The global Food Logistics Market reached a value of US$ 101.1 Billion in 2020. Looking forward, the global food logistics market will exhibit moderate growth during the next five years. The growth of the global food logistics market is majorly driven by a rapid rise in the prevalence of e-retail in the food and retail sector. As logistics forms a significant part of the storing, transporting and delivery of the goods purchased online, this has provided a positive thrust to the market growth. Apart from this, the advent of artificial intelligence (AI) has enabled logistics companies to increase delivery efficiency.
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The global Food Logistics Market reached a value of US$ 101.1 Billion in 2020. Looking forward, the global food logistics market will exhibit moderate growth during the next five years. The growth of the global food logistics market is majorly driven by a rapid rise in the prevalence of e-retail in the food and retail sector. As logistics forms a significant part of the storing, transporting and delivery of the goods purchased online, this has provided a positive thrust to the market growth. Apart from this, the advent of artificial intelligence (AI) has enabled logistics companies to increase delivery efficiency.
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