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Logistics Industry Analysis

Logistics is a part of supply chain management that organises, implements, and manages the flow and storage of goods, and services to meet the needs of consumers. The logistics industry supports trade-related entrepreneurial operations by transporting, storing, and delivering goods through B2B, B2C, and C2C supply chain networks.

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Logistics Industry Analysis

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  1. Logistics Industry Analysis Logistics is a part of supply chain management that organises, implements, and manages the flow and storage of goods, and services to meet the needs of consumers. The logistics industry supports trade-related entrepreneurial operations by transporting, storing, and delivering goods through B2B, B2C, and C2C supply chain networks. Currently, logistics firms provide cargo transportation services by land, air, and water, all while responding to shifting economic patterns and technology. This industry is one of the backbones of international trade with the Asia-Pacific region being the leading market in 2020. According to our Logistics Industry Analysis, the global logistics market share is expected to reach US$ 6.55 Trillion by 2027 from US$ 4.92 Trillion in 2021 at a CAGR of 4.7%. Some of the prominent players in this industry include FedEx, A.P. Moller-Maersk, C.H Robinson worldwide.Inc, DHL Group, and Nippon Express. The logistics industry, like most other industries, is undergoing significant changes, which brings with it both risk and opportunity. The market is swamped with new technologies, market entrants, customer expectations, and business models, all of which are influencing the industry's future. Factors such as the rising e-commerce industry, rising reverse logistics operations along with rising trade-related agreements, fuel the growth of the market. However, lack of control of manufacturers on logistics services, poor infrastructure, and higher logistics costs are major challenging concerns for the growth of the industry. Based on our Logistics Industry Analysis, here are some of the trends shopping the logistics industry: ● IoT in logistics-. Integrating IoT technology into the logistics industries improves and enables efficiency, transparency, real-time visibility of goods, condition monitoring, and fleet management. ● Robotics- Integrating robotics into logistics increases the pace and precision of supply chain processes and reduces human error. ● Elastic Logistics - Elastic logistics allows businesses to handle supply chain operations with more efficiency during periods of fluctuation in demand. It helps upscale or downscale the supply chain operations, according to the demand. ● Big Data Analytics- Big data analytics provide actionable insights for enhancing warehouse productivity, performance management, and logistical resource usage. The data obtained from monitoring position and weather as well as fleet schedules to aid in route and delivery planning. ● Last-Mile Delivery - The last step of the supply chain, from the warehouse to the customer, is usually inefficient and also adds to the total cost. Last-mile delivery is a defining logistical service since it is linked to customer satisfaction.

  2. The businesses in the logistics industry are facing an era of unprecedented transformation as digitisation takes root and customer expectations to evolve. New technology and market entrants are allowing for more efficiency and more collaborative operating methods, as well as altering the marketplace in previously unseen ways. Some prominent companies that perform Logistics Industry Analysis are Strategy Here (USA), Allied Market Research (USA), Maximize Market Research (USA), and Technavio (Canada)CMI (USA), Insights in Marketing (USA.

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