E-Commerce Logistics is the set of communication computing & collaborative technologies that help to transform logistical processes to be customer-centric by sharing data, knowledge, and information with supply chain partners. The crucial aim of e-commerce logistics is to deliver defined products in defined quantities at a defined place and to the defined customer. Four different types of logistic functions evolved with the evolution of e-commerce is parcel hubs, delivery centers, mega e-fulfillment centers, and integrated technology. There are several advantages of e-commerce logistics such as the ease of implementation of an e-commerce logistic service, along with an increase in the reliability & real-time insight into the product’s transport as well as augmentation of customer satisfaction.
According to study, “Global E-Commerce Logistics Market to reach USD 1156353.34 million by 2026” the key companies operating in the global e-commerce logistics market are Aramex, Deutsche Post DHL, Australia Post, United Parcel Services (UPS) INC, Blue Dart, eCom Express, Clipper Logistics, FedEx Corporation, Express Logistics, and S.F. Express. The major vendors in the market compete on various parameters such as providing innovative solutions like fulfillment centers closer to the customer location. Some of the major vendors are also focusing on M&A to increase their competitive advantage and improve their market position.
Based on service type, the e-commerce logistics market is segmented as transportation, warehousing, and others. Transportation includes freight/rail, air/express delivery, maritime, and trucking/over the road. Additionally, warehousing includes hubs/delivery centers, mega centers, and returns processing centers. In addition, based on the operational area, the market is segmented as international and domestic.
The e-commerce logistics market is driven by an increase in the e-commerce industry, followed by growth in relationships between supplier & customers, increase in focus on emerging economies, the massive growth of innovative technologies, steady digital advancement and automation, rise in consumer inclination on brand consciousness and trustworthy on online products and execution in 3PL. However, an increase in regulatory issues and high deployment of warehouse management solutions may impact the market. Moreover, the extended execution of the supply chain the footprint is a key opportunity for the market. Furthermore, growth in technological advancements in e-commerce logistics is a major trend for the market.
Based on geography, the North-American region is anticipated to hold a notable share in the world in terms of revenue as Artificial Intelligence (AI) and related technologies are probable to shape the future of the region. Whereas, the European and Asian-Pacific regions are estimated to witness a higher growth rate due to growth in the e-commerce sector coupled with a rise in cross-border trading activities in countries such as India, China, and Japan over the forecast period. In upcoming years, it is predicted that the future of the global market will be optimistic on account of growth in sales of smart-phones and penetration of the internet because of ease of concern services during the forecast period. The global e-commerce logistics market is valued approximately at the US $248352.89 million in 2018 and is projected to grow with a healthy growth rate of more than 21.20 % over the forecast period 2019 to 2026.
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