The global logistics market is anticipated to rise at a remarkable CAGR of 7.18% during the period 2018-2022. The expansion of logistics under global operations and information about logistics costs and capacities are much important to decide on how to leverage developing markets as a means to enhance profit margins. The wave of globalization brings a trend to source from a manufacturer with reasonable costs and developing markets. The trend is however, counterpoised; coupled with rising complexities that need to be addressed immediately. Hence, the complexities in managing logistics under developing markets ultimately supplements with landing costs of manufactured or associated goods.
The #logistics market on a global scale is driven by factors such as adoption of free trade policies, rise in cross-country business operations, increasing prevalence of e-commerce and flexible norms laid by government. Rise in extensive R&D and use of innovation for transportation and logistics in U.S and Europe are expected to stimulate the market growth in the forecast period. However, lack of scalability and standardization at various geographical locations are likely to affect the regional performance of the market, thus entailing a decline on a global scale.
Key vendors
• C.H. Robinson
• DB Schenker
• Deutsche Post DHL Group
• DSV
• Kuehne + Nagel
• UPS
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