Global Retail Logistics Market Insights, Size and Growth Forecast To 2027
Global Retail Logistics market projected to promulgate due to the rise in global trade activities in developing nations and development in logistics infrastructure across the globe. The global retail logistics market projected to grow at a CAGR of over 11.29% during the forecast period 2020–2027. The primary factors are the growing adoption of multimodal transportation, along with the rise in international retailing. Additionally, the surge in multimodal transportation owing to its benefits such as the decrease in cargo-handling time, reduction in customs controls, decreased costs per vehicle, and the requirement of just one contract is expected to drive the global retail logistics market size. Moreover, the Innovative last-mile delivery mechanisms in the retail e-commerce market will accelerate the retail logistics industry in the forecast span. Also, the emergence of IoT in the supply chain, thus improving customer satisfaction levels and connects various technical...