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Researches on 3PL market in India creating mess
>> Tuesday, August 4, 2009
We can’t understand why and how researches on third party logistics market in india vary from organization to organization but for sure they creating mess.
Here are few findings by the individual organizations which need to be validated by the people of the logistics fraternity:
Frost and Sullivan
Considering that the most important logistics functions for Indian industries still are transportation and warehousing, which are likely to be outsourced to 3PL in increasing share, a high level of growth is estimated for the Indian 3PL market in the next 5-7 years. The Indian 3PL market, estimated at about US$890.3 billion in 2005, is expected to grow at a compound annual growth rate of 21.9 percent to reach US$3,556.7 million in 2012.
Link: http://www.frost.com/prod/servlet/market-insight-top.pag?docid=74102578
Considering that the most important logistics functions for Indian industries still are transportation and warehousing, which are likely to be outsourced to 3PL in increasing share, a high level of growth is estimated for the Indian 3PL market in the next 5-7 years. The Indian 3PL market, estimated at about US$890.3 billion in 2005, is expected to grow at a compound annual growth rate of 21.9 percent to reach US$3,556.7 million in 2012.
Link: http://www.frost.com/prod/servlet/market-insight-top.pag?docid=74102578
RNCOS
At present, the 3PL market is at a nascent stage of development, with multinational companies in all industries being the predominant users of these services. However, the domestic major companies in leading industrial sectors have also begun to follow the footsteps of their multinational counterparts, starting with outsourcing their basic logistics functions. The total revenue generated by 3PL players surpassed US$ 1.5 Billion in 2008 from mere US$ 890 Million in 2005.
RNCOS has identified the auto and IT hardware industry as the largest end-user industry for 3PL services. Other sectors that have shown substantial contribution to 3PL market and significant growth potential include FMCG, pharmaceutical and retail sectors. The market will generate revenue of close to US$ 4 Billion by 2012 and will result in more effective ways of implementing logistic operations in India.
Link: http://www.rncos.com/Report/IM186.htm
At present, the 3PL market is at a nascent stage of development, with multinational companies in all industries being the predominant users of these services. However, the domestic major companies in leading industrial sectors have also begun to follow the footsteps of their multinational counterparts, starting with outsourcing their basic logistics functions. The total revenue generated by 3PL players surpassed US$ 1.5 Billion in 2008 from mere US$ 890 Million in 2005.
RNCOS has identified the auto and IT hardware industry as the largest end-user industry for 3PL services. Other sectors that have shown substantial contribution to 3PL market and significant growth potential include FMCG, pharmaceutical and retail sectors. The market will generate revenue of close to US$ 4 Billion by 2012 and will result in more effective ways of implementing logistic operations in India.
Link: http://www.rncos.com/Report/IM186.htm
Infrastructure Today
Outsourced logistics, at just above one-quarter of the entire $90 billion Indian logistics market, is slated to grow at a compound annual growth rate (CAGR) of over 16 percent from 2007-10. (Infrastructure today)
Link: http://www.constructionupdate.com/products/infrastructuretoday/june2008/015.html
Outsourced logistics, at just above one-quarter of the entire $90 billion Indian logistics market, is slated to grow at a compound annual growth rate (CAGR) of over 16 percent from 2007-10. (Infrastructure today)
Link: http://www.constructionupdate.com/products/infrastructuretoday/june2008/015.html
Rediff News
The growing adoption of the 3PL outsourcing model among Indian consumer electronics and durables manufacturers is expected to drive the growth of the 3PL market in this sector, which is estimated to reach $89.8 million in 2012.
Link: http://im.rediff.com/money/2007/jan/29bpo.htm
The growing adoption of the 3PL outsourcing model among Indian consumer electronics and durables manufacturers is expected to drive the growth of the 3PL market in this sector, which is estimated to reach $89.8 million in 2012.
Link: http://im.rediff.com/money/2007/jan/29bpo.htm
You must have recognized after going through this document that these all findings are altogether different from one another. We have nothing to say much. You need to validate the findings by your own.
Cheers!!
log4scm : All about Logistics and Supply chain sector in India
3 comments:
I cannot understand why the researches vary. but the problem is everyone is being misguided by these research companies.
Thanks for the blow. Keep you guns going...
Wow!! Frost & soulivan writes Indian 3PL market, estimated at about US$890.3 billion in 2005, is expected to grow at a compound annual growth rate of 21.9 percent to reach US$3,556.7 million in 2012.
Indian GDP is even less than what has been written in this text. One more thing, 890 bn in 2005 and 3.5 bn in 2012.
God saves them!!!
Why the logistics community is silent on this issue? It should be touted well.
These companies do that because they want to create seperate identity in the area of research and get mislead
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