NAICS 541614 - Process, Physical Distribution, and Logistics Consulting Services
This U.S. industry comprises establishments primarily engaged in providing operating advice and assistance to businesses and other organizations in areas, such as: (1) manufacturing operations improvement; (2) productivity improvement; (3) production planning and control; (4) quality assurance and quality control; (5) inventory management; (6) distribution networks; (7) warehouse use, operations, and utilization; (8) transportation and shipment of goods and materials; and (9) materials management and handling.
Industry trends:
Qualitative trends in the Process, Physical Distribution, and Logistics Consulting Services (NAICS 541614) indicate a strong shift towards digital transformation and sustainability. With advancements in technology, there's been an increased emphasis on adopting artificial intelligence and machine learning to optimize supply chain operations, predict disruptions, and enhance decision-making processes. Companies are investing in IoT (Internet of Things) for real-time tracking and blockchain for transparency and security in transactions.
The focus on sustainability is driven by both regulatory requirements and consumer demand. Companies are seeking consulting services to help them design greener supply chains, reduce carbon footprints, and implement circular economy principles. This trend is expected to intensify as corporations pledge to meet climate goals and consumers prioritize eco-friendly options.
Forecasts for the near future suggest that the integration of autonomous vehicles and drones in logistics will gain momentum. Additionally, supply chain resilience has become a critical area post-pandemic, with businesses aiming for more robust risk management strategies. Consultancies specializing in these areas are likely to see increased demand. As industries continue to globalize, the need for logistics optimization remains paramount, with a focus on cost reduction, efficiency enhancement, and intelligent automation.
This industry is comprised of:
Customs consulting services
Efficiency management (i.e., efficiency expert) consulting services
Freight rate auditor services
Freight rate consulting services
Freight traffic consulting services
Inventory planning and control management consulting services
Logistics management consulting services
Manufacturing management consulting services
Manufacturing operations improvement consulting services
Materials management consulting services
Operations research consulting services
Physical distribution consulting services
Production planning and control consulting services
Productivity improvement consulting services
Tariff rate consulting services
Tariff rate information services
Transportation management consulting services
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
With iCFO You Get
What Is iCFO?
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Sound Business Analysis
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
Your Business’ Health In Minutes
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.