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Written by Marijn Overvest | Reviewed by Sjoerd Goedhart | Fact Checked by Ruud Emonds | Our editorial policy

 Logistics Statistics 2024 — 21 Key Figures

Key take-aways

  • The logistics landscape in 2023 is marked by a series of dynamic trends and challenges, each influencing the industry’s growth trajectory.
  • The logistics industry, despite challenges like geopolitical risks and skill shortages, evolves through technology, digitalization, and a commitment to meeting customer demands.
  • The interplay of these factors shapes the current and future trajectory, emphasizing the need for adaptability and innovation for sustained growth.

Logistics statistics in 2023 allow people, especially professionals, to see the growth of logistics today and in the coming years. However, what are the factors that affect logistics and figures to see its growth?

For this article, we will discuss the factors that affect logistics in 2023. We will also show you the figures that affect its growth today. 

Once you finish reading this article, you will know the latest news about logistics. Thus, allowing you to know its growth and check any opportunities you may see in logistics with your business or profession. 

Logistics Statistical Figures in 2024 That You Should Know

Here are some of the logistics statistical figures that you should know in 2024:

1. Global Freight Logistics Grew 5.5% in Compound Annual Growth Rate in 2023

According to Report Linker, from $15.65 billion in 2022, the global freight and logistics market increased to $16.52 billion in 2023 with a 5.5% CAGR. Although the war between Russia and Ukraine hindered the global economic recovery from the COVID-19 pandemic, the difference is a good number.

Moreover, the war impacted the growth by a great deal because it paved the way for a surge in commodity prices which caused inflation in many countries, hence the great difference in a year.

Global Freight Logistics Grew 5.5% in Compound Annual Growth Rate in 2023

2. Ocean Freight Rate Declined by 5.37% in 2023 Compared to 2022

Although shipping rates in general stabilized this year because of better supply chain management and marketing practices led by various global economy recovery plans, the ocean freight market decreased in volume. 

According to Siam, there is a significant decline of the ocean freight market with a 5.37% decrease in 2023 compared to 2022.

Challenges rose in import and export processes due to the global recession as an after-effect of the pandemic and dispute between Ukraine and Russia.

3. Global AI Use in Logistics Increased Exponentially in the Advancement of the Business Industry

In order to adapt with the rapid growth of today’s digitalized world, many businesses shifted into using artificial intelligence (AI) to streamline shipping processes. 

Based on Business Wire’s report, the global artificial intelligence in the transportation and shipping market surged to $3.1 billion compared to last year’s $2.6 billion which reflects a 19.4% CAGR. 

Furthermore, AI in the transportation market quickens land shipping by analyzing transportation patterns and suggesting the best routes to avoid heavy traffic congestion in order to minimize the turnaround time.

4. Unemployment Rate in the US Surged to 3.8% with a 62.8% Labor Force Participation

In the United States of America, even after the economic recession caused by the global pandemic, the unemployment rate surprisingly increased in the first two quarters of 2023.

According to CNBC, as the labor force participation grew to 62.8% in the latest update of 2023, the unemployment rate also went up by 3.8%.

This is caused by higher inflation rates more than salary rates. Up to date, nearing the end of the third quarter of 2023, hourly earnings only increased by 0.2% with a total of only 7.3% increase this year which is significantly lower than the predicted 0.3% and 4.4% minimum expectations made in 2022.

5. The Global Contract Logistics Market will Increase by 3.8% by the End of 2023

According to Tels Global, with Asia and the Pacific leading in the global contract logistics market, it is forecasted that by the end of 2023, it will increase by 3.8% with the value of more than $284.458 billion.

China and India are the top contributors in this increase and will have an accumulation of more than $113.783 billion which translates to at least 40% of the global value.

6. 60% of Businesses in the US Use Multi-Channel Marketing Practices

Deliver’s survey results show that 60% of global businesses in the US use multi-channel marketing.

By implementing great marketing strategies via different social media platforms, wholesale, and online marketplaces, businesses can increase revenue by 21% in 2023. This maintains the flow of the supply chain and regains sales volume.

60% of Businesses in the US Use Multi-Channel Marketing Practices

7. Customer Demand Increases while Rapid Changes in 2023 Happen

Economic development is a big factor in the rapid changes of customer demand because of the constant evolving nature of market trends. Thus, customer demand rates also rapidly increase.

