Logistics Statistics 2022 — 18 Key Figures
Logistics statistics in 2022 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 2022. 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.
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.
There are two solutions that 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 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 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.
We all know that without drivers, goods cannot get from one place to another which will result in a supply chain’s 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, small trucking companies have little to no incentives or salary increases due to the rising prices. Thus, stopping them from investing in new trucks and hiring new drivers.
To keep the supply chain moving, companies must adopt the new trends in the supply chain that tackles driver shortage and invest in driver retention which includes driver incentives to be given by companies.
Logistics Statistical Figures in 2022That You Should Know
1. The global logistics market is expected to grow from 414.56 billion in 2021 to $15.71 billion in 2022 at a compound annual growth rate of 7.9%.
2. The global last-mile delivery market was valued at $18.7 billion in 2022 and is expected to reach $62.7 billion by 2027.
3. In January global ocean fleet statistics for 2022, it has been revealed that the Mediterranean shipping company (MSC) has surpassed Maersk as the world’s biggest container line.
4. The MSC and Maersk hold global market shares of 17%.
5. It is expected this year that the ocean freight market will amount to 66 million TEUs.
6. In 2022, e-commerce sales grew by 10% which accounts for 14% of U.S. retail sales.
7. The third-party logistics market is expected to expand at a compound annual growth rate of 8.6% from 2022 to 2030.
8. The global automotive logistics market is expected to grow from $223 billion to $247.12 billion in 2022 at a compound annual growth rate of 10.5%.
9. A study in 2022 showed that 70% of its respondent consumers are willing to pay more to support greener logistics operations.
10. The driver shortage is one of the main problems that the supply chain industry is facing. Currently, the industry is facing a shortage of more than 60,000 drivers.
11. In the United States, the overall leasing volume increased by 6% year-over-year. Logistics and distribution companies and 3PL providers are the leading drivers of demand.
12. The industrial & logistics market in Europe is breaking new record volumes of investment which represents 23% of total commercial real estate.
13. In 2022, many anticipate that there will be a 16.8% increase in worldwide e-commerce sales.
14. In The United States, container ships unloading goods have remained at American ports for 7 days on average which is a 4% increase compared to last year.
15. Full truckload carriers’ revenue rose to $332 billion in 2022.
16. The Asia-Pacific remains the largest contract logistics market by region with China overtaking the United States market value by 2026.
17. Global contract logistics is expected to grow in 2022 but at a slower pace of 7.1% year on year.
18. In 2022, trucking freight continues to see more opportunities and volume. Road freight accounts for the largest segment of the United States supply chain spending as it expanded by 23.4% to $831 billion spent.
+ 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.
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