"The global outsourced logistics market is set to grow to an estimated US$590 bn by 2010 from US$440 bn this year which will mean more opportunities for logistics companies to expand.
Much of the growth will be organic but there will also be a great deal of activity in mergers and acquisitions as consolidation continues.
Mr. Al-Saleh picked out China and India as having great potential for growth in terms of demand for logistics services in the next five years.
"Research shows that India and China combined have 40 per cent of the world's population but account for only seven per cent of global GDP, so there is scope for significant economic growth as their industry and trade develops. We see many opportunities in Asia in the years ahead," said Mr. Al-Saleh.
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Consolidation to continue as logistics market grows
- Kuwait: Wednesday, September 05 - 2007 at 12:23
- PRESS RELEASE
Mergers and acquisitions are to continue in the expanding logistics services sector said Essa Al-Saleh, CEO and President of Global Integrated Logistics for Agility, speaking at the Airfreight Asia conference in Hong Kong.
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About AgilityAgility is a global provider of integrated supply chain solutions with more than 20,000 employees, 450 offices in 100 countries around the world and over $4.5 billion in annual revenue. A publicly traded company, we offer our customers truly personalized service and flexible solutions tailored to meet their individual business needs, supported by a comprehensive network of warehousing facilities, transportation and freight management services.
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Posted by Lara Lynn Golden, News EditorWednesday, September 05 - 2007 at 12:23 UAE local time (GMT+4)
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