Facts about the logistics industry - ECOMM
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Facts about the logistics industry

23 Jan Facts about the logistics industry

Posted at 16:27h in Uncategorized by david 0 Comments
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The logistics industry has come a long way in the past few decades. It has become an integral part of the global economy, contributing to nearly 10% of the world’s GDP. As the global population continues to grow, so does the demand for goods and services, and the need for the logistics industry to keep up. Here are some facts about the logistics industry that you may not know.

1. Logistics is a trillion dollar industry – According to Statista, the logistics industry had a market size of $4.4 trillion in 2019. This means that one out of every eight dollars that was spent in the global economy was related to logistics.

 2. Logistics is reliant on technology – Technology has been an integral part of the logistics industry for many years. In fact, the use of GPS tracking, predictive analytics, and other data-driven solutions has been crucial in helping the industry meet customer demands.

3. Logistics is a job creator – The logistics industry is estimated to employ more than 15 million people in the US alone. This number is expected to grow as the demand for goods and services continues to increase.

4. Logistics is becoming more efficient – The use of advanced technologies, such as artificial intelligence and machine learning, is helping to make the logistics industry more efficient. This is leading to cost reductions and faster delivery times for customers.

5. Logistics is an environmental concern – The logistics industry has long been a source of environmental concerns. The use of large diesel trucks, air freight, and ocean shipping all contribute to air pollution, greenhouse gas emissions, and other environmental issues.

 The logistics industry is a vital part of the global economy and its importance is only expected to grow in the coming years. As the demand for goods and services continues to increase, so will the need for efficient and cost-effective logistics solutions. With the right technology and strategies, the logistics industry can help to create a more sustainable future.

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