Healthcare logistics market companies are focusing on regional expansion by establishing distribution hubs in emerging markets to improve supply chain efficiency. For instance, in November 2024, FedEx expanded its state-of-the-art Korea Life Science Center in Gimpo, Gyeonggi-do, spanning 2,288 square meters, designed to meet increasing demand for specialized healthcare transportation solutions. Overall, the company achieved a target of USD 1.8 billion in structural cost-out in FY24, showcasing its worldwide growth and expansion. These expansion strategies are boosting companies’ growth and maintaining competition in the market significantly.
Author Credits: Radhika Pawar
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