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EUROPE: "Study Finds Europe Must Grow Its Manufacturing Sector to Maintain International Competitive

EUROPE: "Study Finds Europe Must Grow Its Manufacturing Sector to Maintain International Competitiveness" report. 40-page report by Accenture.

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back to index backEUROtalk April,  2007


Europe to increase logistics outsourcing

Predicted growth: 3PL sector to experience boom.

The amount of money spent on logistics services in the automotive, consumer, pharmaceutical, retail and technology industries is expected to increase by US$40 billion in western Europe over the next five years, according to research company Analytiqa.

However, in order to successfully capitalise on this market growth, third party logistics providers (3PLs) must become more closely aligned to their customers and demonstrate a greater understanding of the differences in culture and characteristics of each regional market.

"Logistics markets vary by just about every measure available, such as size, growth, supply chain complexity, outsourcing culture and sophistication," said Mark O'Bornick, research director, Analytiqa.

"Customers in the United Kingdom may expect something different to customers in Spain. Likewise, opportunities for 3PLs in the pharmaceutical market are very different from those in the automotive sector," he added.

Analytiqa expects the UK to maintain its position as the most developed market for logistics in Europe. Although Germany will increasingly benefit from the migration of manufacturing activities eastwards across the continent, proving an increasingly attractive proposition for warehousing and transportation hubs.

"The logistics industry experienced a year of caution in 2006, as both 3PLs and their customers came to terms with consolidation amongst Europe's leading service providers," said O'Bornick.

"Looking ahead, whilst such consolidation is expected to continue, the logistics markets across Europe will experience growth and increased revenues, although the pressure to reduce logistics costs and margins will also impact the industry," he added.

Source: ArabianBusiness.comGAI


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