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Last Mile Delivery Market in Brazil to Grow by USD 4.01 Billion from 2024-2028, Driven by Premiumization in Delivery Services and AI-Powered Market Evolution – Technavio

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 NEW YORK, Nov. 5, 2024 /PRNewswire/ — Report on how AI is driving market transformation – The last mile delivery market in Brazil size is estimated to grow by USD 4.01 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  15.4%  during the forecast period. Premiumization of goods and merchandise delivery is driving market growth, with a trend towards growing integration of last mile delivery models with courier, express, and parcel companies. However, operational challenges for last mile delivery companies  poses a challenge.Key market players include Accenture PLC, CMA CGM SA Group, Deutsche Bahn AG, DHL Express Ltd, DSV AS, FarEye Technologies Inc., FedEx Corp., FM Logistic, Honeywell International Inc., Infosys Ltd., J B Hunt Transport Services Inc., Kuehne Nagel Management AG, Mara Labs Inc., Nippon Express Holdings Inc., Royal Mail Group Ltd., Schneider Electric SE, SNCF Group, United Parcel Service Inc., Werner Enterprises Inc., and XPO Inc..

AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View your snapshot now

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Service (B2C and B2B), End-user (E-commerce,
Food and groceries delivery, Pharmaceuticals, and
Others), and Geography (South America)

Region Covered

Brazil

Key companies profiled

Accenture PLC, CMA CGM SA Group, Deutsche
Bahn AG, DHL Express Ltd, DSV AS, FarEye
Technologies Inc., FedEx Corp., FM Logistic,
Honeywell International Inc., Infosys Ltd., J B Hunt
Transport Services Inc., Kuehne Nagel
Management AG, Mara Labs Inc., Nippon Express
Holdings Inc., Royal Mail Group Ltd., Schneider
Electric SE, SNCF Group, United Parcel Service
Inc., Werner Enterprises Inc., and XPO Inc.

Key Market Trends Fueling Growth

The last mile delivery market in Brazil is experiencing significant growth due to the integration of various models with courier, express, and parcel companies. The e-commerce sector’s increasing demand for parcel delivery has led logistics vendors to adopt last mile delivery models, offering regular, same-day, and instant delivery services. While price remains a crucial factor for most online shoppers, faster delivery options are essential for time-sensitive products like medicines and groceries. This competition among e-commerce players for superior services is driving alliances with parcel and courier companies, fueling market expansion. 

The last mile delivery market is currently experiencing significant growth, with a focus on improving efficiency and reducing costs. Proactive delivery methods, such as predictive analytics and real-time tracking, are trending. Drones and self-driving vehicles are also being explored for their potential in streamlining the delivery process. Urban consignment centers and micro-fulfillment centers are becoming popular solutions for dense areas. E-commerce companies are investing in technology to optimize their logistics networks and provide faster delivery times. The use of digital technologies, such as mobile apps and online tracking, is increasing to enhance the customer experience. Overall, the last mile delivery market is evolving to meet the growing demands of e-commerce and the need for faster, more efficient delivery solutions. 

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Market Challenges

Last mile delivery operations face significant challenges in achieving profitability, transparency, and efficiency. While long-distance logistics costs are low, individual deliveries to multiple locations drive up last mile costs, primarily due to labor and fuel expenses. Intense competition based on pricing and delivery time compels companies to maintain low costs, yet customers demand real-time tracking, necessitating expensive technologies like RFID sensors and tracking codes. These operational challenges may hinder the growth of the last mile delivery market in Brazil.Last Mile Delivery: Overcoming Challenges in the Final Leg of Supply Chain Last Mile Delivery (LMD) refers to the final leg of the supply chain, from the transportation hub to the end consumer’s doorstep. This critical stage faces numerous challenges that impact timely and cost-effective delivery. Technology plays a significant role in LMD. The use of advanced technologies like real-time tracking, predictive analytics, and automation helps optimize delivery routes and improve efficiency. However, challenges such as traffic congestion, lack of infrastructure, and unpredictable weather conditions can hinder on-time delivery. Another challenge is the increasing demand for same-day and two-day delivery, which puts pressure on logistics providers to optimize their operations and manage their resources effectively. Additionally, the rise of e-commerce and the growing number of online shoppers have led to an increase in parcel volume, further complicating LMD. To address these challenges, logistics providers are exploring various solutions, such as implementing dynamic routing, investing in alternative delivery methods like drones and autonomous vehicles, and collaborating with local delivery partners to expand their reach and improve service levels.

