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, Friday, December 15, 2006 on Rapid Growth of Organized Retailing - Driving the Indian Retail 3PL Market between 11 am and 12 noon Indian Standard Time (GMT + 5.5 hrs).
The booming Indian economy is leading to the burgeoning purchasing power of the consumers and the rapid growth of the retail sector, especially the organized retailing segment. Entry of several international retailing companies, along with domestic major industrial groups focusing on the retail sector is driving this growth. However, success in this competitive and dynamic sector depends on achieving an efficient logistics and supply chain, which could be provided by professional logistics service providers such as the 3PL companies. The 3PL market revenues in this sector are estimated to grow from $49.5 million in 2005 to $140 million by 2012, at a compound annual growth rate (CAGR) of 16.0 percent. While the market is continually expanding, 3PL service providers in India need to address a few challenges such as shortage of skilled manpower and highly diverse geographic conditions to gain maximum share in this market.
The number of participants in this market has grown to be more than 400 in 2005. The Indian retail 3PL industry can be divided into three distinct tiers: national 3PL companies with nationwide presence, regional 3PL companies with a strong presence in one or two regions, and local 3PL companies with small or remote presence.
Frost & Sullivan's research has identified that the largest market segment for 3PL services as of 2005 is transportation, followed by freight forwarding.
"In this robust environment, it is important for service providers to customize their service offerings coupled with competitive rates in order to truly capitalize this opportunity," observes Industry Analyst Srinath Manda, Automotive and Transportation Practice, Frost & Sullivan.
Recognizing the importance gained by the 3PL market in the Indian retail sector, this briefing is structured to address retail 3PL market definitions and segmentation, market trends and growth drivers, market size and forecasts, end-user analysis, industry profile and major participants, industry challenges, and future opportunities.
This briefing is expected to benefit all the 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. It will also assist the information technology service and solutions providers by giving insights on how to successfully venture into 3PL services. Lastly, this briefing would also benefit the logistics service end users in the Indian retail sector, who wish to 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=87448069
Or
Send an e-mail to Ravinder Kaur, Corporate Communications at ravinder.kaur@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 the 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
Ravinder Kaur, Corporate Communications, Frost & Sullivan, + 91 (044) 4204 4515 ravinder.kaur@frost.com
Source: Frost & Sullivan (Business Wire India)
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