Global Fourth Party Logistics Market was valued at USD 55.03 billion in 2018, which is expected to reach 83.17 by 2027 at a CAGR 5.3%.
Logistics is the management of acquiring, storing, and transporting of resources to final destination. Fourth party logistics is the most innovative type of outsourcing. Also, fourth party logistics has lot to offer such as management of dynamic logistics, inbound raw material supply, demand driven logistics, and global orchestrator.
Market Key Players
Various key players are discussed in this report such as CEVA Logistics, Logistics Plus Inc., Global4PL Supply Chain Services, Deloitte Touche Tohmatsu, Panalpina World Transport (Holding) Ltd., 4PL Insights LLC, XPO Logistics, Inc., Accenture Consulting, and C.H Robinson Worldwide, Ltd.
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However, reluctance of companies to outsource is the challenging factor which is expected to restraint the global fourth party logistics market growth.
Global Fourth Party Logistics Market is segmented into type such as Solution Integrator Model, Industry Innovator Model, and Synergy plus Operating Model. Further, Global Fourth Party Logistics Market is segmented into end user such as Healthcare, automotive, Consumer electronics, Retail, Aerospace & Defense, Industrial, and Others.
Also, Global Fourth Party Logistics Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
• Solution Integrator Model
• Industry Innovator Model
• Synergy plus Operating Model
By End User
• Consumer electronics
• Aerospace & Defense
• North America
• Latin America
• Asia Pacific
• Middle East & Africa
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