How big is the logistics industry in China?
In 2017, the total value of logistics market in China had amounted to approximately 253 trillion yuan.23-Feb-2022
Logistics Industry Size: Annual Estimates Range From $8 Trillion To $12 Trillion. The global logistics industry size is enormous. The industry contributes up to 10% GDP in the United States and about 12% of the global GDP. Economic industry indicators saw the logistics market closing in at $2 trillion in 2019.
What is the logistics industry worth 2020?
The global logistics market was valued at $7,641.20 billion in 2017, and is projected to reach $12,975.64 billion by 2027, registering a CAGR of 6.5% from 2020 to 2027.
According to Research and Markets, “the global logistics market was worth 10.32 Billion USD in 2017 and it is estimated to grow to 12.68 Billion USD by 2023 with a CAGR (compound annual growth rate) of 3.49% between 2017 and 2023.”
How many logistics companies are there in China?
China has more than 700,000 registered logistics companies, but they don't provide comprehensive service domestically because of localized regulations.11-Sept-2018
The logistics industry can be defined as the science of obtaining, producing and distributing material and products to the correct place and in the correct quantities. In a military sense, where it has a greater use, its meaning also includes the movement of personnel.20-May-2021
How big is the freight market?
General Freight Trucking (Truckload) in the US - Market Size 2002–2027
The global logistics market in its present state has come about as a result of an amalgamation of supply side and demand side trends. The rapid proliferation of trade agreements among various nations is the major demand driver of the global logistics market.
What are the new trends in logistics?
8 Major Logistics Trends Shaping Logistics Management in 2022
The global logistics market is expected to grow at a 6.8%1 CAGR during 2022-2030, particularly due to surge in e-commerce logistics, containers shortages, closure of major ports causing port congestion, shortage of truck drivers, andrestricted capacity in the air freight market.08-Apr-2022
How big is the 3pl industry?
Third-Party Logistics in the US - Market Size 2003–2027
The size of the global logistics market is anticipated to grow by USD 71.96 billion from 2021 to 2026.
Is the logistics industry competitive?
Logistics is increasingly becoming recognised as a source of competitive advantage, both in practice and in academia. The possible strategic impact of logistics makes it important to gain deeper insight into the role of logistics in the strategy of the firm.
Here are 40 more of the largest logistics companies in the world to watch for, ranked by revenue.Top 40 Logistics Companies Ranked by Revenue.
How many logistics companies are there?
Third-Party Logistics in the US - Number of Businesses 2003–2027
Top 10 Best Logistics Companies in India for eCommerce Businesses [2022 Updated List]
What is the logistics cost in India?
India's logistics cost as a percentage of GDP is 8.35% on an average. For years, the government had been of the view that the logistics cost is 14% of GDP. A recent study by National Council of Applied Economic Research (NCAER) has revealed that India's logistics cost as a percentage of GDP is 8.35% on an average.02-May-2022
What is a logistics company? Logistics companies are third-party fulfillment providers (also known as a 3PL) that offer order processing and services like warehousing, picking, packing, and shipping. Logistics companies receive, process, and store inventory from merchants.
What are the 4 major logistic functions?
The four functions of marketing logistics are product, price, place and promotion.
These are inbound logistics, outbound logistics, and reverse logistics.
What's the difference between freight and logistics?
Logistics management is a wider and all-inclusive term and covers wide-ranging activities and key responsibilities. Freight management is a subdivision of the wider logistics management but of similar importance.17-Mar-2021
How big is the logistics industry in China?