Global logistics : market value
LOGISTICS
The result was a product called Navisphere Vision .
“ We ' re now tracking ships using FleetMonitor , a third-party aggregator ,” says Warrick . “ We use FlightAware for airlines and Bing Maps for road traffic , and can use all this information to predict estimated times of arrival for goods .”
This , he says , allows Microsoft ’ s logistics teams to focus on cargo that is late and that will impact customers , all of whom are informed of delays .
Smaller firms get buffeted more by disruption But of course , global logistics isn ’ t just the concern of multinational leviathans such as Samsung and Microsoft , with mountains
Global logistics : market value
According to German market and consumer data company , Statista , the global logistics industry was worth around US $ 6.48trn in 2020 . It expects that by 2024 this figure will exceed US $ 7.7trn , as the effects of the global pandemic subside . Statista says that in 2020 , the most valuable logistics market was the Asia-Pacific region ( worth roughly US $ 3.9trn ).
The second most valuable was North America ( US $ 2trn ). It says Asia-Pacific is the logistics capital of the world mostly because it supplies more trade goods than any other region , thanks to western companies basing much of their manufacturing capacity there . The region also has the world ’ s largest ports , many of which are in China . of cash to throw at logistics challenges . Countless small manufacturing and retail businesses also rely on the global shipments of parts and products . Indeed , in many ways , the logistical problems facing such companies are even more severe , as not only do many lack the finances to adopt Industry 4.0 and 5.0 solutions , but they also get buffeted by even small disruptions to supply . Driver shortages , for example , which have affected the UK , swathes of Europe and the US .
78 February 2022