Trident Worldwide soft expanded its presence in the global logistics market with launches revolutionary platform that provides end-to-end logistics
Logistics Market Perspective 2021๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐ฃ๐ฎ๐ด๐ฒ๐: [130 Pages]
Players such as VeriSign and PayPal among others provide online transaction security assurance Technological advancements have made it possible to track the object throughout the delivery process. This is due to the advent of tracking systems such as bar code systems, GPS (Global Positioning System), and RFID (Radio Frequency Identification) tags among others. Hence, these factors are expected to drive growth of the global logistics market growth over the forecast period.
๐๐ผ ๐ณ๐ผ๐ฟ ๐บ๐ผ๐ฟ๐ฒ ๐ฑ๐ฒ๐๐ฎ๐ถ๐น ๐ถ๐ป๐ณ๐ผ๐ฟ๐บ๐ฎ๐๐ถ๐ผ๐ป ๐ฎ๐ฏ๐ผ๐๐ Logistics Market
https://www.coherentmarketinsights.com/market-insight/logistics-market-4388
ERP systems installed in companies presently do not have all the functions needed to manage transportation and warehousing. These systems lack the effectiveness present in the modern systems. Moreover, companies are expected to replace or enhance their present systems that are more effective, in the near future.
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Key Developments
Major companies in the market are focused on business and capacity expansion in order to gain a competitive edge in the market. For instance, in March 2020, Deutsche Post DHL, a German logistics company, announced to expand its live tracking of parcel and letters, in order to make it easier to pay for postage without having to stand in line at a post office.
Key players in the market are focused on mergers and acquisitions, in order to enhance the market presence. For instance, in November 2019, Kuehne-Nagel, a Swiss logistics company, acquired Rotra, a Dutch 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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Digital revolution has led to numerous technological advancements with the advent of novel products in the recent past. The dependency of customers on logistics services has increased as a result of improvement in the communication process. Furthermore, the transaction process has become more secure wherein a customer can rely on online transactions with security assurance from the banks.
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