Logistics is defined as arranging and transporting resources from one site to the storage of the intended destination, including equipment, food, liquids, inventories, materials, and people. It controls the flow of commodities from the point of origin to the point of consumption to fulfill client demands. Logistics management is concerned with the efficient and effective administration of everyday operations related to the production of completed goods and services by a corporation. This sort of management is a part of supply chain management and is responsible for planning, implementing, and controlling the efficient, effective forward, reverse, and storage of commodities. Third-Party Logistics (3PL), Fourth-Party Logistics (4PL), inbound logistics, outbound logistics, reverse logistics, green logistics, construction logistics, digital logistics, military logistics, and other logistics services are all part of the logistics industry.
Kuehne+Nagel, FedEx, DHL, Etihad Secure Logistics, and United Parcel Service of America, Inc – Prominent Market Participants in MEA Logistics Market
Market growth is fueled by factors such as the expanding e-commerce industry and an increase in reverse logistics operations and trade agreements. In addition, the rising acceptance of IoT-enabled linked devices and the emergence of tech-driven logistics services are propelling market growth. However, the market’s growth is hampered by manufacturers’ lack of control over logistical services and increasing logistics expenses. Furthermore, the rise of last-mile deliveries, logistics automation, cost reduction, and lead time reduction due to implementing a multi-modal system is boosting the market growth. Several new technologies are making their way into the ever-complicated area of logistics, with the potential to increase communication while also improving speed and precision. Robotics solutions are already infiltrating the logistics sector, enabling zero-defect procedures and increasing efficiency due to rapid technology improvements and lower costs. Businesses have a strong and rising desire to embrace digitalization.
The top five companies in the market Kuehne+Nagel, FedEx, DHL, Etihad Secure Logistics, and United Parcel Service of America, Inc. The above listing of key players is derived by considering multiple factors such as overall revenue, current well completion equipment and services portfolio, new product launches, market initiatives, investment in technology up-gradation, mergers & acquisitions, and other joint activities. A few of the important market initiatives and product developments from the industry are mentioned below:
| Year | News | Country |
| 2022 | In central Israel, DHL Express has opened the Middle East’s largest robotic sorting centre. A hundred conveyor belts sort 20,000 items every hour, five times faster than before, and are comparable to the most advanced centres in Europe. | MEA |
| 2021 | Agility and DSV Panalpina A/S have signed an agreement to acquire Agility’s Global Integrated Logistics (GIL) business. The combination is expected to create a top-three global freight forwarder based on revenues. This development would help the company to creates significant shareholder value and marks a new milestone in the company’s growth. | MEA |
| 2019 | At Gulfood 2021, Al-Futtaim Logistics announced its expansion into the food and beverage logistics services. The news comes as the company expands its services to provide all-inclusive last-mile home delivery solutions to e-commerce and marketplace clients.. | MEA
|
