"Contract Logistics Market in South America 2015-2019" is now available at Fast Market Research

Contract logistics is the outsourcing of various elements of logistics and distribution by companies to third-party logistics solutions providers. Companies outsource some or all of their SCM functions such as transportation, warehousing, location tracking, and integration operation services. Often, third-party logistics solutions providers go beyond logistics and offer VAS such as inventory management, cross-docking, door-to-door delivery, and packaging of products. The need for efficiency in delivery, inventory management, and freight forwarding is propelling the demand for contract logistics in South America.

Technavio's analysts forecast the contract logistics market in South America to grow at a CAGR of 6.92%, in terms of revenue, over the period 2014-2019.

Commenting on the report, an analyst from Technavio's team said: "The development of trade in South America through digital platforms has led to an upsurge of data. The internet has served as a powerhouse for data collection, and the industry needs solutions and analytics experts to mine this data and generate information to enhance business productivity. Big data analytics in SCM help to identify the grey areas of the supply chain process, and allow companies to analyze and develop new solutions for their customers. Logistics vendors in South America collect data using cloud-based technologies such as TMS, CRM solutions, RFID readers, and WMS solutions. Big data analytics in logistics help to define optimal shift planning in retail stores, utilize data to predict crime hotspots, and provide analysis for customer retention and inventory planning."

According to the report, the outsourcing of logistics provides the advantage of leveraging the expertise of contract logistics providers, and consumes less time and resources. This results in the optimization of business networks and improves supply chain performance. Initially, logistics functions were handled in-house, as businesses preferred to exercise direct control over these functions and minimize risk. However, with the business landscape becoming increasingly complex and competitive, customers are shifting their focus toward their core businesses. Various companies are concentrating their capital and resources on improving the efficiency of their core businesses, compelling businesses to shift their focus toward contract logistics service providers. Shippers achieve substantial savings by avoiding expenses related to warehousing, vehicles, and machinery.

Further, the report states that fluctuation in transportation costs in different regions poses a challenge to contract logistics providers.

The key players in the Contract Logistics Market in South America are Ceva Logistics, Deutsche Post DHL, Kuehne + Nagel, Penske Logistics, Servientrega and TCI while other prominent vendors include Agility, America Latina Logistica, APL Logistics, BDP International, BLG Logistics Group, DACHSER, Damco, DC Logistics, DSV, Expeditors International, FedEx Supply Chain, Imperial Logistics, JSL, Kerry Logistics, Logwin, Menlo Worldwide Logistics, Neovia Logistics Services, Panalpina, Ryder, SDV Logistics, Sinotrans, UPS and Wincanton

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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