All You Need to Know About Developing a Trucking and Logistics App

May 14, 2020
NitinLahoti

The global logistics industry has evolved into one of the world’s largest and most important industries. The revenues are projected to touch US$ 15.5 trillion by the year 2023, and the industry is expected to grow with a CAGR of 7.5% up till 2024. Its ever-growing significance could be attributed to the fact that it is the industry which keeps other industries afloat. In the absence of a well organized and efficient logistics and transportation industry, it would be borderline impossible for other industries to grow at the pace that they are currently growing at.

Logistics has tremendous utility and significance in some of the world’s leading industries such as e-commerce, automobiles, pharmaceuticals, chemicals, manufacturing, retail, telecommunication, financial services etc. Their orderly functioning is dependent on the effectiveness of logistical processes employed in their regular operations. The vitality of a functional and effective logistics industry for global trade activities is undeniable.

Current Problems in the Logistics Market and How Logistics Apps Could Solve Them

Trucks ferry about 71% of total freight in America and the trucking industry brought in 81.5% of the country’s total freight revenue in 2016. However, despite its overwhelming impact on the fortunes of the American economy, and its centrality in the global logistics market, the trucking industry is plagued with challenges.

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BUSINESS
NitinLahoti

Nitin Lahoti is the domain expert of Logistics and Transportation. He has 12+ years of experience in Design, Business Development and Startups.

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