The U.S. economy has emerged from the downturn of 2008 and 2009. The return of economic growth and the continued growth of Internet retail sales will drive the North American reverse logistics (RL) market in the years to come.
A Blumberg Advisory Group analysis has found the following key indicies for the Reverse Logistics Market heading into 2011.
- The size of the North American RL market in 2010 is an estimated $137.2 billion.
- The 2010-2015 Compound Annual Growth Rate (CAGR) for total RL spending is forecasted to be 4.2%.
- Third-party reverse logistics (3PRL) spending is expected to grow a little faster, with a forecasted 2010-2015 CAGR of 5.2% from its current $63.3 billion size.
The recession accelerated the trend of manufacturers outsourcing services that aren’t central to their missions. This creates opportunities for firms that specialize in critical areas that support manufacturing such as RL. As companies focus on core competencies and cut costs through outsourcing.
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