Global Cross Docking Facility Market in Chemical Logistics Industry – Growth Analysis and Forecast| Technavio
LONDON–(BUSINESS WIRE)–#Logistics–Technavio’s latest market research report on the global
cross docking facility market in the chemical logistics industry
provides an analysis of the most important trends expected to impact
the market outlook from 2018-2022. Technavio
defines an emerging trend as a factor that has the potential to
significantly impact the market and contribute to its growth or decline.
According to Technavio market research analysts, the global cross
docking facility market in the chemical logistics industry will grow at
a CAGR of over 5% during the forecast period. The enhanced
efficiency in chemical logistics using cross docking facility is a major
factor driving the market’s growth.
Cross docking is a supply chain management solution where products from
a producer or provider are transferred directly to the seller or
consumer, with very little storage or dealing with time. Cross docking
can be one of the top options for supply chain management for several
industrial supply chains. Chemicals are difficult to ship and
challenging to store because of their hazardous nature. One of the
better ways to get goods, which are considered dangerous from the point
of origin to the destination is the most direct route.
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In this report, Technavio highlights the increased use of automation in
cross docking for better productivity as one of the key emerging trends
driving the global
cross docking facility market in the chemical logistics industry:
Increased use of automation in cross docking
for better productivity
Automated cross docking is advantageous in case of speedy delivery. The
automated cross docking system is generally used for push flows to
create a fast fashion model. Automated cross docking is gaining
popularity for dealing with food retailers and high-tech products and
electronics as it can achieve the short time-to-market window. Some of
the items that are required for a fully automated cross docking facility
are software, automatic material transport equipment, and automated
industrial vehicles.
“Software is needed in warehouse management for establishing a fully
automated cross docking facility in case of shortage of manpower for
loading and unloading. Automatic material transport equipment is needed
as they are designed to accommodate cross docking facility such as
multi-lane conveyor lines from the receiving dock to the shipping dock.
Automated vehicles are needed for transporting goods from the dock to
storage or from the storage to dock,” says a senior analyst at
Technavio for research on logistics.
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Global cross docking facility market in
chemical logistics industry segmentation
This market research report segments the global
cross docking facility market in chemical logistics industry
based on the type of cross docking (full pallet operation, case-load
order, and hybrid cross docking) and geography (the Americas, APAC, and
EMEA).
APAC dominated the global cross docking facility market in chemical
logistics industry in 2017, accounting for a market share of nearly 41%.
This region is expected to witness steady growth and dominate the global
market throughout the forecast period.
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