What is Logistics?
Logistics is a process done by an organization by collecting, coordinating, stored resources (material, equipment, inventory), and transport them to the desired destination. Like you ordered from Amazon and Flipkart and their logistics team delivered products to you.
Logistics managements involve different business functions like – Demand Planning, Inbound transportation, Outbound transportation, Warehousing, Agile Management, Order fulfillment.
The transportation/logistics industry grow and exceedingly changed over the past few decades, because of the demand and supply of products and resources across the states, countries. Logistics became one of the fastest-growing industry and one of the major reasons is E-commerce and the rapid growth of online ordering.
List of Top 10 Logistics / Transport Companies in the World –
|S. No.||Logistic Company Name||Revenue in 2020 (in $US Billion)|
|1.||United Parcel Service (UPS)||$84.6|
|3.||Deutsche Post DHL||$24|
|7.||J. B. Hunt||$9.165|
|8.||Ryder System Inc.||$8.4|
1. United Parcel Service (UPS)
$84.6 Billion in the fiscal year of 2020.
3. Deutsche Post DHL
4. DB Schenker
5. XPO Logistics
6. CH Robinson
7. J. B. Hunt
8. Ryder System Inc.
9. Expeditors International
10. NFI Logistics