Region-wise, it is studied across North America, Europe, Asia-Pacific, and LAMEA. On the basis of end use, it is categorized into healthcare, manufacturing, aerospace, telecommunication, government & public utilities, banking & financial services, retail, media & entertainment, technology, trade & transportation, and others. On the basis of mode of transport, the market is divided into railways, airways, roadways, and waterways. The market is segmented on the basis of mode of transport, end use, and region. Further, emergence of last mile deliveries, logistics automation, and cost cutting & lead time reduction due to adoption of multi-modal system are some of the factors that are anticipated to foster the market growth. However, lack of control of manufacturers on logistics service, poor infrastructure, and higher logistics costs hinder the market growth. In addition, rise of tech-driven logistics services and growing adoption of IoT-enabled connected devices are also expected to drive the market growth. The factors, such as growing e-commerce industry coupled with rise in reverse logistics operations and rise in trade related agreements, fuel the market growth. Get more information on this report : Request Sample Pages
Logistics mainly comprises various services such as Third-Party Logistics (3PL), Fourth-Party Logistics (4PL), inbound logistics, outbound logistics, reverse logistics, green logistics, construction logistics, digital logistics, military logistics, and others logistics services. This type of management forms a part of the supply chain management and plans, implements, & controls the efficient, effective forward, reverse flow, and storage of goods. Logistics management focuses on the efficiency and effective management of daily activities concerning the production of the company’s finished goods and services. It is the management of the flow of goods from one point of origin to the point of consumption, to meet the requirement of customers. Logistics is widely known as the process of coordinating and moving resources, such as equipment, food, liquids, inventory, materials, and people, from one location to the storage of the desired destination. In addition, there has been an increasing demand for medical and FMCG supplies such as hospital supplies, gloves, sanitizers, vaccinations, perishable food items propelling the growth of logistics market during COVID pandemic. Also, e-commerce and daily essentials goods industry is expected to affect the logistics industry positively during the COVID-19 outbreak globally. However, there are some industries that are struggling due to the pandemic, but some are thriving such as healthcare & pharmaceuticals.
Logistics firms, which are involved in the movement, storage, and flow of goods, have been directly affected by the COVID-19 pandemic. The outbreak of COVID-19 has brought effects on many aspects, such as flight cancellations, travel bans and quarantines, which made the massive slowing of the supply chain and logistics activities across the world. The global logistics market was valued at $7,641.20 billion in 2017, and is projected to reach $12,975.64 billion by 2027, registering a CAGR of 6.5% from 2020 to 2027. Where Type 3 object markers are applied to the approach ends of guardrail and other roadside appurtenances, sheeting without a substrate shall be directly affixed to the approach end of the guardrail in a rectangular shape conforming to the size of the approach end of the guardrail with alternating black and retroreflective yellow stripes sloping downward at a angle of 45 degrees toward the side of the obstruction on which traffic is to pass.Global Logistics Market Statistics 2021-2027:
Type 2 or Type 3 object marker is used to mark an obstruction adjacent to the roadway, the edge of the object marker that is closest to the road user shall be installed in line with the closest edge of the obstruction. Standard 3/8” mounting holes and radius corners.Reflective Object Marker OM3-R signs are clearly visible both day and night.High Intensity and Diamond Grade meet DOT and MUTCD state and federal guidelines.OM3-R for obstructions within the roadway. A marker used to warn motorist of an object in the roadway.
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