How North America is leading in the Logistics Market System?
𝗥𝗲𝗽𝗼𝗿𝘁 𝗣𝗮𝗴𝗲𝘀: [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.
𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗣𝗗𝗙 𝗕𝗿𝗼𝗰𝗵𝘂𝗿𝗲:
𝗙𝗿𝗲𝗾𝘂𝗲𝗻𝘁𝗹𝘆 𝗔𝘀𝗸𝗲𝗱 𝗤𝘂𝗲𝘀𝘁𝗶𝗼𝗻𝘀 (𝗙𝗔𝗤) :
𝗪𝗵𝗮𝘁 𝗶𝘀 𝘁𝗵𝗲 𝗺𝗮𝗿𝗸𝗲𝘁 𝘀𝗶𝘇𝗲, 𝘀𝗵𝗮𝗿𝗲 𝗼𝗳 Logistics ?
𝗬𝗲𝘀, 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.
𝗪𝗵𝗼 𝗮𝗿𝗲 𝘁𝗵𝗲 𝗸𝗲𝘆 𝗰𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀/𝗽𝗹𝗮𝘆𝗲𝗿𝘀 𝗶𝗻 𝘁𝗵𝗲 Logistics?
𝗬𝗲𝘀, You can add Specific 𝗖𝗼𝗺𝗽𝗮𝗻𝘆 𝘂𝗽𝘁𝗼 𝟯 𝗖𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀.
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.,
𝗖𝗮𝗻 𝗶 𝗔𝘀𝗸 𝗙𝗼𝗿 𝗗𝗶𝘀𝗰𝗼𝘂𝗻𝘁 / 𝗣𝗿𝗼𝗺𝗼-𝗖𝗼𝗱𝗲?
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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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