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Global Logistics Services (3PL & 4PL) Market Projected to Generate a Revenue of $3,040 Million, Growing Exponentially at a CAGR of 9.7% over the Estimated Period 2022-2031 [220-Pages] | Information by Research Dive

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New York, USA, March 09, 2023 (GLOBE NEWSWIRE) — According to a report published by Research Dive, the global logistics services (3PL & 4PL) market is anticipated to garner $3,040 million in revenue and rise at a healthy CAGR of 9.7% over the forecast period from 2022 to 2031.   

As per our analysts, the growing expansion of the e-commerce sector along with the rising demand for quick deliveries among customers globally is expected to fortify the growth of the logistics services (3PL & 4PL) market during the analysis timeframe. Besides, the increasing demand for logistic services across various businesses owing to the growing inventory management policy is further expected to bolster the market growth over the estimated timeframe. Moreover, the rising adoption of modern technologies such as artificial intelligence. Machine learning, blockchain technology, and many more are expected to create immense growth opportunities for the market during the forecast period. However, the infrastructure shortage and the lack of logistics experts may hamper the growth of the market throughout the estimated period.   

Request an Exclusive PDF Sample of the Logistics Services (3PL & 4PL) Market (Including Tables, TOC, and Figures) 

Segments of the Logistics Services (3PL & 4PL) Market  

The report has divided the market into segments based on service type, application, and region.   

Service Type: Transportation Sub-Segment to be Most Profitable  

The transportation sub-segment registered the highest revenue in 2021. The increasing application of transportation logistics across various sectors such as supply chain management in the retail and healthcare industries is predicted to fuel the growth of the market sub-segment during the analysis period.   

Application: Consumer Electronics Sub-Segment to be Most Productive   

The consumer electronics sub-segment held the largest share in 2021. The growing demand for fast shipment, real-time visibility, flexibility, and excellent customer service of portable consumer devices among customers across the globe is expected to propel the growth of the market sub-segment over the estimated timeframe.   

Asia-Pacific Region Garnered Highest Market Share in 2021 

The Asia-Pacific region of the logistics services (3PL & 4PL) market accounted for the biggest market share in 2021. The growing demand for logistics services along with the rising importance of transportation practices across the countries of this region are predicted to thrive the regional growth of the market throughout the forecast period.   

Ask an Expert Analyst or Schedule a call to Get the Latest Trends on Logistics Services (3PL & 4PL) Market 

Covid-19 Impact on the Logistics Services (3PL & 4PL) Market     

The rise of the Covid-19 pandemic has caused several uncertainties and resulted in economic losses across various businesses. It has also had a negative impact on the logistics services (3PL & 4PL) market. This is mainly due to the decreased demand for logistics services due to the economic slowdown across several countries. Moreover, the construction and automotive sector have faced severe impacts in terms of sales and acquisition which has further reduced the demand for logistics services over the crisis period.   

Key Players of the Market     

The major players of the logistics services (3PL & 4PL) market include  

  • 4PL Group 
  • Maersk 
  • Kuehne + Nagel International AG  
  • FedEx Corporation 
  • Global4PL 
  • DHL 
  • Orkestra SCS 
  • DB Schenker 
  • Phoenix Freight Systems 
  • C.H. Robinson Worldwide Inc. 

These players are widely working on the development of new business strategies such as partnerships and collaborations, mergers and acquisitions, and product development to acquire a leading position in the global industry.   

Request an On-Demand Customization of the Specific Segments or Regions on the Logistics Services (3PL & 4PL) Market 

For instance, in April 2022, Infor, a multinational company, announced its partnership with DB Schenker, the leading provider of Road and multimodal transportation. With this partnership, the companies aimed to deliver unique digital supply chain management to customers that provide both supplier collaboration and shipping automation with easier cost, factory, and transportation management.   

Further, the report also presents other vital aspects including SWOT analysis, the financial performance of the key players, the product portfolio, and the latest strategic development. 

