Transportation, Supply Chain & Logistics OVERVIEW
Robotics are already providing a high level of automation in ports and warehouses, while artificial intelligence is also being applied widely to the supply chain.
In 2021, Plunkett Research estimated global transportation sector revenues of $4.9 trillion, or 6% of GDP. The Coronavirus pandemic had a significant effect on the entire transportation and supply chain sector worldwide.
Among the hardest hit sectors was the airline industry, due to plummeting passenger ticket sales.
Logistics, supply chain, shipping and railroads have been affected in varying ways, depending on which of their customers you are considering.
Ecommerce has been booming, as online firms like Amazon became the preferred places for many consumers to shop.
This means that local delivery services, ecommerce warehouses and many other types of transportation services that support ecommerce are booming. At about 6% of global economic activity (GDP), transportation's core sectors add up to a remarkably efficient industry, considering the fact that transportation is a vital service to nearly every other sector of the economy.
In fact, thanks to increasing use of advanced information systems and such strategies as intermodal containers (sending freight via containers that are easily transferred from ship to rail car to truck as needed, without repacking), the transportation industry's productivity has been high. Over recent years, globalization and international trade placed intense new demands on the transportation and supply chain sector.
FedEx, for example, provides a wide variety of freight and package delivery services in virtually every