Free press releases distribution network?

Agency / Source: Frost & Sullivan

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



Indian Logistics Service Providers Lag Significantly Below End-user Expectations on Key Performance Criteria Finds Frost & Sullivan - Indian logistics service providers (LSPs) lag significantly below end-user expectations on key performance criteria such as attitude of staff, process improvement capabilities and material safety
Indian Logistics Service Providers Lag Significantly Below End-user Expectations on Key Performance Criteria Finds Frost & Sullivan

 

PRZOOM - /newswire/ - Mumbai, India, 2010/02/18 - Indian logistics service providers (LSPs) lag significantly below end-user expectations on key performance criteria such as attitude of staff, process improvement capabilities and material safety.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Moving/Storage/Logistics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

The fifth annual 'Voice of the Customer' study from Frost & Sullivan (automotive.frost.com), Indian Logistics Industry Benchmarking Study and Analysis of Outsourcing Trends, finds that LSPs in India performed well above end-user expectations in some key performance criteria but lagged significantly on other important criteria.

The study also established that transportation was the most outsourced function to logistics service providers, followed by freight forwarding. Almost all companies from across all industries largely outsourced transportation functions, while about 60 percent of companies from across all industries outsourced freight forwarding functions to LSPs. Interestingly, warehousing was outsourced by only about half of the companies.

If you are interested in more information on this study, please send an email to Ravinder Kaur / Nimisha Iyer, Corporate Communications, at ravinder.kaur[.]frost.com/ niyer[.]frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country.

"About 90 percent of users across industries mentioned cost saving followed by preference to focus on core competency as the primary reasons for engagement of logistics service providers," says Frost & Sullivan Industry Analyst Srinath Manda.

The findings from the performance benchmarking of Indian LSPs, which is based on the ratings provided by leading end-users from 8 key industry sectors in the country revealed that LSPs performed well above user expectations on few key parameters such as fleet size, vehicle quality, number of warehouses, and warehouse size. With regard to aspects such as value addition, consignment tracking facility, and cost saving initiatives, LSP performance came close to end-user expectations. However, the Indian LSPs have lagged significantly behind end-user expectations on key performance criteria such as process improvement capabilities, material safety, and attitude of staff.

Another interesting fact found by the study is the lower preference of end-users for long-term contracts with LSPs. Observations reveal that long-term contracts between LSPs and end-user companies were found to be low across all industries in the country. A majority of the companies either had no contracts with LSPs or had just one year contracts, indicating a tendency toward frequent change of LSPs.

"Foremost among the challenges in logistics for a majority of companies across industry verticals are safety of goods during transit and warehousing, inefficiency of LSPs in adhering to timelines and the low skill levels of logistics personnel," says Srinath. "Inability of LSPs to keep pace with evolving volumes of end users and the lack of multimodal transpiration capabilities are other impediments. Further, the risk of information leak is a cause for angst among end-users."

Moreover, a significant share of companies across industries could not gain notable (5 percent or more) improvement in their logistics efficiency despite using 3PL providers. About two-thirds of automotive industry was in this category, while about 55 percent of companies from auto components and pharma industries also reported to be in this category.

End-user opinions revealed that major opportunities for third party logistics (3PL) service providers in India exist in developing technology solutions and infrastructure (logistic parks), as well as providing multimodal transportation.

"LSPs should strive to improve their performance on criteria where they currently lag below end-user expectations, apart from adopting advance methods and technologies in supply chain and use them to offer better services to end-users, which is likely to reduce the challenges and concerns of end-users," observes Srinath.

Indian Logistics Industry Benchmarking Study and Analysis of Outsourcing Trends is part of the Automotive & Transportation Growth Partnership Service program, which also includes research in the following markets: Strategic Analysis of Cement Transportation Market in India, Strategic Assessment of Containerization Trends in India, and Strategic Analysis of Liquid and Gaseous Cargo Transportation Market in India. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 40 offices on six continents.

Indian Logistics Industry Benchmarking Study and Analysis of Outsourcing Trends / P38D

Contact:
Tanu Chopra
Corporate Communications – Middle East
P: +91 22 4001 3437
F: +91 22 2832 4713
E: tanu.chopra[.]frost.com

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Moving/Storage/Logistics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: Frost & Sullivan

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Moving/Storage/Logistics articles,
CATCH Visitors via Your Competitors Announcements!


Indian Logistics Service Providers Lag Significantly Below End-user Expectations on Key Performance Criteria Finds Frost & Sullivan

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
Frost & Sullivan |
Contact: Ravinder Kaur / Nimisha Iyer 
+91 44 42044760 / +91 98200 50519 ravinder.kaur[.]frost.com / niyer[.]frost.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Frost & Sullivan securities in any jurisdiction including any other companies listed or named in this release.

Moving/Storage/Logistics via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From Frost & Sullivan / Company Profile


Read Moving/Storage/Logistics Most Recent Related Press Releases:

Frost & Sullivan Lauds the Outstanding Customer Value Offered by Kathrein's RFID Solutions for the Logistics Market
Kuehne + Nagel Expands its KN PharmaChain Network Offering Cold Chain Logistics in San Juan
Belcorp and Kuehne + Nagel Enter into Supply Chain Management Partnership
Kuehne + Nagel Continues to Expand its Services for BMW Group Aftersales Logistics
Kuehne + Nagel Introduces TRANSPOREON Platform as Digital Carrier Interface
Kuehne + Nagel Pioneers New Application of Logistics Market Intelligence as Part of its Digital Evolution
AkzoNobel Extends Successful Logistics Cooperation with Kuehne + Nagel
OSRAM and LEDVANCE Brazil Outsource Logistics Activities to Kuehne + Nagel
Leonardo-Finmeccanica and Russian Post Signed An Agreement to Build A Logistics Hub in Novosibirsk
Kuehne + Nagel Wins Huawei ESC’s 2015 Quality Excellent Award

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  JobsWare.com

Visit  BizJobs.com







 
  ©2016 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today