Facts: Global Logistics market

Logistics Market to Reach $12.97 Billion.

Growing e-commerce industry, surge in trade related agreements, increase in the number of tech-driven logistics services, and rising adoption of IoT enabled connected devices drive the growth of the global logistics market.

Mounting e-commerce industry coupled with rise in reverse logistics operations, increase in trade related agreements, surge in the number of tech-driven logistics services, and growing adoption of IoT enabled connected devices fuel the growth of the global logistics market. On the other hand, poor infrastructure, higher logistics costs, and lack of control of manufacturers on logistics service restrain the growth to some extent. However, emergence of last mile deliveries in addition to logistics automation is expected to create lucrative opportunities in the industry.