DUBLIN--(BUSINESS WIRE)--The "Australia 4PL Market Forecast to 2028 - COVID-19 Impact and Analysis - by Type and Application" report has been added to ResearchAndMarkets.com's offering.
The Australia 4PL market is projected to reach US$ 1,106.70 million by 2028 from US$ 824.35 million in 2021
Logistics refers to managing tasks such as collecting and storing resources, and transferring them to their ultimate destination. 4PL is the most cutting-edge type of outsourcing, and it has been rapidly gaining favor in recent years.
Fourth-party logistics providers offer services for inbound raw material supply management, dynamic logistics, demand-driven logistics, and global orchestration. Procurement, storage, and distribution are all important aspects of fourth-party logistics. They benefit businesses through improved customer services, lower overall operational costs, and greater flexibility.
The Australia 4PL market is growing with an increased demand for a seamless supply chain to improve efficiency. The Australia 4PL market is growing due to an increase in demand for a seamless supply chain to improve efficiency. The introduction of the fourth-party supply chain eliminates most of the bottlenecks in complicated supply chains.
Further, the Australia 4PL logistics solutions are gaining popularity in an increasingly large number of industries in Australia, including the automotive, retail, food & beverages, healthcare, and consumer electronics sectors. Retailers, for example, build a parallel supply chain to meet both offline and online demands with the flourishment of the e-commerce sector and the digitalization of infrastructure in emerging economies.
Australia 4PL market assist retailers in gaining a strategic view and better visibility of their inventory, allowing them to distribute supplies based on and in response to their customers' changing needs. As a result, manufacturers focus on producing a stronger and more inventive product portfolio by using these services to manage their complex supply chains.
Developments in the FinTech industry, growing popularity of crypto-currency, and rising government initiatives further contribute to the increased demand for Australia 4PL market. However, increasing complexities are impeding the 4PL market growth to a considerable extent.
Supply chain network and logistics operations are critical retailers, irrespective of the size of enterprises. Most industries in Australia rely on logistics and transport to some extent. Low-cost logistics and transportation services enable exporters in Australia to successfully reach key markets.
Thus, the adoption of Australia 4PL market is anticipated to grow in the country in the coming years. The growth of the Australia 4PL market is also attributed to the proliferation of e-commerce businesses offering one-day delivery and door-to-door services, among other value-added services. As a result, many international competitors are entering into Australian 4PL market, which is contributing to advancements in these services.
To acquire a competitive advantage, large corporations focus on offering value-added services. With the growth in the number of Australia 4PL market players, good infrastructures such as warehouses, distribution networks, and technology capabilities become essential. The COVID-19 pandemic resulted in a massive rise in parcel movements, particularly e-commerce deliveries, straining the present service model of Australia Post.
Key Industry Dynamics
Market Drivers
- Increasing Investment in Infrastructure
- Growing E-Commerce Industry
Market Restraints
- Perplexity Among End-Users in Choosing between 3PL and 4PL
Market Opportunities
- Manufacturing Sector Contemplating Inbound Procurement and Supplier Collaboration
Future Trends
- Increasing Collaborations and Enhanced Focus On Risk Management in Supply Chains
Company Profiles
- BCR Australia Pty Ltd
- Henning Harders
- B dynamic Logistics Pty Ltd
- John Good Logistics Ltd
- BTi Logistics
- Allyn International Services, Inc
- Sigma Healthcare Limited
- BR International Logistics Pty Ltd
- Kuehne + Nagel Management AG
- GEODIS SA.
For more information about this report visit https://www.researchandmarkets.com/r/ugj8cf
