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Logistics: The Invisible Wheel That Keeps the Economy Rolling

December 3, 2020
François Dupuis, Vice-President and Chief Economist
Mathieu D’Anjou, Deputy Chief Economist • Joëlle Noreau, Senior Economist

The first thing that often comes to mind when we think about logistics is transporting property. But it also means moving people. When we talk about logistics, we’re really talking about optimization, that is, going beyond simply moving from A to B at the best price possible. It’s a booming market due to a number of developments. The COVID-19 pandemic has been the driving force behind certain trends, including e-commerce, which forced many businesses to adapt and increasingly turn to logistics. Furthermore, it increased the need for information along the entire supply chain. In the short and medium terms, demand for logistics will probably grow despite the trend toward protectionism. In the long term, a close eye will have to be kept on changing technologies and the future direction of local and international trade relations. This analysis will focus primarily on goods.