Leveraging IT Logistics for Economic Growth in Air Cargo and Maritime

Leveraging IT Logistics for Economic Growth in Air Cargo and Maritime

 

In today’s interconnected world, the efficient movement of goods is essential for global trade and economic growth. Logistics costs account for nearly 13-18 per cent of every developing nation’s GDP. For example, China’s logistics cost in 2020 stood at US$2 Trillion, and that of the USA stood at US$1.4 Trillion. This means these two countries alone account for major fuel consumption on the entire planet. To control this huge cost, countries are leveraging technology to achieve the dual objectives of sustainability and innovation.