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Logistics & Transportation
What is the logistical & transport industry?
The logistical and transport industry is one of the most vital sectors of the economy. They are two interconnected conceptions within the supply chain management field. Transportation is the physical movement of goods from one location to another. It is done using transport modes such as trucks. Logistics is the term for the process of planning, implementing, and controlling the efficient flow and storage of wares. These include goods, services, and information. These steps ensure the successful movement of the wares from their origin point to the site of consumption. As a result, the industry comprises several sectors that focus on the transport of goods and people. These include aviation, maritime transport, and the automotive industry. They similarly feature mobility, motorbikes, railways, and infrastructure organisation. Logistical sectors include warehousing, storage, and wholesale. Likewise, they include finance, marketing, engineering, research, IT, health, and safety. It results in a global sector that spans more than 1.4 million enterprises.
Is the sector extensive and highly valued?
Therefore, the logistics and transport sector has an extensive intersectoral network. For example, it is linked to agriculture, cosmetics, apparel, and retail. It also has links to the HoReCa, construction, mining, food, and beverage industries. Likewise, it has linkages with the health and consumer goods sectors. It also has a link to the oil and gas industry. It likewise has links to the IT and security sectors. Consequently, the industry has high value and high revenue. For example, it has recently reached a market size of $9.3 trillion. Furthermore, $73,520 billion was generated during one of the trade expositions.
Where do logistics trade expos occur?
The industry’s annual and biannual events take place in various countries. Among the hosting locations is the Kingdom of the Netherlands. They likewise feature China and Turkey. They also include the Federative Republic of Germany and the Kingdom of Sweden. The logistics and transportation events attract hundreds of thousands of participants.