Fourth Party Logistics Market Developments and Forecast by 2031
The fourth party logistics market size is projected to reach US$ 121.63 billion by 2031 from US$ 71.89 billion in 2023. The market is expected to register a CAGR of 6.79% in 2023–2031.
The Advent of Industry 4.0 has resulted in the digital transformation of the manufacturing sector. Various players are harnessing the power of such sophisticated digital technologies, which is offering a competitive edge to their client companies by streamlining various supply chain processes.
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