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E-Commerce Logistics Market
The increasing cross-border e-commerce activities, proliferation of the e-commerce sector, & growth of e-commerce startups are expected to drive the E- market
PORTLAND, PORTLAND, OR, UNITED STATES, February 24, 2022 /EINPresswire.com / -- Booming e-commerce industry, execution in 3PL, and enhanced relationships between customers & suppliers provide heightened growth avenue for the e-commerce logistics industry. Retailers have revamped their traditional warehouses to cater to the requirements of e-commerce and logistics to improve the store-level inventory accuracy and increase their ability to serve larger consignments. Further, supply chain solutions are being customized to serve the user requirements with the transformed fundamentals of product distribution and advancements in technology. Additionally, business analytics has assisted logistics professionals to increase the speed and efficiency of work processes.
The global e-commerce logistics market is expected to garner $535,895 million by 2022, registering a CAGR of 21.2% during the period 2016-2022.
The extended execution of the supply chain footprint is highly opportunistic for market growth. However, factors such as high deployment of warehouse management solutions and regulatory issues restrict the market growth to a considerable extent.
Major industry players - DHL International GmbH, Aramex International, FedEx Corporation, S.F. Express, Gati Limited, Amazon, Kenco Group, Inc., Ceva Holdings LLC, United Parcel Service, Inc., and Clipper Logistics Plc.
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In 2015, the transportation sub-segment dominated the market; however, the warehousing service type is anticipated to witness the fastest growth over the forecast period. The integration of e-commerce logistics with transportation management software (TMS) has boosted the e-commerce logistics market growth. TMS aids in planning deliveries across the supply chain. Furthermore, optimizing the flow of goods and leveraging consolidated capacity have increased the growth potential of the market. Further, the domestic operational area leads the global e-commerce logistics market and the international operational area portrays the fastest growth rate in the global market.
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