Global contract logistics market grows slower

Ti’s new analysis of the global logistics market shows that the market grew by just 3.8% last year, compared to 4.4% growth recorded in 2014. According to Ti, however, this slowdown will be short-lived as growth in emerging markets is expected to pick up. “Overall, the past year was a year with few changes in developed markets for contract logistics. What did stand out was the weak market in emerging markets. However, it would be wrong to conclude from this that those markets should be abandoned. After all, forecasts for 2016 and beyond are more optimistic. Logistics service providers might be better off taking a pause for reflection before stepping up investment in certain locations,” said Ti economist David Buckby.