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Date: 18/12/2024

Manufacturing logistics market seen at $216.56 billion by 2028

The manufacturing logistics global market is projected to surge from $147 billion in 2024 to an impressive $216.56 billion by 2028. This exponential growth trajectory aligns with a CAGR of 10.2%. Key factors influencing this projected growth in the forecast period include a rise in globalisation and international trade, escalating demand for efficient supply chain management, a growing need for advanced logistics solutions, and a surge in the e-commerce industry. Also noteworthy are significant trends on the horizon which include technological advancements, blockchain technology integration, integrated supply chain networks, technology integration into logistics operations, and innovative approaches to cross-border logistics. The exponential growth of the e-commerce industry is projected to turbocharge the progress of the manufacturing logistics market, as per a report.
 
Source: Exim News Service: Singapore, Dec. 17



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