A11526 | Pages: NA | Jul 2022 | 2217 Views | ||
Author(s) : Sonia Mutreja | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Warehousing And Distribution Logistics Market
Request Now !Warehousing primarily refers to storage of goods, which is to be transported, whether inbound or outbound and is one of the major segments of the rapidly growing industry. Distribution is related to the management of flow of goods between point of origin to the point of consumption. Efficient warehousing and distribution logistics management is central to commercial success. Getting right product to the right destination, on time, on budget, with end-to-end visibility is the major aim of the warehousing and distribution logistics industry. Growing demand in the logistics industry has broadened from basic transportation of goods to include end-to-end supply chain solutions including warehousing & express delivery.
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COVID-19 scenario Analysis:
Economic factors affecting the market such as purchasing power directly influences the market growth as there is no demand during pandemic. With restricted movement of population around the globe, as well as complete lockdowns in several countries, the manufacturing sector is also affected by economic fallout from the pandemic and manufacturing sector directly affect warehousing and distribution companies. Warehousing and distribution logistics companies have faced tremendous losses due to complete lockdown as there is shortage of workforce and manufacturing industries have halted their production. Owing to the lockdown implemented across various countries, national and international transport have also been hampered, which has significantly impacted supply chain of numerous industries across the globe, which affected the warehouse and distributing logistics market
E-commerce sector is expanding with increasing competition, consumer electronics, and fashion being the strongest categories. Its growth is closely related to growth of the warehousing market, as it is propels warehouses to upgrade for greater reliability, higher efficiency, and better fit for customers.      Â
Growth in population of countries and increasing online shopping are the factors that illustrate need for investments in warehousing services. Private sector logistics service providers control a considerable part of supply of inland warehousing space. Shippers are focused on outsourcing logistics activities to enhance their operations and cost-effectiveness. Globalization has led to demand for efficient inventory management services. For instance, trend of drop shipping by Oberlo and shopify has entirely changed whole supply chain and increases demand for warehousing and distribution logistics. Changing global supply chain to become more customer-centric enables companies to outsource their supply chain activities to focus on responsiveness and adaptability. Government efforts to increase supply of new warehousing facilities are expected to gradually expand the market for warehousing and distribution logistics.
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Questions answered in the warehousing and distribution logistics market research report:
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