Uploaded on Jul 3, 2020
COVID-19 Impact on Logistics & Supply Chain Industry Market by Industry Verticals (Automotive, FMCG, Healthcare, Energy & Utilities,Industrial Machinery & Equipment), Mode of Transport (Roadways, Railways, Airways, Maritime), Region
COVID-19 Impact on Logistics & Supply Chain Industry Market worth $3,215 billion in 2021
MarketsandMarkets
Presents
COVID-19 Impact on Logistics &
Supply Chain Industry Market worth
$3,215 billion in 2021
https://www.marketsandmarkets.com/Market-Reports/covid-19-impa
ct-on-logistics-supply-chain-industry-market-244593137.html
The report "
COVID-19 Impact on Logistics & Supply Chain Industry Market by
Industry Verticals (Automotive, FMCG, Healthcare, Energy &
Utilities,Industrial Machinery & Equipment), Mode of Transport
(Roadways, Railways, Airways, Maritime), Region - Global
Forecast to 2021" The global logistics market size is estimated to be
USD 2,734 billion in 2020 and projected to reach USD 3,215 billion by
2021, at a Y-O-Y growth of 17.6%. The market is driven primarily by the
increasing demand for the supply of essential commodities.
Browse 18 market data Tables and 06 Figures spread through 60
Pages and in-depth TOC on "COVID-19 Impact on Logistics & Supply
Chain Industry Market”
The logistics market is dominated by global players and comprises
several regional players. Some of the key players in the logistics and
supply chain industry are DHL (Germany), UPS (US), FedEx (US),
Kuehne+Nagel (Switzerland), CEVA Logistics (Switzerland), DB Schenker
(Germany), SNCF (France), XPO Logistics (US), Kenco Group (US), and
Hitachi Transport System (Japan).
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7
FMCG is expected to have the largest sizing in the global
logistics market during the forecast period
FMCG companies are continuously tracking the current situation and are
coming up with new strategies to contain the pandemic. The agriculture
sector has been exempted from the restrictions laid by the countries.
This has ensured sufficient supplies of food and other daily needs
products. E-groceries continue to meet the increasing demand for daily
supplies by consumers. Amid the COVID-19 pandemic, Walmart Grocery
application hit all-time high downloads in the US.
Railways are estimated to have the second-largest logistics
market share, by mode of transport
Like roadways, railway transport too is relatively less affected when
compared with waterways and airways. Amid the lockdown, countries
have made sure that the mobility of doctors, sanity workers, and
government employees is not hampered. The transport of essential
commodities through rail has also allowed countries to meet their
citizens demands during the pandemic. For example, according to the
Indian Railways, on an average, around 20,000 wagons of coal; 1,700
wagons of petroleum products; and 25,000 wagons are being loaded
daily with essential commodities such as food grains, salt, edible oil,
sugar, milk, fruits, and vegetables.
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Asia Pacific to have the largest logistics market size during the
forecast period
Asia Pacific is expected to have the largest market sizing as the region has
taken stringent measures to contain the virus. China has started to recover
from the COVID-19 pandemic faster than any other country. Only some
provinces of the entire country are in lockdown after the second wave of
COVID-19.
The World Health Organization has appreciated India’s control over the
spread of the pandemic. This has allowed the logistics and supply chain
companies to meet consumer demands during the pandemic situation. The
supply of vital products in Singapore, South Korea, and Japan has also
regained normalcy. Thus, the Asia Pacific region is expected to show positive
signs in the near future as the supply chain industry recovers gradually.
Key Questions Addressed by the Report:
• What is the impact of COVID-19 on the logistics and supply chain
industry?
• What would be the impact of COVID-19 on the logistics industry by
2021?
• What are the business opportunities for global logistics companies?
• Which players of the logistics and supply chain ecosystem would get
impacted? (Positive/Negative)
• Who are the major competitors in the logistics market, and what are
their growth strategies?
To speak to our analyst for a discussion on the above findings, click
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