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Future market research insights:
It is projected that the physical internet market would increase
significantly throughout the forecast period. The Transmission Control and
Internet Protocols (TCP/IP) are only one example of how the Physical Internet
is not merely a carbon copy of the concepts of the Digital Internet.
In terms of effectiveness and sustainability, the
PI Market is without a doubt the most ambitious concept in transportation
logistics. It symbolises a profound shift in logistics and freight
transportation that will greatly improve the efficiency with which assets and
resources are used. The PI is based on a thorough and methodical consolidation
of the concepts of flow and network of networks. The total merging of
logistical flows from many shippers is what The Physical Internet proposes
(through enhanced pooling and shared networks, for example). The Physical
Internet also recommends pooling resources and assets in open, connected, and
shared networks (i.e., connecting existing (commercial) networks, capabilities,
and resources) in order to create customer value so that network users and
partners may make use of them with ease. It is anticipated that resource
utilisation will be more effective if demand and resources are combined to
satisfy that requirement.
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Key Players:
The leading companies in the worldwide market for
physical internet are recognised according to their place of origin, presence
in various areas, recent important innovations, product diversity, and industry
concentration,
- com
Inc. (United States)
- UPS
(United States)
- AmeriCold
Logistics LLC (United States)
- Mercedes-Benz
Group AG (Germany)
- SF
Express Co. Ltd. (China)
- Yamato
Logistics Ltd. (Hong Kong)
- DHL
(Germany)
- FedEx
Corporation (United States)
- Velove
Bikes AB (Sweden)
- MIXMOVE
(Norway)
amongst other companies, are the primary
competitors in the global Physical Internet market
Regional analysis:
Globally, Europe is anticipated to provide the
greatest market share. Europe has been aware of and engaged in the growth of
the physical internet since 2010. (PI). The Physical Internet was included into
the freight systems of the Alliance for Logistics Innovation Through
Collaboration (ALICE), which is funded by the European Union. The goal for a
Physical Internet, which would replace current logistical techniques, is set
for 2030 at the European level. It is anticipated that by 2040, 10 years from
now, it will be fully functioning.
The rapid digital transformation, rising internet
penetration, increased use of 5G & 4G LTE services, and other factors are
expected to make Asia-Pacific the Physical Internet market with the quickest
growth throughout the projection period. Asia also offers tremendous
opportunity for growth and innovation in the physical internet (PI) business.
Market segmentation:
The physical internet market has been divided into
several regions, types, components, sizes of organisations, and verticals.
The physical internet market has been divided into
logistic networks and logistic nodes based on type.
The Physical Internet market has been divided into
solution and services based on component. Additional divisions of the services
section include planning and consulting, integration and deployment, and
support and maintenance. The solutions market is further divided into the
following subsegments: asset management, network management and security,
warehouse management, transportation management, labour management, cold chain
management, and others.
The Physical Internet market is divided into major
companies and small and medium-sized enterprises (SMEs) based on the size of
the organisation.
The Physical Internet market has been divided into
the following vertical markets: retail and e-commerce, logistics and
transportation, healthcare and pharmaceuticals, manufacturing, FMCG,
automotive, aerospace and military, and others.
Five geographical areas—North America, Europe,
Asia-Pacific, the Middle East & Africa, and South America—have each had
their share of the worldwide Physical Internet market examined.
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Physical Internet (PI) Industry Developments:
January 2023: The European Technology Platform
ALICE (Alliance for Logistics Innovation and Competitiveness) and the Physical
Internet Research Association (PI²RA) publish a report on the state of the PI
industry. The report finds that the PI is still in its early stages of
development, but that there is growing interest in the technology from
businesses and governments.
February 2023: Amazon announces that it is
investing in a new research center in the Netherlands that will focus on the
development of PI technologies. The center will be located at the University of
Twente and will be led by Professor Willem-Jan van den Heuvel.
March 2023: The World Economic Forum publishes
a report on the future of logistics. The report identifies the PI as one of the
key technologies that will shape the future of logistics.
April 2023: The European Commission launches
a new project called "PI4LOG". The project aims to develop a roadmap
for the implementation of PI technologies in the European Union.
May 2023: The 9th International Physical
Internet Conference (IPIC) is held in Athens, Greece. The conference brings
together researchers, businesses, and governments to discuss the latest developments
in the PI industry.
June 2023: The PI²RA publishes a new white
paper on the economics of the PI. The white paper finds that the PI has the
potential to save businesses billions of dollars each year.
These are just a few of the many developments that
have taken place in the PI industry in 2023. The PI is a rapidly growing field,
and it is likely that we will see even more exciting developments in the years
to come.
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