Additionally, the survey sheds light on the sector’s future outlook, highlighting trends, opportunities but also the driving forces behind the sector’s smart transition. Finally, as a growing number of retailers across all industries have been looking into innovative ways to improve their last mile economics and customer experience, they are increasingly turning to new click and collect solutions. The survey’s focused research compares the three models currently in use: Store Collection, Smart Lockers and the Curbside Pickup System.
Some of the research' key findings are comprised as follows,
Transportation and storage Gross Value Added (GVA) in Greece accounted for 7.5% of the total GVA economic activity for 2019, the 5th highest among EU-27 countries. The 3PL sector is showing significant growth, with an average 9.8% CAGR in the 3PL industry revenue from 2015 to 2019, with EBITDA and liquidity portraying an overall positive performance of the sector over the same period.
The Greek 3PL market mainly consists of small-medium players. 78% of the total 1 550 3PL companies have annual revenue below EURO 1 million. The market is competitive, highly fragmented despite the presence of many global logistics organizations and most companies are showing significant growth.
There is a high investment activity and interest in the Logistics industry. More than €150 million are expected to be invested in the development of storage & distribution facilities in the next few years.
The Greek market is very fragmented, with mainly small and medium sized 3PL providers. Consequently, the competitiveness of the market is one barrier for new entrants; however new investment within the Logistics sector is evident. Organizations are increasingly steering their attention towards automation optimization solutions like robotics automation and advanced analytics to gain more sophisticated insights of their operations. In addition, logistics key players are implementing more environmentally friendly solutions that eliminate emissions and overall waste to become more efficient.
Find out more in the “The Future of Transportation & Logistics” survey conducted by KPMG in Greece.
