Chennai, Tamil Nadu, India
Frost & Sullivan's Automotive and Transportation Practice South Asia and Middle East (http://www.transportation.frost.com) will host an analyst briefing webinar on Third Party Logistics in India on August 29, 2006, 11 am to 12 Noon Indian Standard Time (GMT + 5.5 hrs).
Third Party Logistics (3PL) industry's origin in India can be traced back to the mid 1990s. The industry was pioneered by global logistics majors as a part of extending these services to the Indian subsidiaries of multinational companies in automobile, electronics and FMCG sectors. Though insignificant in the first few years, the Indian 3PL industry has experienced a rapid growth after 2000.
The number of participants in this industry had grown to be more than 400 by year 2005. The Indian 3PL industry can be divided into three distinct tiers: Majors 3PL companies (with nationwide presence, Regional 3PL companies with strong presence in one or two regions, and Local 3PL companies with small or remote presence.
Frost & Sullivan's research identifies that the largest end-user industry for 3PL services as of 2005, is the automotive sector, followed by IT electronics, Pharma and Retail sectors.
"The Indian 3PL market is set to grow tremendously in the next 5-7 years, spearheading the growth of the logistics market. As Indian industries strive to achieve efficient logistics and supply chains to cope with the competitive pressures and market demands, the 3PL service providers, who own the expertise and infrastructure to efficiently manage logistics are proving to offer a good solution for their needs, resulting in a huge growth of Indian 3PL market. However, certain challenges like infrastructure limitations and end-user concerns need to be addressed to maintain the momentum," observes Srinath Manda, Industry Analyst, Automotive & Transportation practice Frost & Sullivan.
The key highlights of this briefing are: Market Definitions and Segmentation, Market Growth Insights, Market Trends and Growth Drivers, Industry Challenges, Industry Profile and Major Participants, End-Users Profile and Segmentation and Related and Upcoming Research Services
This briefing will benefit all existing logistics service providers in India who wish to expand their business under the 3PL model, as well as those who plan to offer such services. This would also benefit the information technology service and solutions providers, by giving insights to successfully venture into 3PL services. Lastly, this briefing would also benefit the logistics service end users in various industry sectors in India, who wish to understand its importance and improve their logistics practices.
Those interested in registering for the interactive webinar kindly click the link below:
http://www.frost.com/prod/servlet/analyst-briefing-detail.pag?mode=open&sid=78338179
Or
Send an email to Samantha Unnikrishnan Corporate Communications at sunnikrishnan@frost.com with the following information: full name, company name, title, telephone number, e-mail address, city, state and country. The registration details will be emailed to you upon receipt of the above information.
About Frost & Sullivan: Frost & Sullivan, a global growth consulting company has been partnering with clients to support the development of innovative strategies for more than 45 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit http://www.frost.com
Samantha Unnikrishnan, Corporate Communications, Frost & Sullivan, + 91 (044) 4204 4667 sunnikrishnan@frost.com
Source: Frost & Sullivan (Business Wire India)
Press release presented here is sourced from the Source mentioned above and is provided on as-is basis. Please contact the Company / Source directly for any further information in regard to this release. This website will be unable to assist you in regard to the accuracy or correctness of information in this release.
