Logistics Market Snapshot - July 2014

On 16 Jul, 2014

 

Please click the image to view the July 2014 edition of the monthly “Logistics Market Snapshot” as submitted by the Georgia Center of Innovation for Logistics.

A few encouraging statistics pulled from this month's edition are as follows...

  • CNBC has named Georgia as the #1 place for business in the nation!  Georgia's best category, its workforce, was tops in the nation for the third year in a row.  Georgia ties for first in logistics and infrastructure with America's busiest passenger airport and fourth busiest seaport.
  • The U.S. 3PL market gross revenue grew 3.2% in 2013, year-over-year, and is expected to grow another 5.2% in 2014.  Net revenues will rise 4.3% to 67.4 billion and Domestic Transportation Management is expected to increase 7.5% this year.  (Source:  Armstrong & Associates)
  • Global spending on temperature-controlled pharmaceutical shipping will approach $8.4 billion in 2014, a 12% increase year-over-year.  Approximately $5.6 billion will go to transportation services and storage, with the remainder spent on packaging, containers, sensors and other devices.  Spending on commercial cold chain pharmaceutical shipments is projected to reach $10.3 billion by 2018, a 37% increase over 2013.  (Source:  Pharmaceutical Commerce)
  • Net absorption in the U.S. during Q1 2014 totaled more than +46.4 million square feet.  Atlanta's overall absorption during the 1Q was the highest in the nation, totaling +5.8 million square feet. (Source:  Colliers International)
  • According to the new Custora Mobile E-Commerce Report, in the past four years the percentage of traffic to e-commerce sites from mobile devices (phones and tablets) jumped from 3% to nearly 37% from $2.2 billion in 2010 to $42.8 billion in 2013.  This represents 1875% growth over these four years, and 111% 4-year CAGR.  2014 has already delivered $12.2B in mobile e-commerce sales in Q1, and it is likely hit a record $50B in sales in 2014.  (Source:  Custora.com)