Almost all logistics organizations will either increase or maintain their current levels of investment in new IT systems and technologies over the next 12 months.
The global logistics industry generated $9.83 trillion in 2022, meaning the sector will experience a compound annual growth rate (CAGR) of 5.6% from 2023 to 2032.
Redwood said that the acquisition of Rockfarm and Global Distribution and Logistics “fortifies” the company’s modern fourth-party logistics (4PL) services.
The latest news, analysis, services and systems regarding logistics and freight and their impact on global supply chains. Today’s companies are transporting and delivering perishables and manufactured goods in a more timely and efficient manner than ever before through logistics solutions. New technologies that provide information during local and global shipments are transforming the way companies do business - and allowing them to stay ahead of the competition in their industries. As transportation and distribution services continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies are using logistics and cargo solutions to power their supply chains.
Subscribe to our Daily Newsletter!
Timely, incisive articles delivered directly to your inbox.