More about Logistics Services (3PL & 4PL) Market 


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THE 2024 GLOBAL EXPLORATION SUMMIT IS ANNOUNCED AT THE 120th EXPLORERS CLUB ANNUAL GALA IN NEW YORK

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Porto and Terceira Island to Host the ‘Davos of Exploration’ – The GLEX Summit
NEW YORK, April 24, 2024 /PRNewswire/ — The Explorers Club and Expanding World, are thrilled to announce the fifth edition of The GLEX Summit, known as the ‘Davos of Exploration,’ set to take place from June 15 to 19 on Porto city and Terceira Island in the Azores, Portugal.

This year, Porto will Ignite the summit, followed by two days of discussions and exploration in the historic city of Angra do Heroísmo on Terceira Island. From the depths of the oceans to new space missions, the power and future of exploration will be explored in these two World Heritage cities, deeply connected to the history of exploration.
The 2024 GLEX Summit will revolve around the latest discoveries and groundbreaking missions shaping the future of our planet. Highlights of the summit include the Artemis mission, which plans to send astronauts back to the moon for the first time since 1972, and the role of Space and the Oceans in researching and mitigating the effects of climate change. Notable sessions will also delve into the unfortunate incident of the submersible implosion that took place on Titan and the recording of an episode of the BBC’s acclaimed science comedy show ‘The Infinite Monkey Cage,’ hosted by physicist Brian Cox and comedian Robin Ince.
This prestigious event will bring together over three dozen explorer and scientist legends from around the world. Confirmed physicist and researcher Brian Cox, NASA Chief Scientist James Garvin, Aquanaut Fabien Cousteau, Oceanographer David Gallo, Cosmonaut Mike Massimino, Nasa ISS CapCom Tess Caswell, among many others global Explorers and Scientists.
For further inquiries about The GLEX Summit and press accreditation, please contact:
Marco Barbosa [email protected], +351917345744
Photo: https://mma.prnewswire.com/media/2395857/GLEX_Summit.jpg
 

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Hillstone Networks is Named in Microsegmentation Solutions Landscape Report

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Hillstone Networks delivers advanced Microsegmentation across different verticals.. 
SANTA CLARA, Calif., April 24, 2024 /PRNewswire/ — Hillstone Networks, a leading provider of cybersecurity solutions, has been included in the Forrester Microsegmentation Solutions Landscape, Q2 2024 report. The report offers an overview of the Microsegmentation market, focused on the vendors who deliver solutions for protection of critical resources, combating ransomware, and contributing to compliance adherence. The report provides security professionals a snapshot of these named vendors, considering factors such as size, geographic focus, and use cases to select the most suitable option for their targeted use cases or needs. 

In the Landscape Report, Forrester states that “Zero Trust is all about replacing bodies of implicit trust with explicit policy. In physical and virtual networks, the application of this principle is referred to as microsegmentation…. [It] was one of the first true Zero Trust technologies developed after Forrester published the initial Zero Trust reports.”  
Forrester states in the report that the main trend is “organizations are finally getting serious about Zero Trust. Some, proactively, are implementing microsegmentation as part of a Zero Trust strategy or initiative. Others are implementing it because they got hit by ransomware and are trying to avoid it again. But all of them are doing Zero Trust with microsegmentation.”
“Being recognized as a vendor in the Microsegmentation solution landscape underscores for us the pivotal role our technology plays in safeguarding critical assets and thwarting ransomware threats. We believe it reaffirms our commitment to providing cutting-edge security measures built on an innovative and AI-powered platform that help our customers defend against evolving cyber risks, ensuring resilience and trust,” states Tim Liu, CTO and Co-founder at Hillstone Networks.
Hillstone’s Microsegmentation solution provides the following key benefits:
Advanced and extensive Microsegmentation for physical servers, virtual machines, cloud hosts, and containers, seamlessly compatible with multiple platforms.Comprehensive, integrated Layer 4 to 7 security and malware features (Next Generation Firewall, Intrusion Prevention System, AntiVirus, URL filtering, DDoS, and bot defense), and complete vulnerability management across the entire application lifecycle.Distributed architecture for easy scaling and portability.Centralized and comprehensive visibility to reduce gaps in the threat surface.Learn more about Hillstone Networks solutions here.
About Hillstone Networks
Hillstone Networks’ Integrative Cybersecurity approach is based on a visionary, AI-powered, and accessible platform, delivering coverage, control, and consolidation to secure over 28,000 global enterprises.
Media ContactZeyao Hu+1 [email protected]
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Tetra Pharm Technologies and Glysious Announce Collaboration to Develop Transdermal Combination Drugs Targeting the Endocannabinoid System

