The global Retail Logistics Market size was USD 540.83 Billion in 2022 and is expected to register a revenue CAGR of 7% over the forecast period, according to the latest report by Reports and Data.
The retail logistics industry has been significantly impacted by the COVID-19 pandemic, with disruptions in supply chain and transportation causing delays. Due to increased demand for necessities and the closure of physical stores, logistics and supply chain systems are facing unprecedented stress. The pandemic has also led to a surge in demand for home delivery services and e-commerce, resulting in increased demand for logistics and supply chain services in the retail sector. Additionally, market revenue growth is being driven by the adoption of advanced technology, the need for sustainable logistics solutions, efficient last-mile delivery, and cross-border logistics solutions, as well as the growth of e-commerce trends.
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