For example, according to Customer Think, 73% of global customers prefer spending more in exchange for sustainable products, while 81% of them firmly believe that businesses and companies should be doing a lot more to help the environment rebuild itself.

8. 9 Out of 10 Employers Expresses Concern over Skill Shortage

In a recent update regarding skill shortages made by Gitnux, the entire business industry faces an alarming issue of skill and labor shortages around the world.

At the beginning of the pandemic in 2020, 89% of construction businesses struggle in finding people to fill in positions. This is similar to the 69% builder manpower shortage in 2021. Thus, it is predicted that by the year 2025, manufacturers and production in the US will have a manpower shortage of over 2 million and will make it even harder to meet customer demand.

9. Use of Robotics in Warehouses to Rise up to $334 Billion between 2032 and 2042

Alongside the rise of AI, the number of use of mobile robots in warehouses also increases. In fact, up to date, Amazon has over 200, 000 mobile robots operating in its facilities.

DHL also recently announced that they have collaborated with Boston Dynamics and that they are investing a whopping $15 million to robotics in order to optimize their shipping processes. 

Moreover, Business Fortune Insights predicted that investments in robotics can reach up to $334 billion between 2032 and 2042.

10. Geopolitical Risks Increase in Number

In a recent survey conducted by Oxford Business, 36% of businesses fear geopolitical risks associated with wars related to South Korea, Russia, China, Taiwan, and Ukraine will negatively impact their business operations.

A total of 127 businesses participated in the third quarter survey and addressed special concerns in relation to latest disputes between the US and China which greatly affects trade and commerce since Asia is leading with the most effective and efficient business operations in the industry. So, because of this, geopolitical risks rise especially concerning the regulations of importing and exporting procedures.

Geopolitical Risks Increase in Number

11. Supply Chain Leaders Expected to Invest in Digital Supply Chain Management

According to a McKinsey survey, 90% of supply chain leaders reported investing in digital supply chain management technology since 2021, with 80% expecting to continue to invest in 2023 and beyond, often to support advanced planning.

In addition, Gartner also revealed that 83% of businesses emphasize and give utmost importance to customer satisfaction by improving customer service as part of their digital supply chain management tactic.

12. Increasing Logistics Companies in the US Mirrors the Demand for Logistical Support

In order to cater to economic development and rampant changes in market trends, logistical needs also increase. Shipping, freight, and customer demand are only a few of the notable aspects of logistics that greatly surged in numbers.

Furthermore, as of the recent update for 2023, IBIS World reports that there are 20, 410 Third-Party Logistics (3PL) companies based in the US.

13. The Global Market for Warehouse Automation to Reach a $30 Billion Value by the Year 2026

In order to keep up with the fast-paced business industry, businesses strategize on how to improve their operations, especially in production.

Based on Gitnux’s findings, the global market for warehouse automation will approximately reach up to $30 billion in value due to its optimal support for fast production. Moreover, this also reflects the logistics industry’s impact on how businesses run their operations more efficiently that drives success.

14. Global Logistics Market is Set to Increase by the End of 2023 by 4% and only 3% by 2024

According to ING, the growth of the global statistics market is only slowly increasing because of the after-effects still of the COVID-19 pandemic. Although it has already been 2 years since the world started to go back to normal, consumers are still having challenges financially.

Moreover, the Asian economy is slightly recovering slowly, compared to the US and Europe, from its recession 3 years ago, thus contributing to the logistics and transportation market internationally. 

Global Logistics Market is Set to Increase by the End of 2023 by 4% and only 3% by 2025

15. Use of Digital Communications Expected Continue Prevailing as Digital Users Continue to Increase in Number during Q3 of 2023

Paper is still widely used in supply chain processes, especially for printing physical invoices, reports, and other documents. However, it is quickly being replaced by digital communications which are already used by 64.6% of the entire human population.

Statista reported that during the third quarter of 2023, digital users reached up up to 5.18 billion. Currently, Asia has the greatest number of online users with over a 2.93 billion count and Europe only comes second with 750 million users. So, as predicted, the use of digital platforms, especially digital communication platforms, are set to continuously improve by the end of 2023 and for years to come. 

16. Moving Cargo Price Rates Seen to Increase as Air and Seaborne Cargo Traffic Goes up in Value in 2023

With so many factors affecting diesel prices and so much volatility in the market, moving cargo companies raise their prices to adapt to lesser market.

