{"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":"
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Wilmington, Delaware, May 17, 2024 (GLOBE NEWSWIRE) — Allied Market Research published a report, titled,\u00a0“<\/b>Logistics Business Outsourcing Market<\/b><\/a> 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″<\/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 Prime Determinants of Growth<\/b>\u00a0<\/p>\n 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 Request Sample of the Report on\u00a0Logistics Business Outsourcing Market\u00a0Forecast 2032:\u00a0<\/b>https:\/\/www.alliedmarketresearch.com\/request-sample\/A283616<\/b><\/a>\u00a0<\/p>\n Report Coverage & Details:<\/b>\u00a0<\/p>\n