What the logistics world needs to know about ‘fiercely competitive’ logistics market
The logistics world has not been the same since logistics was invented in the mid-1990s, according to one of the most influential figures in the industry.
In an interview with the Guardian, Richard B. Anderson, the co-founder of LogisticsOne, a logistics consultancy, told the magazine the sector is now “fierce” but also that it has not changed much in the past 25 years.
“There is still a great deal of room for growth,” he said.
“It is a very different market today, because you are looking at things from a much different angle.”
The logistics world is not the same as it was 20 years ago, and there is a huge gap between what is going on today and what it used to be like in the early 2000s.
“The company has been busy growing its services over the past five years, expanding its operations from a few hundred people to more than 5,000, and it is expanding its global footprint.
It is also investing in more technology and more people, Anderson said, adding that the company is now looking at more opportunities for growth.”
We are looking for a world where logistics is becoming a truly global industry,” he added.”
You can now bring all the different segments together, where there are a lot of different products.
“And the market for that is really growing rapidly.”
Our strategy is to make it that way.
“The business has seen significant growth in recent years, with demand for warehousing and logistics products growing from the US to Europe and elsewhere.
In 2015, it was one of a number of logistics services providers that reported profits of $1.6bn.
The US market has become a lucrative market for the company, and this year Logistics One has been adding more services to its portfolio to compete with other logistics firms in the region.
However, Anderson also said the business is now facing significant challenges, saying he had not seen the growth in demand that he had predicted in 2015.”
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I am looking forward to the next five years.”
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