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Charting growth trends in contract logistics markets to 2010 - In its latest published research, Central and Eastern European Logistics 2008, Analytiqa forecasts impressive growth for logistics expenditure.
Analytiqa's latest research, 'Central and Eastern European Logistics 2008- reveals that spending on contract logistics services across six key markets is set to increase by almost €7.3 billion over the next three years as the size of outsourced contract logistics market grows by 89%.
Whilst it is all to easy to focus on the negative aspects of developing an immature logistics industry across Central and Eastern Europe, such as the poor quality of the regions' transport infrastructure, or a chronic shortage of adequately trained logistics employees, the region nonetheless presents an enormous opportunity for the sustained growth of contract logistics activity.
Although growing from a relatively small base makes it somewhat easier to reach ‘headline' making growth, the figures are nonetheless impressive. Between 2005 and 2007, the largest individual market for logistics in the region, Poland, grew by 33%. Looking ahead, Analytiqa forecasts that smaller, less developed logistics markets such as Bulgaria and Romania are set for explosive growth rates. Logistics markets in Bulgaria are set for 82% growth by 2010, as Romanian markets grow by more than 22% per year... with 3PLs set to capture a significant share of this growth.
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