data makes the logistics consulting services largely effective, factors like lack of security, reliability and privacy could prove hindrance to its growth.
Emergence of IT companies and increasing use of EVs in the field of logistics is no less than a boon for this industry. Currently, EV giant Tesla is joining hands with several logistics consulting companies in an attempt to understand the market. Similarly, the Alphabet-owned Google has already commenced use of drones to facilitate deliveries. In the post-COVID era, the contactless delivery is most likely to be the need of the hour; the logistics consulting companies will surely have a larger role to play.
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The detailed research study provides qualitative and quantitative analysis of logistics consulting market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Key Findings of the Report:
- The logistics consulting firms today are catering to a variety of clients including the governments, defense, telecom & IT, automotive, retail and healthcare. These enterprises account for most of the revenue generated by this market.
- Current COVID-19 pandemic situation could be a blessing in disguise for the logistics consulting market as smarter solutions in the times of several trade restrictions is the need of the hour.
- Strong adoption rate among buzzing business is one of the driving factors for the logistics consulting market
- Logistics consulting companies are also helping SMEs to create more value, hence this sector accounts for this markets' highest CAGR
- The major players operating in the logistics consulting market include Deloitte Touche Tohmatsu Limited, Accenture, Capgemini Services SAS, PwC, IBM Corporation and Boston Consultancy Group amongst others.
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Logistics Consulting Market
By Zone
-
- Regional
- National
- Global
By Offerings
-
- Strategy and Tactics
- Material Handling
- Procurement and Outsourcing
- Stores and Inventory Management
- Transport Modelling and Network Costing
- Tactical Stock Locations
- Integrated Inventory Control
- Vendor Management
- Vendor Support Operations
- Inbound and Outbound Logistics Management
- Performance and Cost Measurement
- Technology Implementation
- Others
By Organization Size
-
- Small and Medium Sized Enterprises
- Large Enterprises
By End Users
-
- Freight Forwarders
- Distribution Companies
- Third Party Logistics Companies
- Others
By Industry Verticals
-
- Chemicals and Materials
- Trade
- Engineering
- Automotive
- Pharma and Healthcare
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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