I N D U S T R Y    I N F O

INDUSTRY  INFO

NATIONAL TRENDS

Commonly referred to as transportation, distribution, and logistics or supply chain, the logistics industry is comprised of logistics services, air and express delivery services, freight rail, maritime and trucking services. The logistics industry is an integral part of every goods-focused industry, from automotive to retail.  

In 2015, the global logistics market totaled $8.1 trillion, led by the Asia-Pacific region, namely China, and is set to expand to $15.5 trillion by 2023. And all around the world, logistics providers and users are facing the same challenges.

Transportation infrastructure is critical to a competitive and productive economy. Today, the complexity of maintaining the nation’s critical infrastructure is a difficult one and is coupled by global environmental trends which compound these challenges.

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Nationally, spending in the U.S. logistics and transportation industry totaled $1.48 trillion in 2015, making up eight percent of the nation’s gross domestic product (GDP). Businesses spent a total of $2.15 trillion in 2015 in logistics-related costs. To make logistics of moving and selling goods more efficient, a number of technology trends could provide solutions for addressing some of the more pressing needs of extending the life of our physical transportation system infrastructure and optimizing the public and private sector use.

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Commonly referred to as transportation, distribution and logistics or supply chain, the logistics industry is comprised of logistics services, air and express delivery services, freight rail, maritime and trucking services. The logistics industry is an integral part of every goods-focused industry, from automotive to retail.  

In 2015, the global logistics market totaled $8.1 trillion, led by the Asia-Pacific region, namely China, and is set to expand to $15.5 trillion by 2023. And all around the world, logistics providers and users are facing the same challenges.

Transportation infrastructure is critical to a competitive and productive economy. Today, the complexity of maintaining the nation’s critical infrastructure is a difficult one and is coupled by global environmental trends which compound these challenges.

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Nationally, spending in the U.S. logistics and transportation industry totaled $1.48 trillion in 2015, making up eight percent of the nation’s gross domestic product (GDP). Businesses spent a total of $2.15 trillion in 2015 in logistics-related costs. To make logistics of moving and selling goods more efficient, a number of technology trends could provide solutions for addressing some of the more pressing needs of extending the life of our physical transportation system infrastructure and optimizing the public and private sector use.
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The SC Logistics Initiative will focus on identifying opportunities to make SC’s Logistics Industry even more competitive through our work with public, private, academic and non-profit sector partners.

To learn more about getting involved, contact Suzanne Dickerson at sdickerson@sccompetes.org