Logistics Industry

Logistics as an industry includes the sourcing of goods, manufacturing, inventory, handling/sortation, transportation, storage/warehousing, etc. Further, logistics expense lines can include IT, in terms of the exchange of information and data, as well as the cost of security.

Estimates of the size of the global logistics industry range from $8 trillion to $12 trillion annually. The rule of thumb many forecasters use is a percentage of GDP.