{"id":132291,"date":"2024-05-22T16:25:05","date_gmt":"2024-05-22T20:25:05","guid":{"rendered":"https:\/\/v2fr5er78d.funnewsdaily.com\/books\/logistics-business-outsourcing-market-to-reach-2-1-trillion-globally-by-2032-at-5-7-cagr-allied-market-research\/"},"modified":"2024-05-22T16:25:05","modified_gmt":"2024-05-22T20:25:05","slug":"logistics-business-outsourcing-market-to-reach-2-1-trillion-globally-by-2032-at-5-7-cagr-allied-market-research","status":"publish","type":"post","link":"https:\/\/v2fr5er78d.funnewsdaily.com\/books\/logistics-business-outsourcing-market-to-reach-2-1-trillion-globally-by-2032-at-5-7-cagr-allied-market-research\/","title":{"rendered":"Logistics Business Outsourcing Market to Reach $2.1 trillion, Globally, by 2032 at 5.7% CAGR: Allied Market Research"},"content":{"rendered":"<p><\/p>\n<div>\n<h2>The report provides a detailed analysis of these key players in the global logistics business outsourcing market. North America held the highest market share in terms of revenue in 2022, accounting for more than two-fifths of the logistics business outsourcing market revenue.<\/h2>\n<p align=\"justify\" style=\"padding-left:0px;\">Wilmington, Delaware, May  17, 2024  (GLOBE NEWSWIRE) &#8212; Allied Market Research published a report, titled,\u00a0<b>&#8220;<\/b><a rel=\"noopener nofollow external noreferrer sponsored\" target=\"_blank\" href=\"https:\/\/www.globenewswire.com\/Tracker?data=cxLUBYUSJWxZb6MtScPVY1KuUodO_-030bLBifPhw_f7o-GlG1J8h8si9jViagYIk7eNDpKGLK7NRyN06NoVBLWgEmuGsr4d4oPxweIRhBtmQdUNqvcos40Tbj_COgUuvGXVv5WzCRgjtO25DzroPL5omYNoWXpt3Y9H8xRlDiePlJdk5gkavMn8ntkzONKx\" data-wpel-link=\"external\"><b>Logistics Business Outsourcing Market<\/b><\/a><b> by Mode of Transport (Air Freight, Ocean Carriers, Railways, and Roadways), and\u00a0End User (Pharmaceuticals, Automotive, Food and Beverages, Chemicals, and Others): Global Opportunity Analysis and Industry Forecast, 2023-2032&#8243;<\/b>. According to the report, the logistics business outsourcing market\u00a0was valued at $1.3 trillion in 2022\u00a0and is estimated to reach $2.1 trillion by 2032, growing at a CAGR of 5.7% from 2023 to 2032.\u00a0<\/p>\n<p align=\"justify\" style=\"padding-left:0px;\"><b>Prime Determinants of Growth<\/b>\u00a0<\/p>\n<p align=\"justify\" style=\"padding-left:0px;\">As supply chains become more complex due to global trade, multi-modal transportation, and evolving customer demands, businesses seek specialized expertise to manage their logistics operations efficiently. Outsourcing logistics functions such as transportation management, warehousing, and distribution allows companies to focus on core competencies while leveraging third-party logistics providers (3PLs) to streamline supply chain operations.\u00a0Furthermore, cost reduction and operational efficiency are significant drivers of logistics outsourcing. By partnering with 3PLs, businesses can benefit from economies of scale, shared resources, and optimized transportation networks, resulting in lower overall logistics costs. Outsourcing also helps avoid large capital investments in warehousing facilities, transportation fleets, and technology infrastructure.\u00a0<\/p>\n<p style=\"padding-left:0px;\"><b>Request Sample of the Report on\u00a0Logistics Business Outsourcing Market\u00a0Forecast 2032:\u00a0<\/b><a rel=\"noopener nofollow external noreferrer sponsored\" target=\"_blank\" href=\"https:\/\/www.globenewswire.com\/Tracker?data=bE1FRA4zprtmrXzP2KOQJTLeh12a0pOKVDuSZHLkxGWj2Hky4PTLb1_0VzOvkjPG6FMb-tes4MmYzFH4CXgSUPy1eQ1TOBYBJLjKW3TpT2WUfuV5ApMVQT_vzNyRYPL3bvwbVJ0mysCWvvo4R5SvjQEy9D6YnZO21QaQsmimafQvW9z3l1LGsPKE9uCeITyf\" data-wpel-link=\"external\"><b>https:\/\/www.alliedmarketresearch.com\/request-sample\/A283616<\/b><\/a>\u00a0<\/p>\n<p align=\"justify\" style=\"padding-left:0px;\"><b>Report Coverage &amp; Details:<\/b>\u00a0<\/p>\n<table style=\"border-collapse: collapse; margin-left:0px; margin-right:0px; border-collapse:collapse ;\">\n<tr>\n<td style=\"width:171px;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: bottom ; \"> <b>Report Coverage<\/b><b>\u00a0<\/b>\u00a0 <\/td>\n<td style=\"width:550px;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: bottom ; \"> <b>Details<\/b><b>\u00a0<\/b>\u00a0 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:171px;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: bottom ; \"> Forecast Period\u00a0\u00a0 <\/td>\n<td style=\"width:550px;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: bottom ; \"> 2023\u20132032\u00a0\u00a0 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:171px;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: bottom ; \"> Base Year\u00a0\u00a0 <\/td>\n<td style=\"width:550px;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: bottom ; \"> 2022\u00a0\u00a0 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:171px;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: bottom ; \"> Market Size in 2022\u00a0\u00a0 <\/td>\n<td style=\"width:550px;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: bottom ; \"> $1.3 trillion\u00a0\u00a0 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:171px;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: bottom ; \"> Market Size in 2032\u00a0\u00a0 <\/td>\n<td style=\"width:550px;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: bottom ; \"> $2.1 trillion\u00a0\u00a0 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:171px;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: bottom ; \"> CAGR\u00a0\u00a0 <\/td>\n<td style=\"width:550px;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: bottom ; \"> 5.7%\u00a0\u00a0 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:171px;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: bottom ; \"> No. of Pages in Report\u00a0\u00a0 <\/td>\n<td style=\"width:550px;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: bottom ; \"> 485\u00a0\u00a0 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:171px;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: bottom ; \"> Segments covered\u00a0\u00a0 <\/td>\n<td style=\"width:550px;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: bottom ; \"> Mode of Transport, End User, and Region\u00a0\u00a0 <\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"2\" style=\"width:171px;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: middle ; \"> Drivers \u00a0\u00a0 <\/td>\n<td style=\"width:550px;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: bottom ; \"> Growth in the e-commerce industry coupled with rise in reverse logistics operations\u00a0 \u00a0\u00a0 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:550px;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: bottom ; \"> Rise in trade related agreements\u00a0\u00a0 \u00a0\u00a0 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:171px;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: bottom ; \"> Opportunity\u00a0\u00a0 <\/td>\n<td style=\"width:550px;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: bottom ; \"> Emergence of last-mile deliveries coupled with logistics automation\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:171px;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: bottom ; \"> Restraint\u00a0\u00a0 <\/td>\n<td style=\"width:550px;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: bottom ; \"> Poor infrastructure and higher logistics costs\u00a0\u00a0\u00a0\u00a0 <\/td>\n<\/tr>\n<\/table>\n<p><b>Procure Complete Report (<\/b><b>485<\/b><b> Pages PDF with Insights, Charts, Tables, and Figures)<\/b>\u00a0<a rel=\"noopener nofollow external noreferrer