|【英語タイトル】Chile Third-party Logistics (3PL) Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)
❖ レポートの概要 ❖
The Chile 3PL market is anticipated to register a growth rate of 4.78% during the period (2021-2026). During COVID-19, the Chilean port maritime union highlighted that the country continues to operate smoothly and without significant alterations to imports and exports, as well as to the national supply system. Many airlines that operate in Chile and the world have suspended flights to the areas most affected by the covid, which has hit Foreign Trade activity by air by 70%. An alternative to mitigate these effects is the use of cargo couriers.
Grocery purchases in supermarkets through the online channel and, especially, home delivery have gained strength in Chile. The market saw an increase of three times the normal demand, especially in the categories of restaurants, pharmacies, and supermarkets, with an average increase in the supermarket category in the region of 70%.
Chile has one of the most stable and free-market economies in Latin America. Although logistics in Chile is still on a path to development, import, and export operations from the country have increased in the last few years. The country’s perfect geographic location offers great potential to countries like Europe, Asia and South, and Central America to connect by air, sea, or land. There is an increase in exports for fruits like red cherries from Chile to other countries like China which is providing increased opportunities to air cargo providers to enhance their offerings suitable for perishable cargo needs.
According the OECD, a favorable global environment has contributed significantly to this good performance; i.e., Chile is the world’s main copper producer; and for many years it has benefited from an upswing in commodity prices and low international interest rates. Thus, Chile’s growth rate has been above the average for OECD countries. In terms of logistics, Chile has been ranked by the World Bank as the best in Latin America and the Caribbean region. However, it remains below the competitiveness levels of other OECD countries.
Key Market Trends
E-commerce industry is driving the market
The booming e-commerce industry is a major contributor to the 3PL industry, with services such as e-commerce fulfillment and last-mile delivery being some of the core services provided by a 3PL operator.
The increase in e-commerce sales is a result of the country’s rapid technological infrastructure development. Companies of all sizes are adopting e-commerce, with online sales distributed rather evenly among micro-size businesses (13%), small businesses (19%), medium firms (22%), and large companies (22%). The remaining 24% of companies have yet to implement the necessary technology for online sales. Events such as CyberDay further promote e-commerce growth in the region, which in turn, boosts the 3PL industry.
Digital Agenda 2020 is a Chilean government program to foster the country’s digital transformation by taking advantage of advanced technologies in all aspects of the country’s social and economic activities. Some steps include public-private alliances, investments into quality and robust infrastructure in all regions of Chile, and widespread IT use as a means to reduce inequalities. Currently, there are free internet zones in 15 regions of the country, providing accessibility and connectivity for local working classresidents. Such initiatives will further facilitate the business environment for 3PL operators in the country.
Rapid infrastructure development
As one of Latin America’s most developed economies, Chile continues to record steady economic growth despite the decline in commodity prices, especially with respect to copper, the country’s key export. With low levels of corruption, a high degree of legal transparency, and strong institutional frameworks providing strong financial and legal safeguards for private sector capital, Chile is one of Latin America’s most promising investment destinations.
In terms of investment, infrastructure stands out as a particularly attractive sector. The Chilean government places significant focus on large-scale investment in infrastructure in order to advance the country’s economic development and prosperity. More specifically, the government hopes to reach its goal of a per capita income of over USD 30,000 with development levels similar to that of Italy and Spain.
Chile’s infrastructure plans can be divided into three categories, namely, government projects, public-private partnerships (PPP), and concession projects.
Chile has a concession plan with total investments of USD14,884 million for the period 2019–2023, including 24 highways for USD 9924 million, 18 hospitals for USD 2618 million, 5 trams and cable cars for USD 890 million, 2 dams for USD 823 million, 7 airports for USD 504 million, and 4 cross-sector projects for USD 125 million.
The 3PL market in Chile is competitive and fragmented with the presence of many local as well as international players. Startup companies are expanding their business in the Latin America region through technology-driven services. For instance, in April 2020, Chilean startup SimpliRoute secured a USD 3 million Series A round led by VentureCity. Pricing is a key issue in all aspects of logistics and transportation areas in Chile. The need for increased professionalization and more efficient technology has been identified as the challenge for the industry.
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1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET INSIGHTS AND DYNAMICS
4.1 Market Overview
4.2 Impact of COVID-19 on the market
4.3 Insights on E-Commerce Fulfillment and Last-Mile Delivery Market
4.4 Brief on Key Logistics Hubs in Chile
4.5 Market Dynamics (Drivers, Restraints/Challenges, and Opportunities)
4.6 Industry Attractiveness – Porter’s Five Forces Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1.1 Domestic Transportation Management
5.1.2 International Transportation Management
5.1.3 Value-added Warehousing and Distribution
5.2 End User
5.2.1 FMCG (Fast-moving consumer goods) – (includes beaty and personal care, soft drinks, home care, etc.)
5.2.2 Retail (Hypermarket, Supermarket, Convenience stores and e-commerce)
5.2.3 Fashion and Lifestyle (Apparel and Footwear)
5.2.4 Technology (Consumer Electronics, Home Appliances)
5.2.5 Reefer (Fruits, Vegetable, Pharma, Meat, Fish, Seafood)
5.2.6 Other End Users
6 COMPETITIVE LANDSCAPE
6.1 Overview (Market Shares Analysis and Major Players)
6.2 Company Profiles
6.2.4 Andes Logistics
6.2.5 Agility Logistics
6.2.6 DSV SA
6.2.7 Sitrans Servicios Integrados de Transportes Limitada
6.2.8 Megalogistica SA
6.2.9 DB Schenker
6.2.11 Ceva Logistics
6.2.12 Noatum Logistics*
6.3 Other Companies
7 FUTURE OF THE MARKET