Insights into how AI is reshaping industries and driving growth- Download a Sample Report

Segment Overview 

This last mile delivery market in Brazil report extensively covers market segmentation by

Service 1.1 B2C1.2 B2BEnd-user 2.1 E-commerce2.2 Food and groceries delivery2.3 Pharmaceuticals2.4 OthersGeography 3.1 South America

1.1 B2C-  The B2C last mile delivery market in Brazil has experienced significant growth in the past five years, driven by the increase in e-commerce sales. Operators focus on enhancing residential customer experience with services like next-day and same-day delivery, real-time tracking, and easy returns. Companies utilize big data and consumer analytics to optimize delivery routes and reduce pre-last mile logistics time, resulting in faster deliveries and lower fuel usage. These strategies will continue to boost the growth of the B2C last mile delivery market in Brazil.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 – 2022) 

Research Analysis

In the agricultural industry, last mile delivery plays a crucial role in ensuring the timely and efficient distribution of crop protection products, soil improvement solutions, and water purification systems to farmers. Diagnostic services and plant breeding innovations are also essential for optimizing crop yields and addressing sustainability considerations. The production of nanoparticles is a cutting-edge technology that enhances the efficiency of various agricultural inputs. On-demand services have revolutionized the logistics process, enabling the establishment of local hubs and distribution centers that cater to urban congestion areas. Retail stores and e-commerce platforms have integrated same-day delivery services, utilizing route optimization and delivery time segment strategies to cater to B2C consumers. UPS and other shipping companies have optimized their operations to meet the demands of the agricultural industry, ensuring brand reputation and consumer satisfaction at the front door.

Market Research Overview

The Last Mile Delivery market refers to the final leg of the supply chain, which involves transporting goods from a transportation hub or distribution center to the end consumer’s doorstep. This critical stage of the delivery process requires efficient and reliable logistics solutions to ensure timely and accurate delivery. Factors influencing the Last Mile Delivery market include increasing consumer expectations for faster delivery times, the rise of e-commerce, and the growing popularity of on-demand delivery services. Technological advancements, such as real-time tracking and automation, are also transforming the Last Mile Delivery landscape. Additionally, the use of alternative delivery methods, such as drones and autonomous vehicles, is gaining traction to address the challenges of congested urban areas and reduce delivery costs. Overall, the Last Mile Delivery market is a dynamic and evolving sector that requires continuous innovation and adaptation to meet the changing needs of consumers and businesses.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ServiceB2CB2BEnd-userE-commerceFood And Groceries DeliveryPharmaceuticalsOthersGeographySouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Opus Technologies Named Among India’s Top 100 (Mid-Size) Best Workplaces for Women 2024 by Great Place To Work® India

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PUNE, India, Nov. 6, 2024 /PRNewswire/ — Opus Technologies has been recognized by Great Place To Work® India among – India’s Top 100 Best Workplaces for Women 2024

Opus Technologies has achieved a significant milestone, earning recognition as India’s Top 100 Best Workplaces™ for Women 2024 by Great Place to Work© India. This prestigious accolade underscores our commitment to creating an environment where women can thrive professionally and make substantial contributions.

At Opus, we recognize the immense value women bring to our organization. Our female employees consistently demonstrate leadership, drive innovation, and excel across all levels of the company. This recognition celebrates their achievements and reaffirms our dedication to fostering a workplace that empowers women in tech.

As a global authority on workplace culture, Great Place To Work has been studying employee experience and people practices across organizations for over three decades. Every year, more than 100 million employees from over 150 countries worldwide take the Great Place To Work for assessment, benchmarking, and planning of actions to strengthen their workplace culture.

In this year for India, based on a rigorous evaluation methodology, 200 organizations among India’s Best Workplaces for Women 2024 have been recognized. These organizations, among other practices, particularly excel both in people practices that they have crafted for their employees and proactively acting on the feedback to create a High Trust Culture. The report and the complete list (in alphabetical order) of India’s Best Workplaces for   2024 can be viewed on our website.

