The smooth movement of goods and materials from the point of origin to the point of consumption is made possible by logistics and warehousing, which are crucial elements of supply chain management. Among the operations that fall within the scope of logistics are transportation, inventory management, and information flow. In order to satisfy customer demands while keeping costs to a minimum, it involves coordinating the delivery of goods, managing storage facilities, and enhancing distribution networks.
Australia Logistics and Warehousing Market Driving Factors and Challenges
Because of the country's expanding manufacturing and retail sectors, rising disposable income, expanding number of international businesses, and rising value of exports and imports, it was observed that the Australian Logistics Market was in a growth stage during the period. Due to rising infrastructure spending, e-commerce, and cold chain facilities in Australia, the business is booming. Following warehouse and courier and parcel services as the major contributors to the logistics industry's income is the goods forwarding sector. The whole Australian logistics sector also includes a sizeable percentage of value-added services.
It is anticipated that the Australian storage and logistics sector would expand in the anticipated period. The logistics and warehousing market in Australia will continue to be dominated by the freight forwarding market. The government has started a number of initiatives to improve the nation's infrastructure, which will help the logistics business thrive in the next years. The demand for warehouse storage and transportation & logistics facilities would increase due to the country's expanding retail and FMCG industries. With the introduction of cloud logistics, drone facilities, automation, and other technologies, the sector will shift towards digital growth.
However, there are still many issues in the Australia logistics and warehousing industry. The two main market barriers are duplicated processes and cost-saving measures. A product may be handled more than once due to the nature of the storage mechanism utilised by the warehouse workers. Passing the same ticket through multiple hands by warehouse employees is a huge waste of resources. Despite occasionally being required, these time- and labour-consuming operations are useless. Additionally, there is a shortage of qualified professionals and skilled labour in the logistics and warehousing industry. Workers with experience in inventory control, supply chain management, and technology integration are in high demand in the sector.
Impact of COVID-19 on Australia Logistics and Warehousing Market
The logistics and warehousing market in Australia has been significantly impacted by the COVID-19 outbreak. First of all, lockdowns and travel restrictions have disrupted the global supply chain, which has impeded the movement of goods and raw materials. The restricted availability of international shipping services and the constrained capacity of air cargo have led to delays and increased transportation costs, impacting the overall efficacy of logistics operations. Second, because more individuals are turning to online shopping to suit their needs, the epidemic has accelerated the transition to e-commerce. With more people engaging in e-commerce, there is a greater demand for logistics and storage services, particularly last-mile deliveries and fulfilment centres.
Australia Logistics and Warehousing Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Aramex, Brambles, Ceva Logistics, DB Schenkar, DHL Group, FedEx Corporation, Linfox, Toll Group, United Parcel Service, Others.
Australia Logistics and Warehousing Market Segmentation:
By Type of Services: Based on the Type of Services, Australia Logistics and Warehousing Market is segmented as; 3PL, Freight Forwarding, Parcel Services, Warehousing & Cold Chain.
By Warehousing: Based on the Warehousing, Australia Logistics and Warehousing Market is segmented as; Cold Chain, Cold Storage, General Warehouses.
By Freight Forwarding: Based on the Freight Forwarding, Australia Logistics and Warehousing Market is segmented as; By Air, By Rail, By Road, By Sea.
By Region: This research also includes data for New South Wales, Queensland, South Australia, Victoria, Others.
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.