The global logistics market has evolved rapidly over the past two decades from one characterised by multiple, fragmented and independent transport and warehousing functions, to one in which diversified conglomerates dominate, says a new book by John Manners-Bell.
The book, Global Logistics Strategies: Delivering the Goods, the dynamic nature of the industry, means that there will be plenty more change in the coming years. A powerful mix of demand and supply side factors means that further re-structuring is inevitable, says a Transport Intelligence release.
The book identifies the shift of the economic balance of power towards Asia; increasing supply chain risk; e-commerce; further mergers and acquisitions; near-shoring/re-shoring and even ‘3D printing’ as just some of the issues which logistics providers will need to contend with.
“Twenty years ago nobody would have dreamt that the German Post Office would be a market leader in the international express, contract logistics, road and freight forwarding sectors or that China would be so important to the world’s logistics industry. It is likely that in another twenty years the market environment will be just as unrecognisable,” says Manners-Bell.
Even to many people within the industry itself, the global logistics and supply chain industry is a confusing mix of sectors and sub-sectors, characterised by diverse dynamics in which economic, technological and legislative factors all play a part.
Global Logistics Strategies: Delivering the Goods has been written in order to provide the reader with a clear understanding of how the industry has evolved and its prospects in the short, medium and long term. It explains how each sector works and why decisions are made, and is as essential to the seasoned veteran as the novice or student.
What is clear is that even after such a turbulent period of transformation, there is no sign that change in the logistics industry is slowing down.