LONDON--(BUSINESS WIRE)--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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