- Logistics & Distribution
The global logistics market is estimated to grow from $2.7 billion in 2020 to $3.2 billion by 2021 as per the predictions of a market researcher. The report identifies the major drivers of this market as an increased focus on the continued supply of essential commodities, the creation of a supply-chain stabilization task force to fight COVID-19, and growing demand for personal protective equipment.
Ambeshwar Nath, Senior Vice President and Regional Head for CPG, Retail, and Logistics (CRL), Europe, talks about how the logistics industry must prepare for this trend. They need to devise strategies that will meet short-term demand while studying changing patterns in global trade to get ready for potential shifts in channels.
Source: Supply Chain Brain