What does it take to be considered a top logistics provider? We looked at some of the top players in the logistics field globally and compiled this list of brand names we found worthy of your attention.
From the Ancient Romans and Greeks through Middle Ages and modern times, logistics played a fundamental role in the global development of human society. Logistics can be defined as the movement of products or services to a designated location at an agreed-upon time, cost, and condition. In the current era of economic globalization, transportation plays a critical role in linking various import and export markets.
The significant growth in the online retail sector worldwide is the driving force behind the rise of the global logistics market. E-commerce sales reached an all-time high of $4.2 trillion in 2020. Analysts projected the e-commerce sector to account for 24% of all retail sales by 2024 in the United States. The pandemic has forced many businesses to go online and provide online delivery, including return and refund procedures, increasing the demand for reverse logistics processes with flexible flexibility services such as tracking capabilities. Third-party logistics businesses have also become increasingly popular. Armstrong and Associates report shows that over 90 percent of Fortune 500 firms in the United States used one or more third-party logistics suppliers (3PLs). 3PLs can serve practically any sector worldwide, increasing efficiency, providing freight cost visibility, and handling all logistics operations as a one-stop shop. In many major regions around the world, including the United States, Europe, and China, 3PL market growth is expected to remain stable over the next few years.
The global logistics market was worthed almost $4,967 billion in 2020. Between 2021 and 2026, the logistics industry is predicted to increase at a CAGR of 5% during the forecast period, reaching a value of around $6,656.3 billion.
The Asia Pacific area is the world’s biggest logistics market accounting for 37% of total global logistics industry growth between 2018-2022, followed by Europe, North America, Latin America, the Middle East, and Africa. Some of the core factors influencing the APAC industry booming are the adoption of the latest technology developments to assist businesses in working more efficiently, the growing middle-class population, and rising disposable income.
Shippers need to digitize their supply chains to take advantage of big data and AI [artificial intelligence] on top of data. Then you can start to see patterns and possibilities. As long as you have manual processes, you will have breaks in the chain.Chuck Hammel, Pitt Ohio Group for McKennalogistics
The labor shortage is one of the main factors holding back the industry. More than 25% of people in the global supply chain globally are currently beyond retirement age, and 45% of companies reporting that they are struggling to fill vacancies. This becomes particularly apparent in the UK transport and logistic sector because of the pandemic and Brexit’s immigration rules that have introduced a points-based system and salary caps for low-skilled workers where HGV drivers fall.
The current shortfall of around 90,000 HGV drivers is placing unsustainable pressure on retailers and their supply chains. While there was a shortage of HGV drivers prior to the COVID-19 pandemic and Brexit, these two events have exacerbated the situation; the pandemic halted driver training and testing for more than 12 months, while an estimated 14,000 EU drivers returned home during the pandemic and following the end of the (Brexit) transition period.Logistics UK and the British Retail Consortium joint letter to the Department for Business, Energy and Industrial Strategy
The sector’s future lies in implementing technology-based changes in critical logistics operations such as supply chain procurement, sales, operational planning, and customer support across multiple internal processes.
Stord is an Atlanta-based startup pioneering the world’s first Cloud Supply Chain – the convergence of logistics’ digital and physical elements. Stord has raised a total of $205 million in funding over five rounds. Their latest funding was raised on Sep 14, 2021, from a Series D round. Stord has a domain name exactly matching their brand name: Stord.com.
OneRails is a final mile delivery services SaaS platform that provides real-time visibility, actionable data, and data-driven optimization capabilities for its clients. Bill and Lisa Catania founded the company in 2018 in the Southern US. OneRails has secured $21.5 million in funding over four rounds. Gaingels and Las Olas Venture Capital led the latest investment round. OneRail is operating on the exact brand match OneRail.com domain name.
FedEx is one of the well-known logistic companies worldwide that provides customers and businesses with a broad portfolio of transportation, e-commerce, and business services. As of October 2021, FedEx has a market cap of $59.22 billion, making it the world’s 297th most valuable company by market cap, according to Companiesmarketcap data. As a global brand, FedEx has a serious domain strategy. The business is operating on a matching global domain – Fedex.com and takes advantage of using different domains – like fedexcares.com for their community engagement program, or FedexAlertline.com for reporting any unethical or unsafe behavior to the company.
Project44 offers an advanced supply chain visibility platform for shippers and third-party logistics companies. The company has recently expanded by acquiring Texas logistic firm Convey for $255 million. Project44 has reached a Unicorn status with a total of $397.5 million raised in funding over seven rounds. Project44 has invested in the exact brand match domain name Project44.com.
Freightwalla is one of India’s leading freight forwarding companies that helps manage the supply chain through a tech-enabled platform. The company has raised a total of $4million in funding over 3 rounds. Freightwalla has secured Freightwalla.com for its brand presence online.
Two hundred and twenty-eight companies out of two hundred and sixty-three have chosen to operate on .com extension.
One hundred and seventy-eight companies are operating on exact brand match domains. Investing in such a name ensures the brand is secure online and makes it easy for their customers, business partners, and investors to reach them.
Thirteen companies use a dash in their domain name.
Six companies have chosen the .net extension. According to the Domain Name Industry Report, there are 13.4 million registered .NET extension domain names worldwide, making it the second most popular extension after.COM. .NET is considered most suitable for technology and web-service businesses along with.IO (used by four companies on the list) and. AI (used by seven).
|DOMAIN EXTENSION||LOGISTIC COMPANIES 2021 USING IT|
|elitetransit.com||ELITE Transit Solutions||yes|
|kpowergl.com||Kpower Global Logistics||no|
|greenworldwide.com||Green Worldwide Shipping||yes|