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E-Commerce Logistics Market to Grow by USD 802.3 Billion (2024-2028), Driven by Rising Cross-Border E-Commerce, AI-Powered Report Highlights Market Transformation – Technavio

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NEW YORK, Nov. 12, 2024 /PRNewswire/ — Report with market evolution powered by AI – The global e-commerce logistics market size is estimated to grow by USD 802.3 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  28.2%  during the forecast period. Increase in cross-border e-commerce activities is driving market growth, with a trend towards emergence of supermarket mini distribution centers. However, high logistics cost  poses a challenge.Key market players include Agility Public Warehousing Co. K.S.C.P, Aramex International LLC, C H Robinson Worldwide Inc., CMA CGM SA Group, DB Schenker, Deutsche Post AG, dotdigital Group Plc, DSV AS, eStore Logistics, FedEx Corp., Gati Ltd, GXO Logistics Inc., Kenco Group Inc., Kuehne Nagel Management AG, Nippon Express Holdings Inc., Rhenus SE and Co. KG, SF Express Co. Ltd., Sinotrans Ltd, United Parcel Service Inc., and XPO Inc..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

E-Commerce Logistics Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 28.2%

Market growth 2024-2028

USD 802.3 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

21.6

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 61%

Key countries

China, Japan, US, Germany, and India

Key companies profiled

Agility Public Warehousing Co. K.S.C.P, Aramex International LLC, C H Robinson Worldwide Inc., CMA CGM SA Group, DB Schenker, Deutsche Post AG, dotdigital Group Plc, DSV AS, eStore Logistics, FedEx Corp., Gati Ltd, GXO Logistics Inc., Kenco Group Inc., Kuehne Nagel Management AG, Nippon Express Holdings Inc., Rhenus SE and Co. KG, SF Express Co. Ltd., Sinotrans Ltd, United Parcel Service Inc., and XPO Inc.

Market Driver

E-commerce logistics is a booming market, driven by the rise of C2C and B2C sales. Suppliers are integrating with supply chain solutions to ensure timely delivery of goods. Technology plays a key role, with business analytics, logistics professionals, and transportation management software streamlining operations. Digital technology, including barcode systems and portable data terminals, enhances efficiency. Cross-border e-commerce activities are surging, fueled by internet penetration and increasing online purchases of everyday essentials, electronics, personal care items, furniture, fashion, and more. SMEs are leveraging e-commerce logistics services to expand their operational areas. Last-mile delivery, drone delivery services, and digital payment methods are transforming the transportation and retailing industries. Logistics companies are investing in hardware technologies like Geographic Information Systems and Global Positioning Systems to optimize routes and reduce fuel prices. Venture capitalists are funding innovation, from mega centers and returns processing centers to third-party logistics providers using a multi-client fulfillment model. The transportation service industry continues to evolve, with rail, road, and air transport adapting to the needs of e-commerce companies. Commodity transport, from wheat to smartphones, is being revolutionized by digitalization and the Internet of Things. 

E-commerce logistics is a critical aspect for retailers and online businesses, as providing efficient and accurate order fulfillment is essential for customer satisfaction and retention. Warehouse picking errors can lead to increased costs due to returns, repackaging, and re-shipping, as well as lost sales and poor customer reviews. The demand for faster delivery times has driven shippers to move storage and manufacturing closer to consumers, transforming brick-and-mortar stores into mini distribution centers. This strategy allows for quicker order processing and reduces the risk of picking errors, ultimately benefiting both the retailer and the customer. 

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 Market Challenges

E-commerce logistics faces several challenges in today’s business landscape. Supplier management is crucial for timely delivery of cargo, requiring effective supply chain solutions. Technology plays a significant role, with business analytics and logistics professionals utilizing digital technology for inventory management, transportation, and warehousing. C2C and B2C e-commerce activities increase the operational area, necessitating freight or rail, maritime, and air transport. Cross-border e-commerce activities are boosted by internet penetration, impacting transportation management software, packaging solutions, and returns processing. SMEs face inventory challenges with shelf life, requiring cloud deployment and workforce management strategies. The transportation service industry is evolving with drone delivery services, digital payment methods, and hardware technologies like IoT, barcode systems, and portable data terminals. Logistics companies seek funding from venture capitalists to navigate challenges like fuel prices and competition from third-party logistics providers. Last-mile delivery, retail order fulfillment, and commodity transport remain key areas of focus for e-commerce companies, with DHL leading the way in online shopping.E-commerce logistics involves direct costs such as transportation, warehousing, and value-added services, and indirect costs including inventory-carrying costs, theft, damages, and losses in transit. Factors like labor shortages and rising fuel prices increase shipping costs. Volatility in crude oil prices significantly impacts transportation expenses, challenging profitability. Meanwhile, customers demand lower rates, creating pricing pressure. Balancing these pressures requires strategic cost management and efficient operations in e-commerce logistics.

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Segment Overview 

This e-commerce logistics market report extensively covers market segmentation by  

Usage 1.1 Domestic1.2 InternationalService 2.1 Transportation2.2 Warehousing2.3 OthersGeography 3.1 APAC3.2 North America3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 Domestic-  The domestic segment of the e-commerce logistics market holds the largest market share and is projected to experience substantial growth in terms of revenue compared to the international segment. This growth is attributed to the economic expansion and advancements in e-commerce logistics and inventory management, compelling businesses to invest heavily in this sector to maintain growth and enhance productivity. Additionally, the shift towards digital transformation, cloud deployment, and modernization in workforce management among Small and Medium-sized Enterprises (SMEs) globally, contribute significantly to market expansion. Major players in the e-commerce logistics market are prioritizing operational improvements and overall efficiency to stay competitive, thereby fueling the growth of the domestic segment in the global e-commerce logistics market.

