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2023: The Russian market for logistics outsourcing services grew to a new record of 453.97 billion rubles over the year
The Russian market for logistics outsourcing services in 2023 reached a new record, increasing to 453.97 billion rubles. This was announced in mid-June 2024 by RBC. This growth confirms the sustainable development of the sector, despite the challenges associated with the COVID-19 pandemic and the geopolitical situation.
The 3PL logistics market (third-party logistics services involving transportation, warehousing and supply chain management) has seen steady growth in recent years. In 2020, the growth rate slowed down to 6.4% due to the COVID-19 pandemic, and the real increase, taking into account price changes, was only 1.1%. However, starting in 2021, the market began to recover, which led to an increase in growth rates.
In 2022, the market continued to grow, increasing by 23.6%, despite geopolitical difficulties and economic crises. However, taking into account inflation, the market volume decreased by 3.7% compared to 2021. Nevertheless, in 2023, the volume of the 3PL logistics market recovered and continued its growth, reaching a record 453.97 billion rubles. The growth rate of the market volume amounted to 21.1%, and taking into account price changes - 4% compared to the previous year.
The growth of the 3PL logistics market is due to the increased demand for outsourcing logistics services. Companies strive to optimize their logistics processes, reducing costs and increasing efficiency by attracting specialized operators.
3PL Logistics includes a wide range of services such as transportation, warehousing, inventory management, and order processing. The benefits of logistics outsourcing are that companies can focus on their core operations by outsourcing logistics operations to professional operators.[1]