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COVID-19 Impact on Logistics & Supply Chain Industry Market 2020-2021: DHL, UPS, FedEx, Kuehne+Nagel, CEVA Logistics, DB Schenker, SNCF, XPO Logistics, Kenco Group, Hitachi Transport System and Others.

05-05-2020 11:34 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ReportsandReports

COVID-19 Impact on Logistics & Supply Chain Industry Market

According to Market Study Report, Logistics & Supply Chain Industry Market provides a comprehensive analysis of the Logistics & Supply Chain Industry Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape and emerging opportunities of global industry. This report also provides market landscape and market share information in the Logistics & Supply Chain Industry Market. An exclusive data offered in this report is collected by research and industry experts team.

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Post COVID-19, the global logistics market size is projected to grow from USD 2,734 Billion in 2020 to USD 3,215 Billion by 2021, at a Y-O-Y of 17.6%. This report spread across 60 pages, profiling 10 companies and supported with tables and figures are now available in this research.

Top Key Players Profiled in the Logistics & Supply Chain Industry Market:
o DHL (Germany)
o UPS (US)
o FedEx (US)
o Kuehne+Nagel (Switzerland)
o CEVA Logistics (Switzerland)
o DB Schenker (Germany)
o SNCF (France)
o XPO Logistics (US)
o Kenco Group (US)
o Hitachi Transport System (Japan)

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"FMCG is expected to have the largest market sizing in the global logistics market during the forecast period."
FMCG and healthcare are among the major industries facing prominent logistics challenges. Most consumers are experiencing the fear of limited availability of fast-moving consumer goods as well as healthcare goods such as disinfectants. Most countries are experiencing supply pressure due to panic buying by consumers amid COVID-19 impact. As a result, FMCG companies are continuously tracking the current situation and are coming up with new strategies to ensure continued supply.

"Roadways is the largest segment for the logistics market by mode of transport."
Roadways are relatively less affected by the COVID-19's impact on the logistics sector when compared with airways and waterways. Trucking is seen as a critical mode of transport amid the pandemic. However, the primary concern faced by the road transport segment is driver shortage and ensuring the health safety of the available drivers as well as their infrastructure.

"Asia Pacific to have the largest market size during the forecast period"
Asia Pacific is expected to have the largest logistics market size as the region has taken stringent and quite early measures to contain the virus outspread. China has started to recover from the COVID-19 pandemic faster than any other country. Only some provinces of the entire country are in lockdown after the second wave of COVID-19. The World Health Organization has also appreciated India's control over the spread of the pandemic. This has allowed the logistics and supply chain companies to meet consumer demands during the pandemic situation.

Breakdown of primary participants' profile:
o By Company: Logistics Companies-60% and Others-40%
o By Designation: Directors-60%, C level - 40%
o By Region: Asia Pacific- 80%, Europe - 10%, and Others - 10%

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Reason to access this report:
o Logistics market size, by industrial vertical: The report offers in-depth market sizing and forecasts up to 2021, based on automotive, FMCG, healthcare, energy & utilities, and industrial machinery & equipment. The market sizing for industries is covered at the regional level, considering the detailed impact analysis of COVID-19.
o Logistics market size, by mode of transport: The report offers in-depth market sizing and forecasts up to 2021, based on the mode of transport, such as roadways, railways, airways, and maritime. The market sizing for the mode of transport is covered at a regional level, considering a detailed impact analysis of COVID-19.
o The report provides insights on the impact of COVID-19 on key industry verticals impacting the logistics market.
o Market development: The report provides comprehensive information about lucrative emerging markets for the logistics industry across regions, considering the detailed impact analysis of COVID-19.
o Product development/innovation: The report gives detailed insights key changes adopted by logistics companies as well as industry verticals, considering detailed impact analysis of COVID-19.
o Market opportunities: The report offers detailed information about new markets/business opportunities created due to COVID-19.

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