Global 3PL Market in FMCG Industry expected to display higher growth rate in upcoming years!
18-dec-2018 The global 3PL market in FMCG industry is expected to display higher growth rate over the next seven years. Rapid surge in industry is credited to therecent technological advancement in the logistics sector, rising transportation activities in both developed and developing economies across the globe and increasing shipping activities. The number of service providers is improving their supply chain capabilities due to numerous growth opportunities available, thereby driving market growth, in the recent years. Globally, industry is predicted to generate massive revenue over next seven years, providing numerous opportunities for industry participants to invest in research and development of 3PL market in FMCG industry. Increasing demand for fast-moving consumer goods (FMCG) or consumer-packaged goods (CPG) is attributed to changing lifestyle, varying food patterns and rising disposable income. In addition, fast-moving consumer goods (FMCG) are relatively cheap and easily...