Factors such as the growing e-commerce industry, as well as an increase in reverse logistics operations and trade agreements, drive market growth. Furthermore, the rise of tech-driven logistics services and the increasing adoption of IoT-enabled connected devices are expected to drive Logistics Market growth. However, manufacturers' lack of control over logistics services, poor infrastructure, and higher logistics costs limit market growth. Furthermore, the emergence of last-mile deliveries, logistics automation, and cost savings and lead time reduction due to the adoption of multi-modal systems are some of the factors expected to drive market growth.
Source Link- https://cmi-latestreportorientedblogs.blogspot.com/2022/08/global-logistics-market-size-share.html
