Statistics and Predictions for the Logistics Industry
We live in a time of rapid transformation of logistics, manufacturing, transportation, and supply chains. The future of these industries defines by innovation and technology. Such things as 3D printing, the Internet of Things, drone delivery, and other innovations became a reality that was previously perceived as science fiction.
Implementing these technologies ensures sellers and service providers fast, cheap, reliable, and sustainable logistics.
The transportation domain accounts for about 10% of GDP or $2 trillion annually in the US. About 13.2% of each household’s budget is spent on logistics. The global industry market in 2018 reached $9.6 trillion, with freight accounting for 43% of costs.
Previously, people were looking for transportation goods faster, in bulk, and more economically. These problems were solved through the invention of the railways, cars (trucks as well), modern ships, and aircraft. Launching the Internet and related technologies has been a real revolution in logistics. Web technologies, programs, and transport management systems have appeared. But now, the logistics industry is experiencing another revolution. The idea of transformation in the logistics sphere is well covered in this article.