Global Third Party Logistics (3PL) Market Is Projected To Grow At A 9 5% Rate Through The Forecast Period einnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from einnews.com Daily Mail and Mail on Sunday newspapers.
According to Technavio, the 3PL market in Egypt is expected to grow by USD 1.30 billion from 2021 to 2026, at a CAGR of 8.39%. The growth is driven by factors such as the increase in maritime transportation, strategic government initiatives to transform Egypt into a global logistics, and the increasing demand from sectors like manufacturing and healthcare. However, the market faces challenges due to high logistics costs, ineffective supply chain management, and underutilization of assets.
LRMC president and CEO Juan Alfonso (left)and Airspeed Group chairperson Rosemarie Rafael (right) (Photo courtesy of LRMC) MANILA - The country's first smart locker system, where users may rent a locker to receive packages without contact, will soon be available in all stations of the Light Rail Transit Line 1 (LRT-1). In a statement on Tuesday, the Light Rail Manila Corporation (LRMC) the operator and maintenance provider of the LRT-1 announced its partnership with logistics company Airspeed Group of Companies (Airspeed) to pilot the "PopBox" smart locker system currently present in key cities in Indonesia and Malaysia. "PopBox smart lockers will be located in all 20 LRT-1 stations, and will offer efficient and contactless delivery service for the benefit of commuters who wish to use LRT-1 stations as their pick-up point for packages," the LRMC said. The smart locker system is scheduled to be launched in February. Aside from making deliveries more conveni