sponsored\" target=\"_blank\" href=\"https:\/\/www.globenewswire.com\/Tracker?data=bE1FRA4zprtmrXzP2KOQJTLeh12a0pOKVDuSZHLkxGWj2Hky4PTLb1_0VzOvkjPG4yiHN5bZfz7CUfxb2wptrFwVv7F9Y60JQPH8ttMSVTaFPPl1oWTlEWyhGBeo_fgZ6aniPDnuGpJtSm_5Ag5YihLWIwXbcv5ZPBvBE8FpBB6bz5wSCCISUZOp-ORfUYd5lUyzwl5xci2AzmQ0hn2fVJ3ce8qshsr-naJu7IywneBIVT8qODqWvHeDARjw_ce51Pxmjpd3bioQJ_pUoh_Q2A==\" data-wpel-link=\"external\"><b>https:\/\/www.alliedmarketresearch.com\/checkout-final\/<\/b><b>logistics-business-outsourcing-market-A283616<\/b><\/a>\u00a0<\/p>\n<p align=\"justify\" style=\"padding-left:0px;\"><b>Impact of Russia-Ukraine War Scenario<\/b>\u00a0<\/p>\n<ul>\n<li style=\"margin-bottom:16px; text-align:justify;\">The Ukraine-Russia conflict can disrupt supply chains, especially in regions directly affected by the conflict or those reliant on trade routes passing through the region. Logistics operations may experience delays, interruptions, or rerouting of shipments, impacting the efficiency and reliability of outsourced logistics services.\u00a0<\/li>\n<li style=\"margin-bottom:16px; text-align:justify;\">In addition, heightened geopolitical tensions and supply chain disruptions can increase the demand for risk management services within LBO. Companies may seek specialized logistics providers capable of mitigating geopolitical risks, diversifying supply chain networks, and ensuring business continuity amid uncertain geopolitical conditions.\u00a0<\/li>\n<\/ul>\n<p align=\"justify\" style=\"padding-left:0px;\"><b>The ocean <\/b><b>carriers<\/b><b> segment to <\/b><b>maintain<\/b><b> its leadership status throughout the forecast period<\/b>\u00a0<\/p>\n<p align=\"justify\" style=\"padding-left:0px;\">On the basis of mode of transport, the ocean carriers segment held the highest market share in 2022, accounting for around two-fifths of the global logistics business outsourcing market revenue. This is attributed to ocean freight accounting\u00a0for a substantial portion of global trade volume, especially for transporting goods across continents. As international trade continues to grow, businesses rely heavily on ocean carriers to facilitate the movement of goods between major trading regions.\u00a0However, the ocean carriers segment is projected to manifest the fastest CAGR of 6.08% from 2023 to 2032, This is attributed to ocean carriers benefiting from economies of scale, allowing them to transport large volumes of goods efficiently and cost-effectively. By leveraging large container vessels and efficient shipping networks, ocean carriers can offer competitive pricing and reliable transit times for LBO clients.\u00a0<\/p>\n<p align=\"justify\" style=\"padding-left:0px;\"><b>The pharmaceuticals segment to <\/b><b>maintain<\/b><b> its leadership status throughout the forecast period<\/b>\u00a0<\/p>\n<p align=\"justify\" style=\"padding-left:0px;\">On the basis of end user, the pharmaceuticals segment held the highest market share in 2022, accounting for more than one-fourth of the global logistics business outsourcing market revenue. This is attributed to pharmaceuticals often requiring\u00a0precise temperature control throughout the supply chain to preserve product integrity and efficacy. Specialized logistics providers offer temperature-controlled storage, transportation, and distribution services (e.g., cold chain logistics) to ensure the safe and effective delivery of pharmaceutical products, including vaccines, biologics, and specialty medicines.\u00a0However, the food and beverage segment is\u00a0projected to manifest the fastest CAGR of 6.52% from 2023 to 2032.\u00a0This is attributed to the food and beverage industry operating\u00a0within a complex supply chain characterized by perishable goods, strict regulatory requirements, and varying consumer demands. Outsourcing logistics allows companies to leverage specialized expertise in managing temperature-controlled storage, transportation, and distribution to ensure food safety and quality compliance.