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Contract logistics continues to show promising growth potential and is projected to maintain its growth trajectory. At present, only 30% of the market share has been outsourced. The global contract logistics market’s growth rate (4.1%) consistently outpaces the GDP (2.7%) across various regions. By 2024, the growth rate is anticipated to hit 4.4%. The future of the outsourced logistics sector remains optimistic.
In a recent poll, 56.6% of third-party logistics respondents indicated their desire for retailers to outsource more logistics tasks. 71.7% of respondents predict that multichannel/omnichannel retailers are the most likely to outsource logistics functions. Strategic realignment.
Geopolitical strains may result in ongoing supply chain disruptions and uncertainties. As a result, companies are starting to seek diversified production sites to mitigate supply chain disruptions. Additionally, nearshore investment in Mexico is on the rise, with foreign direct investment increasing by 5.8% year-on-year in May.
