Outsourced Logistics Expected To Grow Across EU

Jan. 13, 2005
Total spend on logistics outsourcing across the "EU15" will reach some 175.5 billion euros (US$218 billion) by 2008 and account for 45% of total logistics spend, according to market analyst firm Datamonitor plc. (The EU15 is comprised of the 15 member ...

Total spend on logistics outsourcing across the "EU15" will reach some 175.5 billion euros (US$218 billion) by 2008 and account for 45% of total logistics spend, according to market analyst firm Datamonitor plc. (The EU15 is comprised of the 15 member countries that made up the European Union prior to the May 2004 accession of 10 new countries.) The London-based information provider says reduced budgets, the desire for high-speed delivery systems, as well as forthcoming European legislation are driving the move away from in-house logistics models. In the European grocery retail sector, Datamonitor says outsourced logistics will account for 42% of total logistics spend in 2008, up from 39% in 2003. In the automotive sector, the percentage will increase from 52.2% in 2003 to 54.9% in 2008. Outsourced logistics spend will account for 24% of total logistics spend in pharmaceuticals in 2008, compared with 23% in 2003.

Popular Sponsored Recommendations

You Cannot Stay Competitive by Bolting New Technologies to a Legacy ERP

Oct. 20, 2023
Read this white paper to understand the benefits of shifting to a next-generation ERP system as part of a DOP.

How to Build Zero-Cost On-Site Solar and Storage Projects

Nov. 25, 2023
The Inflation Reduction Act offers tax credits, incentives, and financing that enable no-cost projects. In Enel’s eBook, discover the critical role that incentives play in your...

Powering Up Productivity: The Transformative Power of AP Automation in Manufacturing

Oct. 25, 2023
Discover how AP Automation is revolutionizing the manufacturing industry, driving efficiency, cost savings, and security. In today's world, automation is the key to staying competitive...

How Digital Twin Technology is Empowering Manufacturers

Sept. 27, 2023
This FAQ delves into why this technology offers business value and considerations toward implementation.

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!