Logistics Industry Update Q3, 2014

Logistics Industry Update Q3, 2014

The reduction of trade barriers internationally has led to rapid growth in the logistics market. As world trade grows, so do challenges for the logistics industry. Logistics has become one of the most important career fields in the world. Worldwide, more than $1.4 trillion is spent annually on logistics. Companies like Wal-Mart, Coca Cola, and Nike attribute a great deal of their success to their global logistics systems.

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The World Bank ranked Singapore as the No. 1 Logistics Hub amongst 155 countries globally in the Logistics Performance Index. Saudi Arabia and UAE are among the top 10 countries in the world, in terms of their logistics industries. The logistics sector in China is booming, as a global economic power with a effect on the global market. India is steadily following China’s footprints by consistent marching ahead in the field of logistics. Logistics sector employed around 7.3 million people in 2011. This number is expected to increase to about 25 million by 2022. The U.S. Department of Labor show the U.S. logistics sector is expected to create more than 1 million job openings between 2013 and 2016. Australia’s rapidly changing transport technologies are increasing demand for more highly skilled workers. PWC affirmed South Africa as the top destination for transport and logistics companies. This growth will only accelerate as the other African countries upgrade their road and railway networks.

Logistics is attracting the best and brightest people. With the right education, skills, and drive to succeed, you can build a prosperous career in logistics, in any part of the world.

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