Contract Logistics Market Trends

Contract Logistics Market Trends

Growing focus on sustainability and rapid adoption of green logistics will accelerate contract logistics business expansion. Contract logistics providers are increasingly focusing on sustainable practices, including reducing carbon emissions, adopting eco-friendly transportation options, and implementing more efficient warehouse management to minimize environmental impact. Clients are demanding greener supply chain solutions, and providers are integrating sustainability into their services, which, in consequence, will foster the adoption of contract logistics services.
 

For instance, in May 2023, Merck Lifescience entered into a strategic agreement with LP Logiscience, the warehousing and contract logistics division of the renowned Liladhar Passo group. In a significant development, LP Logiscience has introduced its inaugural electric vehicle (EV) to distribute finished products from their Rasayani facility to Merck Lifescience customers throughout Mumbai. This collaboration is an integral component of both Merck and LP Logiscience's shared dedication to advancing mutual sustainability objectives and transitioning toward environmentally responsible distribution services with a focus on carbon neutrality.