July 16, 2023
3 min

Global transport and logistics outlook: normalisation in a different ... - ING

The transport and logistics sector is experiencing the effects of normalizing consumer behavior and ongoing capacity issues. The pandemic and conflicts in Ukraine have impacted trade routes and the sector as a whole. While consumer goods logistics face correction, aviation is benefiting from pent-up travel demand. The global transport and logistics sector is expected to see 4% growth in 2023. Public transport is also recovering, with rail figures in European countries trending upward. The global economic slowdown will have a stronger impact in 2024, presenting challenges for the sector.

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Adhikansh Gupta
Content Manager

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