GLOBAL LOGISTICS FINTECH MARKET
The use of different technologies including mobile devices has always been an important feature in the financial market. Access to financial and banking solutions from personal remote devices is highly desirable and almost all the banks and firms invest a large amount to improve their technology-based solution to satisfy the consumer’s needs.
In logistics, a large number of companies are involved to move different goods from one party to a different party. In a logistic chain, mainly the information is delivered with paper documents where manual signatures and stamps are required. By using the opportunities that the fintech market is offering, the logistics market can take a great leap forward. This is a key driving factor of this global logistics fintech market.
OBJECTIVE OF THE REPORT
The main objective of this report to analyse the status, forecast, opportunities for growth, market-leading companies, etc. of the global logistic fintech market. Also, to explain the development strategies of different companies in different regions and with different types of products. Further, to define and describe and forecast the future growth prospects of this market.
The logistic fintech market is increasing on a rapid scale over the past few years. There is enormous scope for this market to expand. The Asia-Pacific region is experiencing the highest growth and in near future, it will expand more in this region also.
|By Region/Countries||By Applications||By Types of Products|
|Central & South America|
FEW DOMAINS WITH OPPORTUNITIES
In some relevant domain, if the logistics are combined with fintech, that will add value to the overall market. Fintech solutions have a significant potential to provide some important opportunities.
- For improving working capital, supply chain finance, and administration.
- For facilitating equipment, real estate, and inventory to finance.
- For providing facilities to international businesses.
Firstly, to reduce the need for working capital, many logistics companies take a step forward by using a large variety of financial options. But there are still many companies remained which are struggling in invoice processing, payment modes, etc. These companies can gain much just by improving insights in the financial processes, speeding up payments, and reducing the administrative hassles. Secondly, the need for the equipment to fulfil the logistic processes is highly specialized in the world.
The warehouse and fulfilment also require fintech solutions. Fintech solution is able to provide a more optimized solution with more available data on logistic assets and processes. Lastly, due to an increase in the number of persons in international supply chains, international business becomes more complex than usual.
The fintech solutions helps international businesses by offering digitalized documents, and by connecting physical, financial, and operational information. To get more advanced fintech solutions, the logistic industries can register their transactions in the logistics transactional webs. Further, for higher quality of information, dual filing in customs supervision may result great with less uncertainty of processing at the border, and better performances in cost and time for the global logistics chain.
FINTECH TRANSFORMATION IN LOGISTICS
There can be three types of transformation in the context of the Logistic Fintech market.
- Use the Fintech applications to support the existing business processes
- Use the Fintech service to expand the logistic services.
- Use the Fintech service to transform the supply chain.
First, one is a simple approach to implement, as the applications do not require much knowledge and the number of dependencies is not large. When there are multiple fintech solutions are involved then that approach becomes more complicated, as the number of dependencies increase. It becomes more difficult when it comes to the context of the supply chain environment.
FINTECH SUPPORTING THE LOGISTIC SERVICES
The logistic service providers are facing various challenges in providing their services. The serious challenges are as follows.
- Credit Management
- CO2 Registration
- Track and Trace
- Finance of inventory and building
- Finance of work capital and moving asset
Fintech service providers help the logistic service providers in many ways to improve their services of processing the orders, payments, and invoices.
The Logistics and Fintech programmers make available the overview of the fintech solutions. Thus, it becomes easier for the logistic service provider. The challenges that the logistic service providers face and the fintech provides solutions for that are,
- The problem of sending an invoice on time
- Reduces invoice processing time
- Reduces the dispute cases in the invoices
- Providing working capital for payment
- Providing working capital for growth purpose
- Customers’ payment delay
- Shortage of cash for payment, etc.
CALL TO ACTION
One of the strengths of the fintech market is entrepreneurship. The opportunities for improving the existing system are seen by the entrepreneurs. They identify the opportunities in the existing system and develop new technology to jump into the gaps.
The newly developed technology adds value to the customers’ experience and thus the success of innovating new technologies. The global logistics fintech market thus the emphasis on the industry-driven research and development of the technology for getting optimized solution.
|2||Scope of the report|
|7||Insights from Industry stakeholders|
|8||Cost breakdown of Product by sub-components and average profit margin|
|9||Disruptive innovation in the Industry|
|10||Technology trends in the Industry|
|11||Consumer trends in the industry|
|12||Recent Production Milestones|
|13||Component Manufacturing in US, EU and China|
|14||COVID-19 impact on overall market|
|15||COVID-19 impact on Production of components|
|16||COVID-19 impact on Point of sale|
|17||Market Segmentation, Dynamics and Forecast by Geography, 2020-2025|
|18||Market Segmentation, Dynamics and Forecast by Product Type, 2020-2025|
|19||Market Segmentation, Dynamics and Forecast by Application, 2020-2025|
|20||Market Segmentation, Dynamics and Forecast by End use, 2020-2025|
|21||Product installation rate by OEM, 2020|
|22||Incline/Decline in Average B-2-B selling price in past 5 years|
|23||Competition from substitute products|
|24||Gross margin and average profitability of suppliers|
|25||New product development in past 12 months|
|26||M&A in past 12 months|
|27||Growth strategy of leading players|
|28||Market share of vendors, 2020|
|30||Unmet needs and opportunity for new suppliers|