Logistics & Supply Chain Market: A Deep Dive into the Industry’s Key Applications and Technologies
March 21, 2023 ⚊ 1 Min read ⚊ Views 69 ⚊ BUSINESS
The global logistics & supply chain industry market size is expected to reach USD 13,705.01 Billion at a steady CAGR of 5.8% in 2028, according to latest analysis by Emergen Research. Global logistics & supply chain industry market revenue growth can be attributed to steady growth of the e-commerce sector. E-commerce (accounting for an exponentially large and growing share of the retail sector, both in terms of revenue and volume) has brought about a considerable change in buying behavior of consumers and their expectations, with consumers expecting swift and free delivery of goods at competitive pricing. Rapid growth of e-commerce is influencing the logistics & supply chain industry to a substantial extent due to the rising need to manage increased order volumes and cater to customer shipping expectations, as well as to align to business model with evolving customer preferences.
