Past Webinar

Webinar: Logistics Industry - A New Era Post Covid-19

26 May, 2022 | 20:00 IST | 09:30 CST | 14:30 GMT

Webinar: Logistics Industry - A New Era Post Covid-19

By Naveen Chittaragi

The growing emphasis towards achieving improved operational efficiencies coupled with the rise in popularity of outsourcing logistics operations and optimizing supply chain complexities for reducing the operational costs has gained significant traction across various industries such as Healthcare, Industrial Manufacturing, Retail and Consumer Goods, Aerospace and Defense among others. Moreover, the emergence of third-party logistics and fourth-party logistics provider has further boosted the market for logistics services globally.

Logistics services market comprises of first- & second-party logistics, third-party logistics, fourth party logistics, and fifth party logistics. Prospering e-commerce platforms, such as eBay, Amazon, and Alibaba, are making noteworthy contributions to the proliferation of the logistics sector. China, India, Indonesia, and other developing countries have elevated mobile phone penetration rates and robustly flourishing social media culture, which has resulted in the rise in online shopping in these countries. To meet such rapidly increasing demands generated through online shopping, coupled with challenging consumer expectations, e-commerce companies joining hands with logistics services providers.

The adoption of modern technologies is expected to reshape the logistics industry and attract more companies towards this business. The Internet of Things (IoT), driverless vehicles, drone-aided deliveries, and augmented reality are a few of the pivotal technologies that are expected to transform the logistics services market in the coming years. Among these emerging technologies, several are already in the pilot phase of their logistics applications.

Third-party logistics continues to gain significant traction across various end-user industries owing to the growing inclination toward outsourcing and superior operational efficiencies provided by these types of logistic providers. Furthermore, the burgeoning demand for lowering shipping costs, a surge in emphasis on prompt management of deliveries, the need for diverting focus from company assets to their core business, and benefits of managing seasonal variations drive the market for third-party logistics services.

During the webinar, the team at The Insight Partners will talk about trends and challenges at the global and regional logistic service industry with special focus on 3 PL, 4 PL and 5 PL.

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