As Zipdo reveals, the global seaborne cargo and transportation market will reach up to $14.3 Trillion in value by the end of 2023. This number only reflects how important the cargo industry is and how it will impact supply chain managements should it fluctuate abnormally.

Moreover, the global air cargo traffic on the other hand, is expected to carry over 230.5 million tons by 2037. With constant development in airports and innovation regarding air cargo, this number is expected to double or even triple by the coming years.

17. Digital Logistics Market Size to Reach up to 77.52 Billion by 2030

As the world continues to expand and advance, its economic status also develops along with its processes. In order to keep up with the rise of technology advancements, businesses adapt technology into their operations, especially in production and logistics.

Globe News Wire reports that, based on Skyquest, if this behavior continues, the digital logistics market may reach up to 77.52 Billion by the year 2030. Starting from 2022 to 2030, it is also predicted that there will be an accumulation of 17.54% CAGR. Moreover, the development of AI and widespread use of the internet are the two main factors to accelerate this growth.

18. Same-Day Delivery Market in the US to Reach over $13 Billion in Value by 2025

Online shopping was first introduced in, but it is still now widely used and a preferred way of shopping by a huge number of the human population.

As customers demand for quicker delivery schedules, the same-day delivery market increases in value. Thus, it is expected that by 2025, the same-day delivery market will reach billions of dollars.

19. E-Commerce Logistics Market Projected to Reach over $535 Billion in Value by 2025

In order to quicken and optimize business operations, more companies adapt technological advancement in their supply chain command, focusing on production and delivery. Thus, e-commerce logistics is also prevalent among the other aspects of the supply chain.

With the recent numbers surrounding e-commerce logistics, Statista reports that it will reach over $535 Billion in value by 2025. This only shows how the world is rapidly changing and how it affects logistics and its entire nature.

20. 55% of Consumers in the US are Willing to Pay More for Sustainable and Eco-friendly Brands, Products, and Practices

Sustainable products rose in development and jumpstarted after the most recent global pandemic. In addition, recent surveys conducted by PWC also showcased a 71% jump of online searches regarding sustainable goods compared to 2018.

Moreover, 55% of consumers in the US said that they are willing to pay more for eco-friendly and sustainable products. Thus this also came with a specialized transportation and delivery that also reflects the same sustainable practices to keep the brands’ image intact.

21. To Promote Data-Driven Decision Making in Logistics, 79% of CSCOs Develop Training Programs in 2023

As the business industry progresses, consumer demand also increases. Thus, the rise of data analytics account for monitoring supply chains, identify risks, and ultimately streamline business operations. 

Furthermore, in a recent study by Gartner Inc., it is found that 79% of CSCOs are developing training programs to adopt advanced analytics in logistics. This promises an easier and more productive way of estimating customer demand, optimize inventory planning, and identify market trends even in huge data sets.

To Promote Data-Driven Decision Making in Logistics, 79% of CSCOs Develop Training Programs in 2023

Last Mile Delivery

The Last mile is understood as end-to-end delivery, where the goods are delivered straight to the customers from the warehouse. Today, the last mile has become the standard which is why it is now expected. 

Customers demand cheap but fast and accurate delivery and failing to do so is a major problem in the market. The last mile is a serious challenge that many small to midsize businesses face as huge global brands like Amazon have already perfected their delivery system. 

Many small businesses rely on third-party logistics. However, this should be the year when they will need to shift to the last mile as a service to cope with the growing demand. 

 Two solutions are going to be popular this year and in the years to come. The first one will be building fruitful relationships with local delivery companies to gain discounts and rely on technology. 

E-Commerce

E-commerce has made each country closer to each other as sending products across national borders has become easier than it used to be. Reaching new consumers in new markets is now as easy as setting up a website.

Due to this, e-commerce has resulted in an even greater significance of logistics partners who are now in demand to service more markets as quickly as their domestic customers. 

Access to transport networks, enhanced systems for processing returns, and physical location are now on the list of every online store to support their international expansion. 

Driver Shortage

We all know that without drivers, goods cannot get from one place to another, resulting in a supply chain breakdown. 

Trucking is the primary source of container transport once it has been unloaded at a port. A shortage of trucking would mean capacity-constrained facilities due to container volume that sits idle at the port. 

