COVID-19 Impact on Logistics & Supply Chain Industry Market worth $3,215 billion in 2021

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MarketsandMarkets Presents

COVID-19 Impact on Logistics Supply Chain
Industry Market worth 3,215 billion in 2021
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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), KuehneNagel
(Switzerland), CEVA Logistics (Switzerland), DB
Schenker (Germany), SNCF (France), XPO Logistics
(US), Kenco Group (US), and Hitachi Transport
System (Japan). Download PDF Brochure _at_
https//www.marketsandmarkets.com/pdfdownloadNew.a
sp?id244593137
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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 Indias 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.
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• 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 Speak to Analyst

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