Logistics And Supply Chain Market Size, Share, Growth, Trends, and Global Industry Analysis: By Transportation Mode (Railways, Roadways, Airways, and Waterways), By Application (Transportation, Warehousing, Sourcing & Procurement), By Industry Vertical (Manufacturing, Retail, Healthcare, Aerospace, BFSI, Government & Public Utilities, Media & Entertainment, Food & Beverages), and Region Forecast 2019-2030

Logistics And Supply Chain Market size was valued at US$ 9,629.3 billion in 2023 and is projected to reach US$ 11,137.2 billion by 2030 and poised to grow at a 2.1% CAGR from 2024-2030. The logistics and supply chain industry is a massive and complex system that underpins the global economy. It's responsible for the movement, storage, and coordination of goods and materials from the point of origin to the point of consumption. This industry is constantly evolving, driven by several factors such as e-commerce growth, globalization, and technological advancements. The rise of e-commerce has led to a surge in demand for fast, efficient, and cost-effective logistics services and consumers expect to be able to order products online and have them delivered to their doorsteps within a short period, this has put pressure on logistics companies to improve their efficiency and develop new technologies to meet these demands. Logistics & supply chain businesses are increasingly sourcing materials and selling products all over the world.

This has made complex global supply chains more important than ever and logistics companies need to be able to navigate the complex rules and regulations of different countries in order to move goods efficiently. Technology is playing an increasingly important role in the logistics and supply chain industry. New technologies such as automation, artificial intelligence, and the Internet of Things (IoT) are being used to improve efficiency, visibility, and traceability throughout the supply chain. Opportunities in the logistics & supply chain industry market are the growth of emerging markets, the rise of omnichannel retail, and the increasing importance of sustainability. Despite the positive outlook, the constraints of the logistics & supply chain industry market will hinder market growth through infrastructure challenges, labour shortages, and geopolitical instability.

Logistics And Supply Chain Market Key Developments

• In April 2024 – Danish shipping and logistics company DFDS has agreed to buy the international transport network of Turkey’s Ekol Logistics. This acquisition will strengthen DFDS’s market position in the transport corridor between Türkiye and Europe.
• In March 2024 - Publicis Groupe announced the acquisition of Spinnaker SCA LLC. The acquisition was made to expand Publicis Sapient’s expertise and capabilities in supply chain management. Spinnaker SCA, known for its end-to-end supply chain strategy, planning, and execution consulting services, became part of Publicis Sapient, further strengthening its position in agile digital supply chain transformation.