Hire 3PL Tender Management Experts - Logistics Avenue Consulting

Rising focus on core business activities along with reduced shipping costs is expected to spur the growth of the global market.

The introduction of e-commerce coupled with entrepreneurial ventures is also said to augment the demands for supply chain execution capabilities as well as specialized logistics.

In addition to this, sluggish economic growth and inconsistent freight volumes are also likely to hamper the overall market growth over the coming years.

The global market is segregated as services and regions.The services sector involves dedicated contract carriage, domestic transportation management, software, international transportation management, and warehousing & distribution.

The International Transportation Management (ITM) sector led the global market in 2014 and is expected to witness reach USD 340 billion by 2024.

The Warehousing & Distribution (W) sector occupied for more than 23 % of the total market share in 2014.

The scope of the global Biopharmaceutical Third Party Logistics (3PL) Market was appreciated at US$ 86.37 billion in 2018.

Growing adoption of automation in manufacturing facilities to reduce operational costs is driving demand for third party logistic services.

Supply Chain Insights Based on supply chain, the biopharmaceutical third party logistics market can be bifurcated into non-cold chain and cold chain.

Others segment includes procurement services, packaging, and custom and duty management.

Others segment is likely to expand at lucrative CAGR over the forecast period owing to rising focus on packaging of drugs in terms of uniformity, shelf life, and purity.

Regional Insights Regional segmentation includes Europe, North America, Asia Pacific, Latin America, and Middle East and Africa.

Tender Management is the process of planning, selecting and executing bids effectively, keeping a reasonable review that can be utilized to gather best practice for future contracts.

Tender Management systems are basically filing mechanism that enables buyers and suppliers to audit and re-examine the bid documentation, alongside the inquiries and answers that have been submitted in connection to the bid.

Nowadays, Governments in different countries are also mandating e-procurement in government contracts, implying that tender management systems are winding up progressively entitled in business e-procurement solutions.

We have seen that public sector buyers often re-tender, they have forgotten the lessons learned from past tenders and the end results in a tender notice which bring you to the square one and doesn’t respond to the needs of the authority.

Improve the results of past tenders.

Remind buyers of solutions that were previously handled by bidders, providing them ideas for necessities for “added value” when they re-tender for the same or comparative contracts.

There has been a complete shift of businesses, take it from the global economy falling down and the suffering end of the logistics and supply chain management industry.

The very first thing to know is that industries are going down, the globe is suffering, and if this doesn’t end, it might make things much worse.Coronavirus (COVID-19) outbreak has already impacted the global economy and healthcare of the common public, now the industries getting impacted because of the downfall of the logistic supply chain industry.

have impacted the supply of essential products and food utilities.Many countries, especially such as the major developed country, the USA, that rely on foreign manufacturers to supply them with goods and services are facing a shortage of supplies already with their business shut down.How bad is the impact of Coronavirus on Supply chain & Logistics IndustryThe logistics and supply chain management industry is one such sector of the market which when affected causes major disruptions up to the level of the common public.

It is a market that runs on the business deals and understanding of different countries with each other to provide the basic necessities to their people.Coronavirus outbreak has impacted the supply chain and logistics industry at a major level as the import and export is at the halt and the supply of services and products have stopped, causing a huge threat to the economy and availability of food items and stuff.As the demand falls, these industries have to settle and create suitable strategies and measures of production values, posing a threat to their economy and business growth.

At such a time, it would be an aiding option to contain the supply chain risk by using correct data sets and forecasting tools to get the right perspective of supply, also making right decisions as per the changing environment of the market would also be a good option.A market research company in India suggests after analyzing the ongoing situation that many businesses are to mobilize and st up rapid crisis management mechanisms in order to make sure their business continues.

Even though it might not be for a long-term basis, the logistics and supply chain management industry ought to plan for the medium and long-term plans to have resilience for future reference.Recovering and surviving the impact of Coronavirus on Supply Chain and LogisticsThis very stage is requiring businesses to estimate their inventory in their value chain.

DHL Global Forwarding has announced that leading global water technology company, Xylem, has chosen them as their primary logistics provider for humanitarian relief activities delivered through its corporate social responsibility programme - Xylem Watermark.

The global Third Party Logistics (3PL) Market is expected to value at USD 1.24 trillion by 2025.

The 3PL industry is subject to witness a substantial growth due to the recent technological advancement in the various logistics services, rising transportation activities in both developed and developing economies across the globe and increasing shipping demand.

The number of service providers are improving their supply chain capabilities due to numerous growth opportunities available, thereby driving market growth, in the recent years.

Globally, the third party logistics industry is predicted to grow at higher CAGR in the forecast period, providing numerous opportunities for market players to invest for research and development in the 3PL market.

Increasing transportation & infrastructural activates in the Asia Pacific and North America region is anticipated to boost market growth in the upcoming years.

Other application of the third party logistics services include private and local utility sector, healthcare industry, media and entertainment sectors.

Agility Ventures, a corporate venture arm of global logistics provider Agility, has committed to an ambitious environmental strategy by investing18 million in green supply chain technologies so far.

Agility also launched its latest sustainability report, 'Values into Action'.

Agility Ventures has made green technologies one of its four core investment areas.Read More ............