Global Contract Logistics Report 2016 - Research and Markets

DUBLIN, May 27, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Contract Logistics 2016" report to their offering.

The report, Global Contract Logistics 2016, provides a comprehensive overview of the market including, the first time in the series, a dedicated chapter on the adoption of technology throughout the industry.

Key findings

- Before implementing technology solutions, LSPs must have a clear understanding of the information and data required at the strategic, tactical and operational level.

- Sophisticated technology systems are no longer reserved for those with the largest budgets. Even the smallest LSPs can implement effective technology solutions given the proper understanding of their requirements.

- With greater data sharing traditional barriers between operation and support departments within companies have been reduced greatly. As a consequence, these new work flow processes throughout the entirety of the supply chain require new platforms.

- Transition from legacy systems will require a huge amount of investment and, in some cases, could realistically expect to cost millions of dollars, much or which may never be recovered.

- Successes for many LSPs rely heavily on the level of visibility they have within their own supply chains from procurement all the way through to final delivery.

This years report includes an overview of the impact shifting attitudes towards sustainability have on the contract logistics market. Key findings from this section of the report include:

- The adoption of supply chain practices has undeniably resulted in massive economic benefits, both in the emerging as well as the developed world not only for economies but also as a tool for improving general living standards for many millions.

- Economic, environmental and societal issues are bound tightly together. In order to ensure a long term, sustainable future for global supply chains, companies must build collaborative, multi-stakeholder approaches to creating value which don't impact on the environment or have a negative impact on the environment or have a negative impact on people's well-being.

- Green Supply Chain Management (GSCM) as a concept has been growing in popularity over the past decade. Just because a company out-sources its production or logistics does not mean to say that it can out-source moral responsibility at the same time.