Frequently Asked Questions:
The COVID 19 pandemic has thrown various industrial verticals and manufacturing businesses into disarray. As a result, production rates and manufacturing procedures have been curtailed, and numerous plants have been closed. As a result of these circumstances, the demand for logistics services has decreased. In addition, demand for non-essential commodities has decreased, reducing the demand for logistical services.
In terms of both value and volume, Asia Pacific had the largest share of the worldwide logistics market.
The logistics business’s total growth is driven by increased demand for consumer goods, pharmaceuticals, beverages, and other products and services. The logistics industry’s overall expansion is being fueled by the industry’s members’ strenuous efforts to provide efficient last-mile deliveries.
The most profitable area is expected to be the waterways segment.
Manufacturing is the most important end-use segment, accounting for the majority of the global market.