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.
Key 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.
The e-commerce logistics market size to reach $535,895 million by 2022, growing at a CAGR of 21.2% from 2016 to 2022. The transportation service type generated the largest market share in 2015 while warehousing sub-segment is expected to register fastest growth during the forecast period 2016-2022. Asia-Pacific is expected to be the largest market over the forecast period.
The extended execution of 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.
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