How Big is the E-Commerce Logistics Market ? :
IMARC Group’s latest research report, titled “E-Commerce Logistics Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the E-commerce logistics market trends. The report also includes competitor and regional analysis, and contemporary advancements in the market. the global E-commerce logistics market size reached US$ 375.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 923.4 Billion by 2028, exhibiting a growth rate (CAGR) of 15.1% during 2023-2028.
What are E-Commerce Logistics and Uses ? :
E-commerce logistics involve the processes and activities involved in managing and moving goods, information, and resources throughout the entire supply chain of an e-commerce business. It comprises the entire product flow, starting from manufacturing or sourcing through warehousing, order fulfillment, transportation, and delivery to the end customer. The choosing, packaging, and delivery of goods to clients is order fulfilment, one of the crucial components of e-commerce logistics.
This process requires efficient inventory management to ensure the availability of products and timely delivery. E-commerce logistics also involves managing product returns, known as reverse logistics, which entails handling returned items, assessing their condition, and either restocking them or processing refunds. Coordination with customs officials, partnerships with international carriers, and the use of technological solutions that facilitate global trade are all necessary for ensuring flawless international logistics.
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Who are the key Players Operating in the Industry ? :
What are the Growth Prospects and Trends in the E-Commerce Logistics Industry ? :
The widespread adoption of blockchain technology majorly drives the global market. This can be supported by the growing need to access reliable tracking information and facilitates more efficient and cost-effective operations across the e-commerce sector. Along with this, the rising popularity of printed electronics technology to reduce e-commerce shipping costs is significantly supporting the market. Additionally, the implementation of automated identification and data capture (AIDC) technologies, which enhance inventory accuracy, reduce data entry expenses, and minimize shipping errors, is positively influencing the market.
In addition, the proliferation of e-commerce websites and the availability of low-cost cargo is also driving the demand. Apart from this, the integration of transportation management software (TMS) within e-commerce logistics to enable efficient planning of deliveries in the supply chain is contributing to the market. Some of the other factors driving the market include technological advancements and the rising prevalence of internet usage.
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What is Included in Market Segmentation ? :
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Key Highlights of the Report:
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