Current Status and Future Forecast of International Logistics

The global logistics industry is a dynamic and ever-evolving sector that facilitates international trade and supply chain operations for B2B industries.

According to Statista, the size of the global logistics industry has witnessed steady growth in recent years, which is expected to continue in the foreseeable future.

From 2018 to 2022, the market size of the global logistics industry experienced significant growth, with forecasts until 2028 indicating further expansion. In 2018, the industry was valued at approximately 5.58 trillion U.S. dollars, which increased to 10.41 trillion U.S. dollars by 2022.

Looking ahead, the market is projected to reach 14.08 trillion U.S. dollars by 2028, indicating the immense scale and potential of international logistics.

Additionally, the Agility Emerging Markets Logistics Index provides insights into the leading emerging logistics markets. In 2022, China secured the top position with an index score of 8.5, followed by India with 7.21 and the UAE with 6.72.

Other notable markets include Malaysia, Indonesia, Saudi Arabia, Qatar, Thailand, Mexico, Turkey, Vietnam, Chile, Russia, Oman, Bahrain, Brazil, Kuwait, the Philippines, Jordan, and Morocco.

These markets showcase the increasing importance of emerging economies in global logistics and their contribution to B2B industries’ international operations.

In conclusion, the global logistics industry plays a crucial role in facilitating international trade for B2B industries. It has seen significant growth, and projections suggest it will continue to expand, reaching 14.08 trillion U.S. dollars by 2028. Emerging economies like China, India, and the UAE are becoming key players, contributing significantly to the industry's development. As businesses adapt and invest in logistics, they can harness the industry's potential for success in the global market.

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Discover the latest trends in international logistics shaping the global supply chain and explore the top 10 container shipping companies in 2023 at the link: https://insights.worldref.co/logistics-in-business-to-business-b2b/.