Growth of Automated Warehouses, Increasing E-commerce Penetration, Infrastructure Development and Increasing Customer Expectations were the key factors driving growth of Brazil Logistics Market.
The report titled “Brazil Logistics Market by Service Mix (Freight Forwarding Market, Warehousing Market and Value Added Services), by Third Party Logistics, by Cold Chain Logistics, By Express Delivery Logistics and by Industries (Oil & Gas, Engineering Equipment, Food & Beverages, Metals, Automotive and Others) - Outlook to 2022” by Ken Research suggested that increasing government initiatives and growing competition in logistics industry will majorly contribute to the overall revenue growth of Brazil logistics market in next 5 years till 2022.
Brazil ranked 55th globally, by the 2016 logistics performance index and the logistics cost has accounted for major share in the GDP of the country. As Brazil emerges from a devastating recession, the Brazilian government is facing a tight fiscal situation which has limited their ability to spend money on large investment projects which has been major obstruction in growth of the logistics sector. The Brazilian economy witnessed a major decline in 2015 and 2016 and over-dependence on commodities, high operating cost, high inflation, and low produc
tivity have been major challenges in recent years. Brazil’s culture, proximity to the United States and level of development make it a prime location for logistics market. Brazil has an extensive transportation network made up of highways, airports, ports, railways and waterways, but transportation by road freight accounted for almost 45% of the overall freight market during 2017.
With the Growth Acceleration Program and the new stage of the Program of Investment in Logistics (PIL), logistics improvements in highways, railways, and waterways will be benefited. The logistics and warehousing market is undergoing a complete digital disruption, driven by technologies in automation and management systems and introduction of new business models such as on-demand freight brokerage, and innovations in freight delivery. Brazil logistics market will flourish in upcoming years on account of increased demand for same day delivery, increasing customer expectations, growing population and rising agricultural & retail industry.
Key Topics Covered in the Report
3PL Companies in Brazil
Cold Storage Warehouses in Brazil
Cold Storage Warehouses in Brazil
America Latina Logistica Market Share
Freight Forwarding Companies in Brazil
JSL S.A. Revenue from Logistics
Logistics Infrastructure in Brazil
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