The complex procedures required to move items from their place of origin to their destination are referred to as logistics and freight, and they are crucial elements of international trade. Logistics is the strategic planning, arranging, and carrying out of this transportation operation. The term “freight” describes the items being transported, which may include both raw materials and completed commodities. Every player in this intricate ecosystem—manufacturers, suppliers, transporters, warehouses, and retailers—plays a crucial part in ensuring the smooth flow of goods.
According to SPER market research, ‘South America Freight And Logistics Market Size – By End User, By Logistics Function – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the South America Third Party Logistics Market is predicted to reach USD 276.49 billion by 2033 with a CAGR of 5.52%.
Drivers:
Some of the key drivers driving the expansion of the logistics market in South America are the emergence of reverse logistics operations, the growth of the e-commerce sector, the rise of tech-driven logistics services, and the expanding use of IoT-enabled linked devices.
Moreover, the expanding middle class and economy of the area are boosting consumer demand for goods, resulting in an increase in freight traffic. Furthermore, the wealth of natural resources and agricultural productivity in South America provide chances for logistical operations focused on exports. Because of its strategic location as a gateway between North America, Europe, and Asia, the region is advantageous for international trade.
Challenges:
The physical, infrastructure, and industrial characteristics of South America present a number of issues for the freight and logistics industry. South America’s landscape, which is large and varied and features mountains, rivers, and thick woods, presents several difficulties and expensive development expenses for its transportation system. In certain places, insufficient road and rail infrastructure can cause inefficiencies and delays in the movement of commodities. Furthermore, there are drawbacks to depending solely on sea transit for global trade, including crowded ports, ineffective customs processes, and potential piracy in particular areas.
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Impact of COVID-19 on South America Freight and Logistics Market
The COVID-19 epidemic has caused a surge in the region’s e-commerce industry, and this growth is anticipated to last for the duration of the forecast. Furthermore, the COVID-19 pandemic has brought both benefits and challenges to the logistics and freight industry in South America. The interruption of international supply networks brought on by border closures, travel restrictions, and lockdowns implemented to stop the virus’s spread is one of the major problems facing the region’s freight and logistics sector. The current shortages of necessities, rising transportation expenses, and delays in freight movement are all the result of these disruptions.
South America Cold Chain Logistics Market Key Players:
Additionally, Some of the market key players are Agunsa Logistics, Alonso Group, Americold, CMA CGM, DB Schenker, Deutsche Post DHL Group, DP World, DSV A/S (De Sammensluttede Vognmænd af Air and Sea).
Saudi Arabia Retail Logistics Market Segmentation:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecast for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.
By End User: Based on the End User, South America Freight And Logistics Market is segmented as; Agriculture, Fishing and Forestry, Construction, Manufacturing, Oil and Gas, Mining and Quarrying, Wholesale and Retail Trade, Others.
By Logistics Function: Based on the Logistics Function, South America Freight And Logistics Market is segmented as; Courier, Express and Parcel, Freight Forwarding, Freight Transport, Warehousing and Storage.
By Region: This research also includes data for Argentina, Brazil, Chile, Rest of South America.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
For More Information, refer to below link:-
South America Third Party Logistics Market Future Outlook
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