\u00a0<\/p>\n<p align=\"justify\" style=\"padding-left:0px;\"><b>North America to <\/b><b>maintain<\/b><b> its dominance by 2032<\/b>\u00a0<\/p>\n<p align=\"justify\" style=\"padding-left:0px;\">On the basis of region, North America held the highest market share in terms of revenue in 2022, accounting for more than two-fifths of the logistics business outsourcing market revenue. This is attributed to North America, particularly the U.S. and Canada, comprising\u00a0the world&#8217;s largest and most diverse economies. The region is home to a wide range of industries, including manufacturing, retail, healthcare, technology, automotive, and consumer goods, all of which rely on efficient logistics and supply chain solutions. The size and diversity of the North American economy drive the demand for outsourced logistics services.\u00a0\u00a0However, Asia-Pacific is expected to witness the fastest CAGR of 7.14% from 2023 to 2032.\u00a0This is attributed to\u00a0Asia-Pacific being\u00a0home to some of the world&#8217;s fastest-growing economies, including China, India, Japan, South Korea, and Southeast Asian countries. The region&#8217;s economic growth has driven increased industrialization, urbanization, and consumption, resulting in rising demand for efficient logistics and supply chain services.\u00a0<\/p>\n<p align=\"justify\" style=\"padding-left:0px;\"><b>To Talk <\/b><b>With<\/b><b> Our Industry Expert @<\/b> <a rel=\"noopener nofollow external noreferrer sponsored\" target=\"_blank\" href=\"https:\/\/www.globenewswire.com\/Tracker?data=bE1FRA4zprtmrXzP2KOQJTLeh12a0pOKVDuSZHLkxGWj2Hky4PTLb1_0VzOvkjPGm45GJwJ24AyM17NOlGH0K8huA3u60LJBCzDbI59Rce_kSAZFe0a8tBjKjDIoBgsPUdxyIID6moK_6B-kXAXZXIlrKEoyYDka939kp9kQYK8e0P2Ydl2vQHjFFxnQo6gDY-4b1nDMi4Xc-KqqUQtC0Q==\" data-wpel-link=\"external\"><b>https:\/\/www.alliedmarketresearch.com\/connect-to-analyst\/A283616<\/b><\/a>\u00a0<\/p>\n<p align=\"justify\" style=\"padding-left:0px;\"><b>Leading Market Players:<\/b><\/p>\n<ul>\n<li>inexia (sncf group)\u00a0<\/li>\n<li>UNITED PARCEL SERVICE OF AMERICA, INC.\u00a0<\/li>\n<li>XPO Logistics, Inc.\u00a0<\/li>\n<li>DHL International GmbH\u00a0<\/li>\n<li>Kuehne + Nagel International AG\u00a0<\/li>\n<li>FedEx Corporation\u00a0<\/li>\n<li>Deutsche Bahn AG\u00a0<\/li>\n<li>Nippon Express Co., Ltd.\u00a0<\/li>\n<li>DSV A\/S\u00a0<\/li>\n<li>A.P. Moller &#8211; Maersk\u00a0\u00a0<\/li>\n<\/ul>\n<p align=\"justify\" style=\"padding-left:0px;\">The report provides a detailed analysis of these key players in\u00a0the global logistics business outsourcing market. These players have adopted different strategies such as expansion and product launch to increase their market share and maintain dominant shares in different regions. 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North America held the highest market share in terms of revenue in 2022, accounting for more than two-fifths of the logistics business outsourcing market revenue. Wilmington, Delaware, May 17, 2024 (GLOBE NEWSWIRE) &#8212; Allied Market Research published a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":132292,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[563],"tags":[],"class_list":["post-132291","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-books"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO Pro 4.6.9 - aioseo.com -->\n\t\t<meta name=\"description\" content=\"The report provides a detailed analysis of these key players in the global logistics business outsourcing market. North America held the highest market share in terms of revenue in 2022, accounting for more than two-fifths of the logistics business outsourcing market revenue. Wilmington, Delaware, May 17, 2024 (GLOBE NEWSWIRE) -- Allied Market Research published a\" \/>\n\t\t<meta