Blockchain in Logistics: The Future of Transparent and Efficient Supply Chains

Author : Aarti ghodke | Published On : 03 Jul 2024

Blockchain in Logistics  Market Report Overview

The logistics sector is becoming more complicated, with supply chains comprising an increasing number of sites and third parties for goods processing, fulfilment, and shipment. Because management frequently changes between stages, there is a high risk of miscommunication and error, which is one of the reasons why supply chain inefficiencies cost firms millions of dollars each year. According to the World Economic Forum, widespread blockchain implementation could boost global trade by $1 trillion over the next 10 years by removing trade barriers and shortening cumbersome processes. If organisations take advantage of blockchain's possibilities, logistics is destined to be one of the great winners in this fast-changing market.

 

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Blockchain in Logistics  Market Report Scope and Research Methodology

Many projects are currently in the works to improve supply chain transparency and track provenance using blockchain technology. These projects collect information on how goods are manufactured, where they come from, and how they are handled, which is then recorded in a blockchain-based system. As a result, the data becomes permanent and easily shared, providing supply chain participants with more extensive track-and-trace capabilities than ever before. Companies can utilize this data to give proof of legitimacy for pharmaceutical shipments and proof of authenticity for luxury goods, for example. Consumers benefit from these projects because they can learn more about the things they are buying, such as if a piece was ethically sourced, is an original item, and has been kept in proper conditions.

 

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Blockchain in Logistics  Market Regional Insights

North America is expected to have the largest blockchain market in terms of market size. The region's early adoption of blockchain technologies, as well as the advent of various blockchain technology providers, will contribute to the market's overall share. Businesses in North America have recognised the value of blockchain technology in providing better customer experiences, and they have begun to use it to develop business applications. Due to the growth of e-commerce and the COVID-19 epidemic, consumers are placing more orders online, fueling the Blockchain in Logistics sector. This resulted in a 37% rise in volume, with 20 billion parcels delivered in the US, and a 29% increase in revenue, reaching $171 billion in 2020.

 

 

Blockchain in Logistics  Market Segmentation

The B2B (Business-to-Business) sector now dominates the Blockchain in Logistics market and is expected to continue so through 2027. As the number of B2B parcel drops per recipient and special delivery requirements rise, the Blockchain in Logistics market is likely to expand. The expansion of e-commerce and online food stores is driving the B2C sector; in 2020-2027, B2C Blockchain in Logistics is expected to grow by 26% Y-O-Y. Government regulations, gasoline prices, and transportation are the most significant hurdles to the B2C segment's growth, as well as major challenges for industry leaders.

 

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Blockchain in Logistics  Market Key Players

IBM (India)
AWS (USA)
Microsoft (USA)
SAP (Germany)
Intel (USA)
Oracle (USA)
Bitfury (Netherlands)
Cegeka (Belgium)
Earthport (UK)
Guardtime (Estonia)
Digital Asset Holdings (USA)

 

Key questions answered in the Automotive Relay Market are:

  • What is Blockchain in Logistics ?
  • What are the global trends in the Blockchain in Logistics?
  • What are the factors contributing to the final price of Blockchain in Logistics ?
  • What are the recent industry trends that can be implemented to generate additional revenue streams for Blockchain in Logistics?
  • How is the intervention from regulatory authority is shaping the Blockchain in Logistics?
  • What growth strategies are the players considering to increase their presence in Blockchain in Logistics?
  • Who held the largest market share in Blockchain in Logistics?

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2021)
  • Past Pricing and price curve by region (2018 to 2021)
  • Market Size, Share, Size & Forecast by different segment | 2022−2029
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
  • Market Segmentation – A detailed analysis by segment with their sub-segments and Region
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of business by region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

About Stellar Market Research

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