According to the newest study from market research firm Ken Research: Australia’s warehousing and logistics industries will be worth $187 billion by 2021. Government investments in infrastructure including road, rail and waterways will continue to drive the industry in coming years. The freight forwarding industry will continue to account for the larger share of the revenue pie.
Australia has seen significant growth of third-party logistics service providers as more and more global players enter the Australian market. The internet is driving growth and the transformation of the national supply chain, which has resulted in the business to consumer market outgrowing the business-to-business market thanks to new technology and the increase in home delivery options. The rise of the e-commerce sector has called for a greater demand in warehousing in sectors such as retail, automotive, chemical and pharmaceutical sectors.
Mining continues to play an important role in the Australian economy, with mineral exports contributing around 35% of all Australia exports, it is the world’s largest exporter of coal. In addition to mining, many of the world’s largest oil and gas exploration and production companies have representation in Australia. The West Coast is heavily reliant on the oil and gas industry due largely to the development of the reserves of the North West shelf. The industry extracts crude oil, condensate and natural gas from petroleum reservoirs. Crude oil and most petroleum liquids are exported.
Crane Worldwide Logistics has offices and warehouse space in Perth, Melbourne, Sydney and Brisbane and provide third party logistics services such as multimodal transportation, warehousing and project cargo management. They have a team of specialists in the Energy sector covering Australia and Papua New Guinea.
Being a specialist in the Energy and Mining industry we have experienced a slowing of the market in regards to rig count and development over the last 3 years. With 2018 now here, the market is looking brighter with the Petroleum and resource industries pricing gaining strength. As such, companies who had suffered a reduction or loss of work are coming back. We have also seen significant growth in our Marine Services and Life Science business. We see these industries continuing to grow in Australia throughout 2018.
Peter O’Brian, Managing Director, South Pacific and Indonesia region at Crane Worldwide Logistics