Sunday, July 21, 2024

Email id: support@kenresearch.com, Contact Us : +91-9871552944

Home Automotive, Transportation and Warehousing Will The Global Logistics And Warehousing Players Able To Cater The Spike...

Will The Global Logistics And Warehousing Players Able To Cater The Spike In Online Demand Of Products? – The Market Is Forecasted To Grow $72.96 Bn By 2027: Ken Research

1. Electronic Commerce Growth Creates Tremendous Opportunities globally for logistics and warehousing

Global Logistics MarketTo Know More about this report, download a Free Sample Report

  • China, Hong Kong (China), and the United Kingdom had the greatest GDP-related B2C e-commerce, while India, Brazil, and Russia had the lowest.
  • Globalization has increased the amount and diversity of cross-border transactions in services and products by facilitating the rapid and broad transfer of technology.  This has driven the trends in the global cross-border B2C e-commerce market.
  • Current e-commerce technologies make it simpler for businesses to reach scattered audiences by lowering administrative and marketing expenses.
  • The COVID-19 pandemic resulted in an increase of 9.5% annually, or more than 4 billion people, in the number of Windividuals shopping online in 2020. The rising trend was anticipated to continue in 2021. Following fashion in popularity are toys, hobbies, technology, and media in the e-commerce sector.

 2. Rising Interest in Omni-channel drives the Global Market

Global Logistics MarketVisit This link:- Request for Custom Report

  • As large online retailers build physical stores, the omni-channel supply chain has expanded dramatically.
  • Intelligent retail solutions are now implicitly demanded by the informed customer. Via diverse retail venues, distinct consumer groups purchase and select goods that suit their requirements and way of life.
  • As a result, businesses have realized that expanding consumer options and streamlining the purchase process boosts revenue. As they work to boost B2C and B2B e-commerce, medium and big businesses will use the term “omni-channel retail” as their catchphrase.

3. An Increasing Number of SKUs:

Global Logistics MarketThe ever growing number of iPhone SKUs

  • Trends towards stocking more SKUs are being driven by rising consumer expectations. Warehouse managers fear their clients would switch to a supplier who will carry a slow-moving item if they don’t stock it.
  • A change away from maintaining a lean inventory to keeping additional supplies on hand, just in case, is also being brought about by the supply chain disruptions brought on by the epidemic.
  • More flexible and customizable fulfilment solutions are required as a result of changing customer behaviour and an increase in available SKUs.

Analysts at Ken Research in their latest publication Global Logistics and Warehousing Market Outlook to 2028- Driven by the Rising Demand from Manufacturing, F&B, Retail, and other industries along with increasing Government Initiatives to Strengthen the Logistics Infrastructure” observed that Global Logistics Market is in a growing phase. Increasing demand for food, beverages, and manufacturing products in Global and Government support to improve transport facilities are some of the factors that will contribute to the Global Logistics market growth over the period of 2023-2028. It is expected that Global Logistics Market will grow at a positive CAGR for the above-forecasted period.

For more insights on the market intelligence, refer to the link below:-

Global Logistics Market

Follow Us

Facebook | Twitter | LinkedIn | Instagram

RELATED ARTICLES

What Makes Activa 6G Red Colour Stand Out Style and Features Reviewed

The Honda Activa Scooty has been a popular choice in the Indian market for decades, and the new Activa 6G Red Colour has taken...

Car Rental Market Share: Understanding the Competitive Landscape

In the fast-paced world of transportation, the car rental market stands as a dynamic and indispensable sector, offering mobility solutions to individuals and businesses...

Used Vehicles Market: Major Players and Trends

In the ever-evolving landscape of transportation, the used vehicles market emerges as a dynamic and bustling sector, teeming with opportunities and challenges alike. From...

Most Popular

Navigating the Dynamic Landscape of the Smartphone Industry

The Smartphone industry stands at the forefront of technological innovation, shaping the way individuals communicate, work, and interact with the digital world. From cutting-edge...

US Food Allergen Testing Industry: Trends, Challenges, and Opportunities

The US Food Allergen Testing industry is a critical sector safeguarding public health by ensuring food safety and catering to the growing population with...

The Dynamics of the Coal Mining Market: Growth Drivers and Challenges

Introduction Coal mining serves as a cornerstone in fueling industries, generating electricity, and fostering economic growth worldwide. This article delves into various facets of the...

A Market Research Report on the Cosmeceuticals Industry in India

The Indian beauty landscape is witnessing a fascinating shift. Consumers are no longer just seeking products that enhance appearance; they are actively seeking solutions...