About Elastic Logistics
Elastic logistics is a model of conducting business that is flexible and agile enough to upscale or downscale according to the demands of the market. It enables the supply chain operations to expand or shrink in almost real-time, based on projected events in the market. Elastic logistics helps to optimize routes for faster delivery and enhanced transport efficiency as well as reduces over-manufacturing and overstocking.
Attributes | Details |
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Study Period | 2019-2029 |
Base Year | 2023 |
Unit | Value (USD Million) |
Global Elastic Logistics is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching Services. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Elastic Logistics market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
DHL (Germany), DCL Logistics (United States), Redwood Logistics, LLC (United States), Mecalux (Spain), MIXMOVE (Norway), FedEx (United States), LogiNext (United States), Locus (United States), UPS (United States) and ElasticRun (India) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Oracle (United States), 4tigo (India) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Elastic Logistics market by Type (Supply Logistics, Distribution Logistics, Production Logistics and Reverse Logistics), Application (3PL, Carriers and Service Providers and Shippers) and Region.
On the basis of geography, the market of Elastic Logistics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Product Seasonality and Reverse Logistics and Increasing Focus on Technology and Introduction of Technologies like AI, IoT, Analytics, and Drones
Market Growth Drivers:
Growing Preference towards Increase Efficiency at Multiple Checkpoints of Supply Chain, Increasing Adoption of Transportation Management Systems (TMS) to Manage and Optimize their Transportation Fleets and Rising Unpredictable Demand Fluctuations, along with the Increasing Need to maintain Excellent user Experiences
Challenges:
Lack of Awareness among Population
Restraints:
Concerns Related to the Imbalanced Logistics of Supply and Demand
Opportunities:
Companies Rely on the Logistics Partners to streamline their Logistics Systems can create Opportunities for the Market Growth and Raises the Need for Businesses to Become More Agile in their Operations and Processes
Market Leaders and their expansionary development strategies
In October 2023, DHL Group has now completed the acquisition of Turkish parcel delivery company MNG Kargo and its subsidiaries to boost its European e-commerce business.
In September 2021, The global contract logistics company DHL Supply Chain launched its India Fulfilment Network (IFN), in Bangalore and announced that it will invest more than USD 25 crore to further scale this network across major metros and state capitals in the country over the next 12 months.
Key Target Audience
Elastic Logistics Providers, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.