Trident Worldwide soft expanded its presence in the global logistics market with launches revolutionary platform that provides end-to-end logistics

Logistics Market Perspective 2021

𝗥𝗲𝗽𝗼𝗿𝘁 𝗣𝗮𝗴𝗲𝘀: [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.

𝗚𝗼 𝗳𝗼𝗿 𝗺𝗼𝗿𝗲 𝗱𝗲𝘁𝗮𝗶𝗹 𝗶𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 𝗮𝗯𝗼𝘂𝘁 Logistics Market
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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.

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗣𝗗𝗙 𝗕𝗿𝗼𝗰𝗵𝘂𝗿𝗲:
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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?

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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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