Trident Worldwide Soft Expanded Its Presence In The Global Logistics Market With Launches Revolutionary Platform That Provides End-To-End Logistics

 The growing trend of outsourcing in MNCs produce and distribute on a global scale is fostering the growth of the global logistics market. Globalization is another key factor supporting the growth of the logistics market. Logistics enable organizations to segregate different parts of a production process in different countries. This reduces the overall cost of production. Expanding e-retailing which includes the display and purchase of items via the internet is augmenting the growth of the market. Thus, the popularity of online shopping has increased drastically in recent years owing to an increase in the internet and growing preferences for online shopping over traditional shopping. Rapid technological developments and the digital revolution in communication are further anticipated to accelerate the growth of the market.

1.      In August 2020, Trident Worldwide soft launches its brand-new, revolutionary platform that provides end-to-end logistics, warehousing, and marketplace solutions; completely transforming how organizations will monitor their complete logistics

2.      In May 2020, Etihad Cargo, the freight division of United Arab Emirates carrier Etihad Airways, has launched TempCheck, its new cargo solution created to ensure the integrity of all temperature-sensitive pharmaceutical and healthcare products as they are transported around the world.

The Asia Pacific is expected to lead the global logistics market owing to expanding e-commerce industry due to the penetration of the internet in the region. According to the India Brand Equity Foundation, e-commerce has transformed the way business is done in India. The Indian E-commerce market is expected to grow to US$ 200 billion by 2026 from US$ 38.5 billion as of 2017. Much of the growth for the industry has been triggered by an increase in internet and smartphone penetration. As of September 2020, the number of internet connections in India significantly increased to 776.45 million, driven by the ‘Digital India’ programme.

Logistics is typically the planning and management of an entire complex operation, which is then carried out smoothly with the support of various people or departments involved in the process. In a broader context, logistics is also the coordination of the transportation of items from the point of production to the point of ultimate consumption to fulfill the needs of corporations or consumers. Logistics, therefore, encompasses a wide range of activities that involve the physical movement of resources and products from their point of origin to their point of use in the production, processing, or distribution process. The scope of logistics services extends far beyond the initial transportation of resources and goods and extends to the collection, tagging, loading, and unloading of goods, which are usually performed by employees of logistics firms. Transportation, packaging, quality assurance, and quality control are some of the key areas of logistics that require high levels of expertise and attention in order to provide correct services.