The growth of Southeast Asia third party logistics market is attributed to the development in manufacturing, automotive, e-commerce, and other industries as these sectors involve transportation, warehouse, packaging & labelling, inventory management, freight forwarding, etc.,. along with facilitating these services and on-time delivery of goods and services. Moreover, the increasing demand to lessen overall operational cost and surge the focus on providing timely delivery is anticipated to positively impact the growth of Southeast Asia third party logistics market in the forthcoming period.
Indonesia and Thailand captured a significant market share in Southeast Asia third party logistics market in 2019. This is attributed to the increasing focus of manufacturing companies on reducing assets and emphasize on core business. In addition, strong economic growth and rising industrialization has led to the growth in consumption of fast-moving consumer goods, automobiles, household items, etc. Hence, it has boosted the retail sales thereby strongly contributing to the growth of third party logistics market in Indonesia and Thailand.
The key players present in the Southeast Asia third party logistics market include Deutsche Post AG, Nippon Express Co., Ltd., C.H. Robinson Worldwide, Inc., Kuehne + Nagel International AG, XPO Logistics, Inc., DB Schenker, etc. The companies are increasingly taking initiatives to gain a competitive edge in the industry. For instance, In 2018, DHL Parcel and DHL eCommerce started providing a solution to the online retailers to fulfil their e-commerce requirements with a global fulfilment platform and new fulfilment centres in the UK, Americas and Southeast Asia.
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