September 11, 2023
3 min

Booming e-commerce set the pace for country’s logistics industry - The Hans India

The global logistics market is expected to reach $18.23 trillion by 2030, with a CAGR of 10.7% from 2023. The booming e-commerce industry and customer preference for online shopping are driving the need for effective logistics services. The industry is also shifting towards digitization and automation, adopting technologies like IoT, AI, and robotics. Water transportation is in high demand due to its cost-effectiveness and high carrying capacity. Logistics provides benefits such as improved delivery performance, lower costs, and customer satisfaction. Globalization and supply chain efficiency are also driving market growth. In terms of end-use, manufacturing is expected to dominate the market, while the retail category is projected to be the fastest-growing.

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Written by
Adhikansh Gupta
Content Manager

Writer and editor who covers the latest trends and innovations in the software-as-a-service (SaaS) industry