The global logistics market is a highly competitive one, as reported by Transparency Market Research (TMR). The vendors in the global logistics market are expected adopt several organic as well as inorganic growth strategies in order to gain momentum in the industry. Among these, leveraging the latest technological innovations is a popular scheme amongst logistics market players. The implementation and use of novel technology has significantly affected the logistics industry vendors. Some of the market's latest techniques are Warehouse Management Systems, Global Positioning System (GPS), Transportation Management System (TMS) and Order Entering Systems, among other. During the entire shipping cycle, technological progress made it possible to monitor the item. This is because of the emergence of tracking systems such as RFID, GPS and bar code technologies. Logistics providers are using the latest technology, such as CPFR and VMI (Vendor Managed Inventory), to satisf...