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Article: Frost & Sullivan Finds Complex Supply Chains Underline the Appeal of Outsourced Logistics.
- Article from:
- Journal of Transportation
- Article date:
- March 28, 2009
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The global outsourced logistics industry is poised for strong expansion due to a growing trend towards outsourcing by manufacturers in order to focus on their core competency. Frost & Sullivan's analysis "360 Degree CEO Perspective of the Global Logistics Industry" (http://www.automotive.frost.com/), finds that the global outsourced logistics industry is estimated to reach $648.57 billion in 2014.
"The global logistics market is at a prolific phase of its development," notes Frost & Sullivan Research Associate Archana Rajagopalan. "Although the transportation segment was hit by rising fuel prices, the industry has maintained a steady profit of ten to 15 ...