E-commerce boom to benefit Apac logistics players
There are new challenges with costs and quality of service; analysis firm suggests these could be mitigated by moving inventory into multiple markets, closer to where demand is
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ASIA-PACIFIC'S logistics expenditure is estimated to log a compound annual growth rate (CAGR) of 6.5 per cent between 2020 and 2024, according to Transport Intelligence (Ti).
The UK-based research and analysis company estimated that spending amounted to nearly 2.6 trillion euros (S$4.2 trillion) in Asia-Pacific in 2020, accounting for 45 per cent of global logistics.
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