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Global logistics market still contracting, consolidating

Published Thursday, November 19, 2009

A new study finds that the ongoing worldwide economic recession continues to afflict the global logistics industry, resulting in a still-shrinking market for logistics services. That in turn is leading to more collaboration and consolidation among logistics companies. “Fluctuating demand, the liquidity crunch in the market as well as this narrow focus on industry sectors, has put logistics service providers (LSPs) in a challenging situation,” said Prasanna Sriraman, a research associate with Frost & Sullivan. “As most sectors including automotive, retail and consumer electronics are affected by the recession, so too are the LSPs that ...

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