“In today’s dynamic business landscape, we’ve long recognized that when people feel truly supported and valued, businesses don’t just survive—they thrive. This rings especially true for women in the workplace. By fostering environments that prioritize flexibility, equity, and inclusion, we empower all employees to bring their full potential to work every day.

However, we find ourselves at a critical juncture. Despite years of progress, women’s representation in the workforce has plateaued at 26%, with a mere 122% in executive or C-level positions. More concerning is the declining workplace sentiment among women, signaling a growing disconnect in their work environments.

Our research unequivocally shows that when women experience a sense of belonging, they are 6 times more likely to consider their workplace great. This stark statistic underscores the immense potential waiting to be unlocked in organizations that prioritize inclusivity and equality.

As we launch India’s Best Workplaces™ for Women 2024 report, we celebrate the companies leading the charge in creating truly inclusive environments. These organizations understand that championing women isn’t just about meeting quotas—it’s about cultivating a culture where everyone can thrive.

To all the winners of India’s Best Workplaces for Women: congratulations on setting the gold standard. Your commitment to fostering environments where women feel valued, heard, and empowered serves as an inspiration and a call to action for us all. Together, let’s continue to build workplaces where every individual, regardless of gender, can reach their full potential.”

–          Balbir Singh, CEO, Great Place To Work®️ India

Praveen TM, CEO of Opus Technologies, stated, “Being recognized as one of the Best Workplaces™ for Women by Great Place to Work© India is a significant milestone for us. This honor highlights our commitment to building a workplace where every woman feels valued and empowered to lead. We firmly believe that our diverse workforce is key to our innovation and growth, and we will continue to champion equality and inclusivity in all aspects of our organization.”

Speaking about the achievement, Babitha P, Chief People Officer at Opus Technologies, said, “This recognition reflects our ongoing commitment to diversity, equity, and inclusion. At Opus, we are dedicated to creating an environment where everyone, particularly women, can thrive and feel empowered. Embracing diverse perspectives is at the heart of our culture and a key driver of our success.”

Backed by 30 years of data, Great Place To Work is the global authority on workplace culture. Through its proprietary For All™ Model and Trust Index™ Survey, it gives organizations the recognition and tools to create a consistently positive employee experience. Its mission is to help every place become a great place to work for all, driving business growth, improving lives, and empowering communities. Through globally recognized and coveted Great Place To Work Certification™ and highly competitive Best Workplaces Lists, Great Place To Work enables employers to attract and retain talent, benchmark company culture, and increase revenue. Its platform enables leaders to truly capture, analyze and understand the experience of every employee and compare outcomes with data collected from more than 100 million employees in 150 countries worldwide.

About Opus Technologies:

With nearly three decades of experience, Opus Technologies is a global provider of outcome-driven payment strategies. Opus combines its deep technology proficiency with unmatched domain expertise in payments and fintech to deliver unparalleled quality and value in its work.

Visit https://opustechglobal.com/ to learn more. Follow Opus Technologies on LinkedIn.

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Vasant Masala enters a new era with Anil Kapoor as brand new, unveiling new logo and identity

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AHMEDABAD, India , Nov. 6, 2024 /PRNewswire/ —  Vasant Masala, a prominent name in the spices industry for over 54 years, is proud to unveil Bollywood icon Anil Kapoor as its new brand ambassador, alongside their new positioning: ‘Pyaar Toh Hona Hi Tha.’ The tagline encapsulates how Vasant Masala enhances the flavours of every dish, creating meals that not only satisfy taste buds but also strengthen the bonds of love within families, making every moment around the table one filled with warmth and togetherness.

An exciting collaboration will feature Anil Kapoor alongside his brother Sanjay Kapoor for the first time on-screen with Vasant Masala’s TVC. Their sibling bond exemplifies the essence of Vasant Masala’s new message: love isn’t just a sentiment, but an experience that unites us, especially in the context of family life and cherished traditions.

As part of this exciting evolution, Vasant Masala is also unveiling a refreshed brand identity, complete with a modernised logo. The revamped identity represents Vasant Masala’s dedication to connecting with the tastes and preferences of its customers.

