Home > Automotive > Automotive Logistics > Freight Logistics > Distribution Logistics Market

Distribution Logistics Market Trends

Report ID: GMI10108
Published Date: Jul 2024
Report Format: PDF

Download Free Sample

Distribution Logistics Market Trends

Automation, machine learning, Artificial Intelligence (AI), and the Internet of Things are revolutionizing distribution operations. These technologies improve the distribution process's speed, precision, and efficiency. Improved demand forecasting and route optimization, along with real-time tracking and advanced analytics, result in better inventory management. Automation minimizes manual mistakes and labor expenses, while AI-powered insights provide businesses a competitive advantage by forecasting trends and client demands. IoT-enabled devices provide continuous monitoring and management of the whole supply chain, increasing logistical responsiveness and resilience to disturbances.

For instance, in January 2024, Robust.AI, a provider of AI-powered delivery logistics solutions, raised USD 3 million in a new funding round. The investment was used to further develop and expand the company's innovative technology platform. Robust.AI's flagship product is Carter, a collaborative mobile robot that uses advanced AI and computer vision to optimize warehouse operations. The robot can handle a wide range of tasks, from picking and putaway to value-added services, while seamlessly collaborating with human workers.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of distribution logistics reached USD 9.4 trillion in 2023 and is set to witness over 5% CAGR between 2024 and 2032, due to the growing technological advancements and the rise in omnichannel retailing.

The road transport segment in the distribution logistics industry held 42% revenue share in 2023, attributed to its unmatched route flexibility, cost-effectiveness, and adaptability for various shipment types, crucial for e-commerce.

Asia Pacific market accounted for 34% revenue share in 2023, owing to the rapidly growing economies, infrastructure development, and focus on supply chain optimization.

C.H. Robinson, DB Schenker, DHL Supply Chain, DSV Panalpina, FedEx Supply Chain, Kuehne + Nagel, and UPS Supply Chain Solutions.