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Chicago’s Logistics Tech Sector Positioned for Continued Growth
Chicago’s logistics tech industry—a component of the larger transportation, distribution and logistics (TD&L) sector—is showing formidable growth, World Business Chicago reported. A new report from the economic development agency says there has been an 802% increase in logistics tech growth capital since 2019 in the Chicago area, stemming from an upsurge in e-commerce, the global supply chain crisis, and increased demand for emerging and accelerated tech like blockchain.
The logistics tech sector has spawned more than 100 companies employing more than 34,000 people, the report says.
“Chicago is the center of the American logistics universe,” said Will Kerr, president, Edge Logistics. “The Chicago logistics and logistics technology community has led the charge in new ideas for decades.
“The rest of the nation is noticing what is being built here in Chicago every day and the investments are pouring in,” he continued.
Pictured: Corwith Intermodal facility on Chicago’s Southwest Side. Photo credit: formulanone from Huntsville, United States/Wikipedia.
- ◦Economy