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Article: Despite Market Maturity, IDC Forecasts Logistics BPO Market to Grow 12% to Reach $276 Billion by 2007.
- Article from:
- PR Newswire
- Article date:
- April 21, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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FRAMINGHAM, Mass. -- FRAMINGHAM, Mass., April 21 /PRNewswire/ -- Logistics BPO services is a relatively mature market as companies have embraced the outsourcing of logistics components for over a decade. Despite this maturity, the industry has been undergoing transformation, particularly over the last several years. Globalization, technological advancement, speed-to-market issues, and overall economic pressures have caused major shifts in the drivers underlying client demand for BPO services. Against this backdrop, a new study from IDC forecasts the worldwide logistics BPO market to expand from $155.8 billion in 2002 to $276.5 billion in 2007, a five-year compound annual ...