When raw materials and products do not move, business operations will suffer as they cannot enter the inventory process and be sold to customers. 

According to Forbes magazine, there is one qualified driver for every 9 job postings. Thus, the problem lies in the shortage and qualifications of drivers. Additionally, due to the rising prices, small trucking companies have little to no incentives or salary increases. Thus, stopping them from investing in new trucks and hiring new drivers. 

To keep the supply chain moving, companies must adopt the new supply chain trends that tackle driver shortage and invest in driver retention, including driver incentives to be given to companies. 

Procurement Expert’s Advice on Logistics Statistics

For this article, we asked an experienced procurement expert to share her insights to help answer common questions about the statistical figures in logistics.

Faiza Iftikhar
Co-Founder, Procura
Pakistan

LinkedIn Profile: linkedin.com/in/faiza-iftikhar

1. What are the latest statistics that you felt in your work and how did you face it?

“Transportation costs and shipping costs from China are fixed and depend on incoterm. Nowadays transportation costs are in variations. So we received notice from the government that statistics are very important for local logistics.

2. What tips can you give procurement professionals about logistics?

“Procurement depends on logistics because lead time is very important so when you are making inventory it is very important to know the logistics issue and must have legal compliance knowledge regarding logistics cause sometimes we have to cover logistics costs in procurement. Uncertainty is very common in logistics”

“Certainly, here are some tips for procurement professionals about logistics:

1. Supply Chain Visibility: Strive for end-to-end visibility in your supply chain to track inventory, monitor shipments, and respond to disruptions effectively.

2. Communication: Maintain open and transparent communication with logistics partners, suppliers, and internal teams to ensure seamless operations.

3. Data Utilization: Leverage data analytics to optimize logistics processes, identify cost-saving opportunities, and enhance decision-making.

4. Risk Management: Develop contingency plans and risk mitigation strategies to address disruptions like natural disasters, port strikes, or geopolitical issues.

5. Technology Adoption: Embrace logistics technology solutions such as Transportation Management Systems (TMS) and Warehouse Management Systems (WMS) to streamline operations.

6. Sustainability: Consider environmental and social impacts in logistics decisions, with a focus on reducing emissions, and waste, and improving sustainability practices.

7. Cost Control: Continuously monitor logistics costs, negotiate with carriers, and seek opportunities to reduce expenses.

8. Lean Inventory: Aim to optimize inventory levels to minimize carrying costs while ensuring products are available when needed.

9. Regulatory Compliance: Stay informed about local and international shipping regulations and customs requirements to avoid delays and penalties.

10. Collaboration: Foster collaboration between procurement and logistics teams to align goals, share insights, and streamline operations.

11. Continuous Improvement: Regularly review logistics processes, seek feedback, and make data-driven improvements to enhance efficiency and reduce lead times.

12. Network Optimization: Periodically assess your distribution network and transportation routes for potential efficiency gains.

By following these tips, procurement professionals can better navigate the complex world of logistics, improving supply chain efficiency, reducing costs, and enhancing overall operational effectiveness.”

3. For you, is it important to know the latest logistics statistics?

Yes, knowing the latest logistics statistics is important for procurement professionals as it provides insights into trends, challenges, and opportunities in the field. Access to current data helps in making informed decisions, optimizing logistics operations, and staying competitive in an ever-evolving marketplace. Updated statistics can also aid in risk management and cost reduction strategies.

Conclusion

While the logistics industry faces challenges such as geopolitical risks, skill shortages, and driver shortages, it continues to evolve through technological advancements, digitalization, and a commitment to meeting customer demands.

The interplay of these factors shapes the current state and future trajectory of the logistics sector, emphasizing the importance of adaptability and innovation for sustained growth.

Frequentlyasked questions

What are logistics statistics?

Logistics statistics show you the latest figures about the growth of logistics.

What is logistics?

Logistics is the process of planning efficient storage and transportation of goods from their origin to the point of destination.

What is the last mile in logistics?

The last mile in logistics is the term used for the end-to-end delivery of goods.

About the author

My name is Marijn Overvest, I’m the founder of Procurement Tactics. I have a deep passion for procurement, and I’ve upskilled over 200 procurement teams from all over the world. When I’m not working, I love running and cycling.

Marijn Overvest Procurement Tactics