name=\"robots\" content=\"noindex, nofollow, max-image-preview:large\" \/>\n\t\t<link rel=\"canonical\" href=\"https:\/\/v2fr5er78d.funnewsdaily.com\/books\/logistics-business-outsourcing-market-to-reach-2-1-trillion-globally-by-2032-at-5-7-cagr-allied-market-research\/\" \/>\n\t\t<meta name=\"generator\" content=\"All in One SEO Pro (AIOSEO) 4.6.9\" \/>\n\t\t<meta property=\"og:locale\" content=\"en_US\" \/>\n\t\t<meta property=\"og:site_name\" content=\"Fun News Daily - Your Source for Fun &amp; Entertainment - Source for Games &amp; Gifts, Movies, Books, Innovations, and Travel since 2016. 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Wilmington, Delaware, May 17, 2024 (GLOBE NEWSWIRE) -- Allied Market Research published a","twitter:image":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTExOTc1MCM2MjU4MDI2IzIwODY5Mzc=","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"BlogPosting","@id":"https:\/\/v2fr5er78d.funnewsdaily.com\/books\/logistics-business-outsourcing-market-to-reach-2-1-trillion-globally-by-2032-at-5-7-cagr-allied-market-research\/#blogposting","name":"Logistics Business Outsourcing Market to Reach $2.1 trillion, Globally, by 2032 at 5.7% CAGR: Allied Market Research","headline":"Logistics Business Outsourcing Market to Reach $2.1 trillion, Globally, by 2032 at 5.7% CAGR: Allied Market Research","author":{"@id":"https:\/\/v2fr5er78d.funnewsdaily.com\/author\/theminpurpleldi\/#author"},"publisher":{"@id":"https:\/\/v2fr5er78d.funnewsdaily.com\/#organization"},"image":{"@type":"ImageObject","url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTExOTc1MCM2MjU4MDI2IzIwODY5Mzc=","caption":"Logistics Business Outsourcing Market to Reach $2.1 trillion, Globally, by 2032 at 5.7% CAGR: Allied Market Research"},"datePublished":"2024-05-22T16:25:05-04:00","dateModified":"2024-05-22T16:25:05-04:00","inLanguage":"en-US","mainEntityOfPage":{"@id":"https:\/\/v2fr5er78d.funnewsdaily.com\/books\/logistics-business-outsourcing-market-to-reach-2-1-trillion-globally-by-2032-at-5-7-cagr-allied-market-research\/#webpage"},"isPartOf":{"@id":"https:\/\/v2fr5er78d.funnewsdaily.com\/books\/logistics-business-outsourcing-market-to-reach-2-1-trillion-globally-by-2032-at-5-7-cagr-allied-market-research\/#webpage"},"articleSection":"Books"},{"@type":"BreadcrumbList","@id":"https:\/\/v2fr5er78d.funnewsdaily.com\/books\/logistics-business-outsourcing-market-to-reach-2-1-trillion-globally-by-2032-at-5-7-cagr-allied-market-research\/#breadcrumblist","itemListElement":[{"@type":"ListItem","@id":"https:\/\/v2fr5er78d.funnewsdaily.com\/#listItem","position":1,"name":"Home","item":"https:\/\/v2fr5er78d.funnewsdaily.com\/","nextItem":"https:\/\/v2fr5er78d.funnewsdaily.com\/category\/books\/#listItem"},{"@type":"ListItem","@id":"https:\/\/v2fr5er78d.funnewsdaily.com\/category\/books\/#listItem","position":2,"name":"Books","item":"https:\/\/v2fr5er78d.funnewsdaily.com\/category\/books\/","nextItem":"https:\/\/v2fr5er78d.funnewsdaily.com\/books\/logistics-business-outsourcing-market-to-reach-2-1-trillion-globally-by-2032-at-5-7-cagr-allied-market-research\/#listItem","previousItem":"https:\/\/v2fr5er78d.funnewsdaily.com\/#listItem"},{"@type":"ListItem","@id":"https:\/\/v2fr5er78d.funnewsdaily.com\/books\/logistics-business-outsourcing-market-to-reach-2-1-trillion-globally-by-2032-at-5-7-cagr-allied-market-research\/#listItem","position":3,"name":"Logistics Business Outsourcing Market to Reach $2.1 trillion, Globally, by 2032 at 5.7% CAGR: Allied Market Research","previousItem":"https:\/\/v2fr5er78d.funnewsdaily.com\/category\/books\/#listItem"}]},{"@type":"Organization","@id":"https:\/\/v2fr5er78d.funnewsdaily.com\/#organization","name":"Fun News Daily","description":"Source for Games & Gifts, Movies, Books, Innovations, and Travel since 2016. 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