LONDON, June 24 /PRNewswire/ -- The Russian logistics industry suffered more than most from the 2009 global financial crisis. With the industry shrinking by 20.9 per cent, Russian firms started dumping prices to retain clients while demand for warehouses and private cargo traffic shrank over 30 per cent. Although potentially highly lucrative for foreign players, the logistical infrastructure in Russia needs a serious injection of capital to meet EU and global standards. Moreover, continued economic instability, bureaucratic red-tape, and managerial differences still pose serious barriers to entry.
To provide unique insights into the Russian logistics market, the Automotive & Transportation Group at Frost & Sullivan (http://www.transportation.frost.com) is pleased to announce that it will be hosting an online analyst briefing presentation on Tuesday, 6 July, 2010 at 3:00 pm BST.
By discussing emerging trends and providing forward projections for the Russian logistics market, this briefing will benefit logistics service providers, interested financial institutions, and warehouse equipment manufacturers.
Highlights of the briefing include analyses of: the demand for logistics services, warehousing development, contract logistics, and state interference in the economy.
"Until 2009, the market was growing over 10 per cent annually, but the financial crisis struck a serious blow to both market participants and customers. The Russian logistics market lags behind its European counterpart because transportation and infrastructure remain gravely underdeveloped. Nevertheless, with the development of contract logistics, the growing turnover of the FMCG sector, the development of warehouses in the regions and the implementation of modern IT solutions, the market holds promise for investors," observes Dominik Buszta, Research Analyst at Frost & Sullivan's Automotive & Transportation Practice.
To participate in this briefing, please email Monika Kwiecinska at firstname.lastname@example.org with: your full name, company name, title, telephone number, e-mail, address, city, state and country and a registration link will be e-mailed to you. You may also register to receive a recorded version of the briefing at anytime by submitting the aforementioned contact details.
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SOURCE Frost & Sullivan