Factors such as the rising e-commerce business, as well as an increase in reverse logistics operations and trade agreements, drive logistics market expansion. Furthermore, the proliferation of tech-driven logistics services and the increasing usage of IoT-enabled linked devices are likely to boost market growth. However, customers' lack of control over logistics services, insufficient infrastructure, and greater logistics costs remain a major concern today. This can be well addressed through last-mile deliveries, logistics automation, and cost and lead time reduction due; a multi-modal system which can offer a complete solution. In addition, economic growth and changing market conditions are important drivers of globalization. And as a result of increased globalization, several trade...
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