Research Report
Research Report
Research Report
Report
Trend Analysis, Challenges and Opportunities
Report
1. Logistics
contains 2. Shipping and Port
research on 3. Aviation
4 sectors 4. Rail
Logistics
Introduction
Logistics is widely known as the process of coordinating and
moving resources, such as equipment, food, liquids, inventory,
materials, and people, from one location to the storage of the
desired destination.
Oil & gas segment was valued USD 600.09 billion in 2022 and
witnessing a CAGR of 12.0% from 2023-2030.
The global logistics market size was accounted for USD 7.98 trillion in 2022 and it
is expected to be worth around USD 18.23 trillion by 2030 with a
noteworthy CAGR of 10.7% from 2023 to 2030. North America logistics market
was valued at USD 1,971.87 billion in 2022
Inconsistencies in tracking
Using spreadsheets and multiple software for the same activity decreases workforce productivity and reduces efficiency.
Delivery delays
The spiralling effect of the pandemic caused factories to shut down and led to a series of labour-shortage-related issues. In addition, they have siloed and fragmented
legacy processes that negatively impact the delivery times.
Global Trade
Increasing global trade also causes many other issues for ports. With a lack of transparency between vessels and ports, they are often unprepared when a vessel arrives at the dock. Normally vessels do
not arrive according to the ETA predicted by the captain, and many ports do not have access to real-time ETA prediction systems for better organization practices.
Production Capacity
Due to infrastructure constraints and increasing global trade, production capacity is an issue. With this global trade increase ports could be augmenting their production capacity, but due to their old
infrastructure, lack of resources, and lack of technologies, this proves to be a constraint.
Finances
Without technology ports cannot adequately plan resources, they can for instance spend more money on crews that end up working overtime only because they are waiting for a vessel to arrive.
Related to port infrastructure problems, a port infrastructure unable to accommodate larger vessels and higher cargo volumes will also be costly since they will lose business. Due to inefficiency, the
operating costs increase while productivity decreases.
(2) Aftermath of the COVID-19 pandemic The pandemic was among the greatest challenges the aviation companies ever faced, with its impacts continuing even after
travel restrictions are lifted in many parts of the world. According to the IATA report, the pandemic erased essentially 20 years of gains in passenger traffic in one
sudden blow.
(3) Russia-Ukraine conflict The conflict between Russia and Ukraine has brought along the imposition of various sanctions and the creation of a few no-fly zones,
which has created challenges for the aviation sector. The impact of the conflict is especially felt by specific trading partners and across key markets.
(4) Airline Infrastructure Airport infrastructure such as runways, hotels, terminals, concourses, shopping centers, and lounges are needed to consistently be upgraded
to cope with the rise in the number of air passengers
(5) Global Congestion Air congestion and passenger traffic are a few other challenges faced by the aviation market, which seem to have no quick solution, at least in
the immediate future. Airports nowadays are often crowded, and flight delays have turned out to become a regular thing. Most flights these days seem full, and
terminals are always congested, with the rise in the number of air passengers constituting a major factor.
(6) Climate Change Climate change and environmental issues certainly remain among the key challenges faced by the airline industry. Since commercial aviation is
responsible for a significant percentage of carbon emissions, the industry is under significant pressure to take measures to reduce the environmental impact of air
travel.
Opportunities
Aviation’s green
Pent-up travel demand
transition