The Global Automotive Logistics market to grow at a CAGR of 6.43% over the period 2013-2018
Automotive manufacturers maintain strong partnerships with 3PL, which provides them with efficient cost-effective metrics as required. The Automotive industry uses logistics for the complete management of the way resources are acquired, stored, and moved to other locations. Most important is to generate a continuous supply of goods and services from different prominent suppliers and distributors in various regions.
China has become an emerging market because of the low cost of raw materials and an increase in export demand for vehicles. A major factor is the increase investment in IT systems, which will help manufacturing and logistics automotive companies to maintain their standardized offerings.
Further, profits are challenged by regulatory issues in different countries which are incurring additional costs such as fees and charges at different destinations and this is reducing their overall profit. This obviously concerns all the 3PL companies.
Research and Markets (http://www.researchandmarkets.com/research/3wqx8b/global_automotive) has announced the addition of the “Global Automotive Logistics Market 2014-2018”