E-commerce set to drive country’s logistics industry - Bizz Buzz

The global logistics market is expected to be worth $18.23 trillion by 2030, driven by the booming e-commerce industry and the shift towards online purchases. Logistics companies are adopting technologies such as IoT, AI, and robotics to streamline operations and reduce costs. Water transportation is also on the rise due to its cost-effectiveness and high carrying capacity. The manufacturing segment dominates the logistics market, while the retail sector is experiencing rapid growth, particularly in e-commerce last-mile delivery solutions.

Source: Link