Freight and logistics encompass the complete process of conveying, organising, and arranging commodities or cargo from one area to another. It refers to the entire supply chain, which includes modes of transportation such as road, rail, air, and sea. Freight is the physical movement of goods, whereas logistics is the strategic planning, management, and optimisation of these movements. Effective freight and logistics management ensures that products are delivered on time and efficiently, while also lowering costs and improving operational efficiency.
According to SPER Market Research, ‘Mexico Freight and Logistics Market Size – By Logistics Function, By End Use Industry – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ states that the Mexico Freight and Logistics Market is estimated to reach USD 192.2 billion by 2033 with a CAGR of 5.82%.
Drivers:
The products and logistics industry in Mexico is strongly related to regional economic developments. To begin, e-commerce’s quick growth has emerged as a crucial driver, resulting in an unprecedented surge in demand for efficient transportation and distribution networks. As a result, third-party logistics companies have become increasingly vital in handling complicated supply chain operations. Furthermore, technology advancements have revolutionised the industry, with automation, artificial intelligence, and data analytics enhancing route planning, inventory management, and overall operational efficiency. Furthermore, environmental sustainability has emerged as a key driver in the goods and logistics industry, with a growing emphasis on environmentally friendly operations.
Restraints:
Security risks pose a significant challenge to Mexico’s logistics business. High levels of criminal activity and cargo theft in specific locations can disrupt supply networks and result in large financial losses. To mitigate these risks, logistics companies might invest on security measures like GPS tracking, surveillance systems, and secure storage facilities. However, these approaches may increase operational costs, reducing the overall profitability of logistics operations. Furthermore, regulatory complexities and customs procedures might create bottlenecks in the logistics industry. Navigating the regulatory landscape, ensuring compliance with complex trade and customs regulations, and dealing with bureaucratic red tape may be time consuming and costly.
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The Covid-19 pandemic caused worldwide supply chains to break and demand to fluctuate, posing hitherto unheard-of obstacles to the logistics sector. On the other hand, the pandemic hastened the implementation of contactless deliveries and digital solutions, which has improved productivity and satisfied customers. The industry’s ability to bounce back from the pandemic highlights how important it is to the flow of necessities and the continuity of the supply chain.
Mexico’s northern area, which comprises the states of Baja California, Chihuahua, and Nuevo León, is a major manufacturing and commercial powerhouse. The region’s proximity to the United States makes it an important cross-border commercial hub, with a large volume of products passing via ports of entry such as Tijuana, Ciudad Juárez, and Laredo. Major market participants include Accel LogÃstica, Aeromexico Cargo4, Agility Public Warehousing Company K.S.C.P, C.H. Robinson, DB Schenker, DHL Group, and others.
Mexico Freight and Logistics Market Segmentation:
By Logistics Function: Based on the Logistics Function, Mexico Freight and Logistics Market is segmented as; Courier, Express and Parcel, Freight Forwarding, Freight Transport, Warehousing and Storage, and Others.
By End Use Industry: Based on the End Use Industry, Mexico Freight and Logistics Market is segmented as; Agriculture, Fishing and Forestry, Construction, Manufacturing, Oil and Gas, Mining and Quarrying, Wholesale and Retail Trade, and Others.
By Region: This research also includes data for North, South, East, West, central.
For More Information, refer to below link: –
Mexico Logistics Market Outlook
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