4 of the World’s Best Logistics Companies 2019

Logistics is simply interpreted as the movement of goods from A to B for business purposes, this is a crucial part of the supply chain because it must ensure the flow of goods between the origin to the destination runs smoothly. In modern economics, the term logistics not only refers to the movement of physical goods but includes the management of time and information. While logistics specialist are providers of storage and shipping services. Most logistics companies, also called 3PL (Third Party Logistics) companies handle various aspects including supply chain management, packaging, shipping, and even security.
According to the latest Transparency Market Research, the total valuation of the global logistics market is estimated to reach USD 15.5 trillion in 2023 with a CAGR (Compound Annual Growth Rate) of 7.5{ffde079ed3eacbfaae31ad5e52c7ab5ef9d78f95efbcd8745dfc55c378c91af6} from 2016 to 2024. Increased global trade in developing countries, infrastructure progress, plus advances in information technology and transportation are the …