LONDON, UK–TechNavio, a global tech-focused research firm has announced the publication of its market research report on theGlobal Food Logistics Market 2014-2018.
The food industry uses logistics for complete management of resources, including how they are acquired, stored and moved. The use of logistics helps ensure a continuous supply of durable and non-durable goods from different suppliers and distributors across various locations. The Global Food Logistics Market is expected to grow at a CAGR of 8.87 percent during the forecast period, the report said.
The latest report by TechNavio focuses on an increase in tie-ups with e-commerce retailers, which helps them serve customers beyond their geographical boundaries. In addition, the report emphasizes the growing demand for intermodal rail transportation, as this form of transport provides flexibility and storage capacity to food logistics vendors for transporting large and bulky goods to different places.
“The growing demand for intermodal services is mainly because of the high rate of freight conversion from road to rail transportation, which reduces fuel costs and avoids major challenges like regulatory issues and driver shortages. Many shippers are also investing in intermodal transportation to increase product security and storage capacity of their vehicles,” says Faisal Ghaus, Vice President of TechNavio.
For more information about the report see: http://tinyurl.com/mqolk54