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The collaboration brings together Tetra Pharm Technologies’ expertise in enabling technology with Glysious’ proprietary transdermal drug delivery system, renowned for its effectiveness, comfort, and convenience.
COPENHAGEN, Denmark, April 24, 2024 /PRNewswire/ — Tetra Pharm Technologies and Glysious are pleased to announce a strategic collaboration aimed at developing a ground-breaking transdermal drug delivery system complementing several of Tetra Pharm Technologies’ pipeline candidates. The joint invention aims to revolutionize transdermal release of “difficult-to-formulate” compounds targeting the endocannabinoid system.

Tetra Pharm Technologies has focused intensively on formulation expertise, that is, how the molecules are effectively integrated with a drug delivery system to reach their desired targets. Glysious has worked rigorously on the development of an adhesive patch for transdermal drug delivery since the company’s incorporation in 2020.
“The Glysious technology enables precision, sustained dosing, and allows for a high drug load and effective emptying of patches. The transdermal patches remain in place and are very comfortable and convenient to use, resulting in improved patient compliance. However, we have identified challenges with standard formulation strategies, not providing acceptable drug release due to shortcomings of the formulation matrix”, says Professor, Dr.Techn. Anne Ladegaard Skov, Chief Scientific Officer, Glysious.
Back in 2023 Glysious and Tetra Pharm Technologies performed early in-vitro feasibility tests, integrating Tetra Pharma Technologies’ proprietary enabling technology for delivery of poorly soluble compounds with Glysious’ patch.
Dr. Morten Allesø, Chief Scientific Officer, Tetra Pharm Technologies, adds: “Although both parties were aware of the uniqueness of our respective technologies, we were positively surprised to find a five-fold increase in performance of our combination product compared to conventional formulation technologies. This is truly remarkable, and we consider it our shared obligation to further advance this technology to the benefit of the patients.”
The objectives of the collaboration include conducting comprehensive in-vitro and in-vivo studies to evaluate the performance and efficacy of the combined drug delivery system. Additionally, Tetra Pharm Technologies and Glysious plan to pursue a common patent for the joint invention, ensuring that their innovative technology remains protected and exclusive.
“We are excited to collaborate with the innovative team in Tetra Pharm Technologies on this transdermal drug delivery system paving the way for commercialization and scaling of the Glysious technology within the pharma segment”, says Stina Bjerg Nielsen, Chief Executive Officer, Glysious.
Martin Rose, Chief Executive Officer, Tetra Pharm Technologies, concludes: “The collaboration represents a unique opportunity to harness the synergies between our respective technologies. By combining our expertise, we aim to develop a transdermal drug delivery system that offers superior efficacy, convenience, and patient compliance, supporting several of our pipeline programs”.
As part of the collaboration, the partners will exchange expertise, knowledge, and resources. In addition, Tetra Pharm Technologies and Glysious will conduct joint research, experiments, and tests as required for the development of a joint patent. The scope of the collaboration is focused on disease indications such as pain, sleep disorders, and appetite regulation.
About Tetra Pharm Technologies
Tetra Pharm Technologies is a Danish biopharmaceutical company established in 2018 with a vision to be a leader in research and development of pharmaceutical drugs for the treatment of diseases related to the endocannabinoid system. For more information, please visit www.tetrapharm.eu
About Glysious
Glysious is a Danish medtech company, incorporated in 2020, that develops patches, creams, spray, and foams with controlled release of active ingredients for cosmetics and life science applications. For more information, please visit www.glysious.com
For further informationJacob SchlundtChief Marketing OfficerTetra Pharm [email protected]+45 51976225
Stina Bjerg NielsenChief Executive [email protected]+45 3053 5393
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