Global Logistics Market Research Report- Forecast 2023

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Global Logistics Market Information Report: By Transportation Type (Airways, Waterways, Railways, Roadways), Logistic Type (First Party, Second Party, Third Party) End User (Industrial and Manufacturing, Retail, Healthcare, Oil & Gas) - Forecast 2023

Logistics Market Research Report - Forecast to 2023

Global Logistics Market Information Report: By Transportation Type (Airways, Waterways, Railways,

Roadways), Logistic Type (First Party, Second Party, Third Party) End User (Industrial and Manufacturing,

Retail, Healthcare, Oil & Gas) - Forecast 2023

The global supply chain is growing and changing continuously, and advances in technology are helping to streamline

operations in the long run. The growth of the global logistics market is directly related to the development of international

trade flow and the current economic environment. It involves the integration of information, transportation, inventory,

warehousing, material handling, packaging, and security. Favorable government trade policies have resulted in an increased

demand for logistics services which also provides an opportunity for expansion to the existing vendors.

Logistics can be described as having the right type of product or service at the right place, at the right time, and in the right

condition. The global logistics industry has grown significantly while logistics have become an important part of the business

economic system and major global economic activity in the recent years. Logistic activities accelerate economic growth and

productivity growth. Efficient logistics is an important determinant of a country’s competitiveness and source of

employment. It is regarded as the backbone of the economy, providing an efficient and cost-effective flow of goods on

which other commercial sectors depend. This comprises shipping, port-services, warehousing, transportation, and other

value-added services. The boom in the e-commerce sector and expansionary policies of the FMCG firms have increased the

service geography of the logistics firms. The industry has moved from being just a service provider to provider of end-to-end

supply chain solutions to their customers.

Transportation and logistics infrastructure is a constantly recurring priority in every new government policies. Economic

reforms and government initiatives in terms of strengthening the manufacturing sector are expected to attract private

investment. The development of transportation and logistics-related infrastructures, such as dedicated freight corridors,

logistics parks, free trade warehousing zones, and container freight stations will help to improve efficiency. The

government’s plan is likely to make the economy competitive by reducing logistics costs, bring down pollution levels by

reducing congestion on roads, give a boost to the industry and create employment.

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