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This Week in Logistics News (May 20 – 26)

Logistics Viewpoints

The WSC said its “Containers Lost at Sea – 2023 Update” report revealed positive developments in container safety within the international liner shipping industry, saying the 2022 losses represent a tiny fraction of the 250 million containers currently shipped each year. But industry voices have noted concerns.

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Why Large Companies Increasingly Opt for 4PL Services

Logistics Bureau

The concept of fourth-party logistics has existed for some time but only truly began evolving with the arrival of Industry 4.0—the According to a study by The Insight Partners , the global 4PL market was valued in terms of revenue at $56,472.1 million USD by 2027, growing at a CAGR of 4.5 percent between 2020 and 2027.

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