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Year Recap Transportation Logistics
Year Recap Transportation Logistics
Year Recap Transportation Logistics
Global Logistics Market Outlook such as AI, geo-fencing, IoT, and data analytics to make
the delivery and returns experience seamless and cost-
The global logistics market is expected to grow at a 6.8%1
effective for both customers and retailers. Rising adoption
CAGR during 2022-2030, particularly due to surge in
of analytics-powered dynamic route planning systems is
e-commerce logistics, containers shortages, closure of major
facilitating logistics companies in optimizing operations and
ports causing port congestion, shortage of truck drivers, and
providing cost-effective and seamless experience to both
restricted capacity in the air freight market.
customers and retailers.
APAC will be the largest logistics market globally, holding
~45% of the total market share, and is expected to Impact of Russia’s Assault on Ukraine:
outperform other regions in the future due to positive — The conflict has disrupted the supply of key raw materials.
outlook for emerging economies in the region. Asia is Crude oil has surged past $100 a barrel, resulting in
expected to contribute ~50% of global trade growth by 2030. the U.S. and other countries releasing oil form their
emergency stockpiles.
Impact of E-commerce Growth
— Freight has been re-routed, derailed, and suspended
With the omnichannel approach to e-commerce retail
from surrounding areas disrupting the global
gaining ground, it has become imperative for logistics
supply chain network.
providers to adopt automation and newer technologies
1
menafn.com
2
weforum.org
TRANSPORTATION AND LOGISTICS INDUSTRY – YEAR END RECAP FTI Consulting, Inc. 02
— Market recovery is expected to continue into 2022, as economic activities are likely to
Global Freight pick-up – leading to improvement in trade volumes
11.6%
Forwarding — However, factors such as container shortage in APAC and port congestion in North America
and Europe can inhibit market growth
— The Air Freight Forwarding Market is forecast to grow at a CAGR of 5.6% through 20253
Global Air Freight 14.9%
Forwarding — Rising e-commerce consumption and new export orders performance will primarily drive
the growth
— Significant improvement in the shipping conditions is not expected during 2022, given the
Global Sea Freight continued disruptions and congestion in ports, coupled with omicron restrictions
7.6%
Forwarding — The rates are expected to rise again during Q1 2022 on account of pandemic-led supply
disruptions
3
prnewswire.com
4
msn.com
TRANSPORTATION AND LOGISTICS INDUSTRY – YEAR END RECAP FTI Consulting, Inc. 03
Asia Pacific 21.8% 3.6% 6% With the demand for logistics services growing and the
pandemic-led labor shortage, there is increasing pressure
on the supply of labor, particularly in the trucking industry,
Europe 15.7% 1.8% 4.3%
which is facing a major shortage of drivers.
Key Trends
Key macroeconomic trends include rising warehouse rents and upcoming tech-based E-commerce startups
Trend Category Type Implications Trend Impact
Legend
Short-term Impact Long-term Impact
5
businesswire.com
TRANSPORTATION AND LOGISTICS INDUSTRY – YEAR END RECAP FTI Consulting, Inc. 04
6
Investor groups are counted as financial investors.
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its affiliates, or its other professionals.
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