Over the past decade shifts in the global economy, politics, and technology have transformed the transportation industry. It is important to recognize these changes and their implications for the future of transportation and logistics.
Certain processes, from political impacts, like the U.S. and China trade war, to the COVID-19 pandemic and boom in the e-commerce industry and digitalization, are forcing logistics and transportation to transform. The industry is extremely different from what it was a decade ago. To understand what to expect from the market in the following years, let’s take a look at key forces that are driving progression and changes to the logistics and transportation industry.