The global logistics and transportation sector is soaring at an exponential rate since the past decade. The demand for transportation of raw materials from procurement sites to production units, and finished product from manufacturing facilities to warehouses and distribution centers, and ultimately to customers, requires extensive supply chain and logistics infrastructure.The continuous growth in the logistics sector has allowed several software developers and connected devices manufacturers to design and develop robust software and systems to allow manufacturing facilities as well as the logistic partners to leverage efficient technologies. The rise in e-commerce has further bolstered the logistics sector. The e-commerce industry is continuously expanding due to the regular increase in the number of companies. The e-commerce giants are continuously increasing their investments toward new warehouses and distribution centers. This is propelling the demand for higher volumes of transportation infrastructure.Thus, e-commerce is a key enabler of the global logistics sector growth and is anticipated to influence digitization in logistics supply chain market significantly.
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The key companies operating in the digitization in logistics supply chain market include Accenture, Advnatech Co. Ltd., Cognizant, Capgemini SE, Hexaware Inc., IBM Corporation, Oracle Corporation, SAP SE, Tata Consulting Services Limited, and Wipro Ltd.
COVID-19 Impact on Digitization in Logistics Supply Chain Market
The COVID-19 outbreak has been affecting every business globally since December 2019. The continuous growth in the number of virus-infected patients has led governments to put a bar on transportation of humans and goods. The manufacturing sector has witnessed severe losses due to the temporary shutdown of factories and low production volumes, which has had a negative impact on the logistics sector. Additionally, the social or physical distancing measures imposed by governments have led the logistics service providers to limit their operations. However, the logistics and supply-chain industry players are focusing on digital technologies to curb the negative effect of the pandemic on the logistics operations based on traditional logistics concepts. This is boosting the digitization in logistics supply chain market. Nonetheless, the lower volumes of production are limiting the full-fledged usage of the fleets, which is creating tremors on the logistics service providers' business, thereby leading to slower growth of digitization in logistics supply chain market.
The List of Companies - Digitization in Logistics Supply Chain Market
· Accenture Plc
· Advantech Co. Ltd.
· Cognizant
· Capgemini
· Hexaware Inc.
· IBM Corporation
· Oracle Corporation
· SAP SE
· Tata Consulting Services Limited
· Wipro Ltd.
Major highlights of the report:
· All-inclusive evaluation of the parent market
· Evolution of significant market aspects
· Industry-wide investigation of market segments
· Assessment of market value and volume in past, present, and forecast years
· Evaluation of market share
· Tactical approaches of market leaders
· Lucrative strategies to help companies strengthen their position in the market
The research report provides deep insights into the global market revenue, parent market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of Digitization in Logistics Supply Chain market during the forecast period, i.e., 2020–2027. Most importantly, the report further identifies the qualitative impact of various market factors on market segments and geographies. The research segments the market on the basis of product type, application, technology, and region. To offer more clarity regarding the industry, the report takes a closer look at the current status of various factors including but not limited to supply chain management, niche markets, distribution channel, trade, supply, and demand and production capability across different countries.
Digitization in Logistics Supply Chain Market Segmented by Region/Country: North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America
Reason to Buy
· Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Digitization in Logistics Supply Chain market.
· Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.
· The key findings and recommendations highlight crucial progressive industry trends in the Digitization in Logistics Supply Chain market, thereby allowing players to develop effective long term strategies in order to garner their market revenue.
· Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
· Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth at a certain extent.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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