Press release
How North America is leading in the Logistics Market System?
Logistics Market
๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐ฃ๐ฎ๐ด๐ฒ๐: [130 Pages]
Logistics offer various advantages including improvement in delivery performance, reduction in operational cost, and increase in customer satisfaction levels. Hence, it is being considered a vital aspect of the business by many manufacturers and retailers worldwide. Furthermore, it helps to make an organization more competitive in regards of delivery, flexibility, cost, and quality.
Globalization is another factor supporting growth of the market with a number of multi-national companies outsourcing their logistics solutions. Moreover, logistics helps organizations segregate different parts of a production process across different countries. This significantly brings reduction in the overall cost of production. Therefore, these factors are expected to drive growth of the global logistics market during the forecast period.
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The E-commerce market is experiencing high growth rate due to increasing popularity of online shopping and increased customer reliance on online vendors. The market is further expected to grow with addition of new online stores for different consumer goods such as shoes, clothes and musical instruments among others. However, cross-border delivery of goods is acting as a challenge to the market in regions such as the Middle East, where government rules and regulations change constantly.
Green logistics refers to an attempt to measure and minimize the ecological impact of logistics activities. The primary objective is to create a sustainable company value by maintaining a balance between economic and environmental efficiency. Many logistics companies adopting green logistic solutions, in order to reduce the adverse effects on environment and enhance the efficiency of the company.
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๐ช๐ต๐ฎ๐ ๐ถ๐ ๐๐ต๐ฒ ๐บ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐๐ถ๐๐ฒ, ๐๐ต๐ฎ๐ฟ๐ฒ ๐ผ๐ณ Logistics ?
๐ฌ๐ฒ๐, The global logistics market was valued at US$ 5831.4 Mn in 2019 and is forecast to reach a value of US$ 8627.4 Mn by 2027 at a CAGR of 5.3% between 2020 and 2027.
๐ช๐ต๐ผ ๐ฎ๐ฟ๐ฒ ๐๐ต๐ฒ ๐ธ๐ฒ๐ ๐ฐ๐ผ๐บ๐ฝ๐ฎ๐ป๐ถ๐ฒ๐/๐ฝ๐น๐ฎ๐๐ฒ๐ฟ๐ ๐ถ๐ป ๐๐ต๐ฒ Logistics?
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Companies Covered as part of this study include: Changan Minsheng APLL Logistics Co., Ltd., China Ocean Shipping Company (COSCO), Deutsche Post DHL, FedEx Corporation, Jiangsu Aucksun Co. Ltd., Kuehne-Nagel, Inc., Orient Overseas (International) Ltd., Shenzhen Feima International Supply Chain Co., Ltd., Sinotrans Limited, United Parcel Service, Inc.,
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Statistics:
Asia Pacific region held dominant position in the global logistics market in 2019, accounting for 33% share in terms of value, followed by North America, Europe, Middle East & Africa (MEA), and Latin America respectively.
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