Global Automated Storage and Retrieval Systems (ASRS) Market Report 2021: Market is Projected to Reach a Revised $10 5 Billion by 2027 prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
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The global freight forwarding market is expected to grow steadily with a CAGR of more than 4% during the forecast period. The growth in international trade volumes is a major driver for the freight forwarding market. Moreover, the rise in trade agreements between countries is also contributing to the growth of the market. Asia-Pacific is the fastest growing and the largest market for freight forwarding, with the Chinese freight forwarding market holding the maximum share.
Being non-asset based, the sector is facing high competition from other players in supply chain and technology-based companies which are disrupting the freight forwarding market. The market is one of the sectors that were hit the hardest by the COVID-19 outbreak in 2020. With the lockdown in many countries and a major focus on the production of essential products, the volumes of air and ocean freight have fallen significantly in 2020. However, the market is now recoverin
Read more about Online fashion industry clocks 51% growth order volume in FY21: Report on Business Standard. Online fashion industry witnessed an order volume growth of 51 per cent and GMV increase of 45 per cent in FY21 as compared to the previous financial year, a report by Unicommerce said on Thursday.