Elaborating on Anil Kapoor’s association as Vasant Masala’s brand ambassadorship, Chandrakant Bhandari, CMD of Vasant Masala, stated, “For decades, delivering purity to Indian households has been the cornerstone of Vasant Masala. With ‘Pyaar Toh Hona Hi Tha,’ we are not only enriching this foundation but also strengthening the bond that goes beyond taste to touch the heart. Anil Kapoor’s association perfectly blends tradition, modernity, and universal appeal, resonating across generations. This campaign celebrates our legacy while reaching a wider audience, bringing Vasant Masala into more homes and fueling our growth for years to come.”

Anil Kapoor, expressing his excitement about this partnership, shared, “I am thrilled to be part of this new chapter in Vasant Masala’s journey. This brand is known for its uncompromising quality and I have complete faith in its commitment to delivering the best. This story is about more than just promoting a product; it’s a celebration of love, family, and the bonds we hold dear. What’s more, this will be the first time I’ll share the screen with my brother Sanjay, which makes this even more exciting for me. I can’t wait to see how this heartfelt campaign connects with people.”

About Vasant Masala:

As a leading brand in the Indian spices market, Vasant Masala remains dedicated to providing high-quality products while deepening its emotional connection with its consumers. Vasant Masala has been delighting millions of families across Gujarat, Rajasthan, Madhya Pradesh, and beyond for the past 54 years. With its diverse range of products such as blended spices, Hing, basic spices, whole spices, and powdered spices, Vasant Masala has gained recognition on a global scale. Exported to five continents, Vasant Masala is known for its unparalleled quality and widespread popularity. This trusted brand has consistently provided consumers with the finest spices, making it the top choice of housewives for the last five decades due to its unmatched flavor and health benefits.

For Trade, Marketing & Other enquiries:
E-mail: info@vasantmasala.com
Call: +91 94265 06390
Know more about the brand at www.vasantmasala.com.

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Sinopec Hosts Forum Session at 7th China International Import Expo

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US$40.9 billion in purchasing contracts signed with 38 partners, bringing the total of seven sessions of CIIE to US$285 billion

SHANGHAI, Nov. 5, 2024 /PRNewswire/ — China Petroleum & Chemical Corporation (HKG: 0386, “Sinopec”) has hosted a forum titled “Building Global Energy Partnerships” and a signing ceremony at the 7th China International Import Expo (CIIE 2024) in Shanghai. The exhibition, running from November 5 to 10, is focused on the global energy transition and fostering an open, green, and low-carbon ecosystem.

At the signing ceremony, Sinopec signed purchasing contracts with 38 partners from 18 countries, which totaled US$40.9 billion, including 27 products from 10 major categories, including crude oil, chemicals, equipment, materials, consumer goods and more. Since the first CIIE in 2018, Sinopec has signed orders exceeding a total of US$285 billion in seven sessions.

Ma Yongsheng, chairman of Sinopec, remarked in a keynote speech at the forum that the global energy supply as well as demand pattern and governance system are in need of real changes, and the transformational development of energy and chemical industry is already in a new stage.

“In the face of the great momentum of development, Sinopec unswervingly commits to promoting high-quality, intelligent, and green development leveraging advanced technologies,” said Ma. “We also understand deeply that the energy and chemical industries can only achieve sustainable development through cooperation. Sinopec has always adhered to open cooperation and achieve mutual wins with all our partners.”

Sinopec aims to enhance collaboration on oil and gas resources, working with various stakeholders to establish a more stable industry alliance. The company is also committed to expanding its green energy initiatives to further its low-carbon transformation goals. Additionally, Sinopec seeks to foster technology partnerships to unite innovative efforts, aiming to create a harmonious balance between humanity and nature, address climate challenges effectively, and build a cleaner, more sustainable world for future generations.

At CIIE 2024, Sinopec also signed cooperation and procurement agreements with a number of companies at the event. It has signed a framework agreement with TotalEnergies on long-term LNG supply, under which TotalEnergies will supply 2 million tons of LNG per year to Sinopec from 2028, for a total of 15 years. The partnership will enable both parties to further explore opportunities across the whole industry chain and promote global energy transformation.

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