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Logistics Market to Reach US$ 6 9 Trillion by 2026 | Industry Analysis, Size, Share, Top Companies, and Research Report
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Logistics Market to Reach US$ 6 9 Trillion by 2026 | Industry Analysis, Size, Share, Top Companies, and Research Report
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Logistics Market (2021-2025) | Global Logistics Market Takes a Leap Ahead with Digital Transformations Amidst COVID-19
iCrowd Newswire
Fairfield Market Research states that the constant and steady role of the
global logistics marketis globalisation has been driving the market through the years. As the methods of trade and movement of goods change with technological progressions, the market experienced a continuous winning streak. Rise of the e-commerce industry supported by last-mile delivery solutions has given the global logistics market a fresh impetus in recent years. A swelling number of online shoppers with relentless penetration of the internet, improved connectivity, and higher bandwidths is expected to boost the e-commerce industry, thereby generating mammoth opportunities for the global logistics market between 2021 and 2025.
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According to the recent study by IMARC Group, entitled
“Logistics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global logistics market reached a value of US$ 5.2 Trillion in 2020. Logistics, an indispensable component of supply chain management, involves planning, coordinating and managing the flow of resources from the point of origin to the point of consumption. It offers efficient storage and transportation of goods, services and information to meet the requirements of the customer cost-effectively. Some of the key components of the process include warehousing, inventory management, purchasing, traffic and transportation, production planning, customer service, shipping and receiving, and import and export operations.