Logistics Global Market Industry Trends

United States logistics market

It is projected to experience substantial growth between the years of 2023 and 2027.

According to global market report by Report Linker, this growth is due primarely to the increasing demand for faster and more efficient delivery of goods, with an expected compound annual growth rate (CAGR) of 11% during this period.

This growth is fuled by the increasing need for transportation and warehousing services, the growing importance of supply chain managment, and the reliance on third-party logistics companies providing real-time tracking of goods.

The industry annual report of 2024

Created by a consulting firm for the Council of Supply Chain Management Professionals (CSCMP) and presented by Penske Logistics, gives a look at the U.S. economy by focusing on the logistics industry and its role in supply chains. This report gathers important information from around the world about logistics, highlighting industry trends and providing insights into the changes in supply chains across various industries. Key points from the report include: U.S. business logistics costs are $2.3 trillion, making up 8.7% of the country’s GDP.

Demand hasn’t fully recovered due to global conflicts, climate change (which affects shipping routes), high inflation, high-interest rates, and weak demand outside the U.S. These economic challenges and global instability are making international trade more complicated. The report, which also covers the increasing utilization of AI and robotics to improve efficiency and streamline operations, highlights the need for supply chain technologies to accelerate resilience, agility and flexibility to navigate the ever changing global economy and challenges such as inflation, climate change and geopolitical conflicts.

What is needed

Logistics involve the planning, implementation, and control for the efficient and effective flow of inventory, storage of goods, services, and related information from point of origin to the point of consumption.

In this context, finding the right partner in the industry that can efficiently manage the mode of transportation, moving goods, storage, tracking and controlling inventory, loading and unloading, organizing the move freight to its final destination while being cost effective, and on time, is crucial.

In addition, real-time communication, agility and flexibility are key characteristics to look in a third party logistics partner. Logistic companies that excel in these areas will be well-positioned to lead in the market’s growth.

We, at CDavis, are aware of the needs in the market, our experienced staff is diligent and efficient with the promise to deliver excellent services on time.