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Research Analysis

The E-Commerce Logistics Market is a critical segment of the supply chain solutions industry, catering to the unique demands of C2C and B2C e-commerce businesses. Leveraging digital technology, this market offers various services such as warehousing, transportation, packaging solutions, and returns processing, ensuring seamless delivery of goods to online buyers. The market is driven by internet penetration and the increasing number of internet users, leading to a boom in e-commerce activities. Everyday essentials, groceries, and cross-border trade are some of the major categories driving the growth of this market. E-commerce logistics services have become essential for online businesses to meet customer expectations for fast and reliable delivery. Rail transportation plays a significant role in the logistics network, offering cost-effective and efficient solutions for moving large volumes of goods. Business analytics and technology are key enablers, providing valuable insights into inventory management, demand forecasting, and supply chain optimization. Logistics professionals are the backbone of the industry, ensuring the smooth flow of goods from suppliers to end customers.

Market Research Overview

The E-Commerce Logistics Market is a dynamic and rapidly growing industry that caters to the supply chain needs of C2C and B2C e-commerce businesses. Technology plays a pivotal role in this sector, with digital technology and business analytics driving operational efficiency and effectiveness. Logistics professionals manage the transportation and warehousing of cargo, ensuring timely delivery and optimal inventory management. E-commerce logistics services encompass cross-border activities, with internet penetration and increasing online businesses fueling growth. Transportation management software, packaging solutions, and digital technologies such as barcode systems, portable data terminals, and Geographic Information Systems are essential tools. SMEs and retailers rely on logistics companies for warehousing, transportation via freight or rail, maritime, and air transport. The market is witnessing innovation with the advent of drone delivery services, digital payment methods, and the Internet of Things. Venture capitalists and funding are driving the digitalization of logistics, with a focus on last-mile delivery and the multi-client fulfillment model. The market includes key segments such as everyday essentials, electronics, personal care items, furniture, fashion, smartphones, and commodity transport. Logistics companies are investing in mega centers and returns processing centers to cater to the growing demand for retail order fulfillment. Fuel prices and geopolitical factors can impact the industry, making it a complex and exciting space to watch.

Table of Contents:

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

UsageDomesticInternationalServiceTransportationWarehousingOthersGeographyAPACNorth AmericaEuropeMiddle East And AfricaSouth 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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Gentoo Media – Mandatory notification of trade

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ST JULIANS, Malta, Nov. 14, 2024 /PRNewswire/ — MJ Foundation Fundacja Rodzinna, a company related to Mateusz Juroszek, Board Member and primary insider of Gentoo Media Inc. (Gentoo) has today acquired 115,604 shares in Gentoo at a price of SEK 24,996 per share. After this transaction, close associates of Mateusz Juroszek hold 24,027,766 shares in Gentoo.

This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

For further information, contact:
Tore Formo, Group CFO, tore.formo@g2m.com, +47 91668678

About Gentoo Media

Gentoo Media is a market-leading affiliate connecting operators and players in the online gambling and sports betting industry. Gentoo Media offers an array of iGaming affiliate solutions, such as paid marketing expertise and quality traffic through our prominent industry sites including AskGamblers, Time2Play, CasinoTopsOnline, WSN and Casinomeister. In 2024, Gentoo Media (formerly GiG Media) became Gentoo Media Inc. following a legal split separating the Media and Platform and Sportsbook business in Gaming Innovation Group (GiG) into two independently listed companies. Gentoo Media Inc. is dual listed on the Oslo Stock Exchange (ticker “G2MNO”) and Nasdaq Stockholm (ticker “G2M”). www.gentoomedia.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/gentoo-media-inc/r/gentoo-media—mandatory-notification-of-trade,c4066199

View original content:https://www.prnewswire.co.uk/news-releases/gentoo-media—mandatory-notification-of-trade-302305030.html

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Xinhua Silk Road: World IoT expo 2024 opens in E. China’s Wuxi to showcase future of smart connectivity

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BEIJING, Nov. 14, 2024 /PRNewswire/ — The World Internet of Things (IoT) Exposition 2024 kicked off on Monday in Wuxi City of east China’s Jiangsu Province, attracting industry leaders, representatives of enterprises and experts from across the globe to discuss industry trends and demonstrate innovative applications.

At the expo’s opening ceremony, Wuxi unveiled a national pilot project in intelligent connected vehicles, which aims to create a cohesive mode for car owners, vehicles and cities connection, contributing Wuxi’s expertise to smart vehicle initiatives.

Additionally, a new smart sensing chip engineering center was launched, representing an investment of over 1 billion yuan and focusing on high-density large-scale substrates and other advanced chip technologies to strengthen the city’s integrated circuit development.

The event also saw the release of several major IoT research achievements, including the 2024 IoT innovation development Taihu index and the 2024 white paper on advanced sensing technology and applications.

The three-day event features exhibitions, panel discussions, and thematic sessions that showcase the latest development in IoT innovations and applications. This year’s expo is poised to drive Wuxi’s high-quality growth in IoT while promoting global tech collaboration and knowledge sharing in the IoT field.

Wuxi has become a navigator of the IoT industry in China. The latest statistics show that in 2023, the scale of the IoT industrial cluster in Wuxi surpassed 450 billion yuan, taking the lead in Jiangsu Province.

Original link: https://en.imsilkroad.com/p/343117.html

SOURCE Xinhua Silk Road

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Agoda Highlights Five Urban Hikes for Adventurous Travelers

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SINGAPORE, Nov. 14, 2024 /PRNewswire/ — Digital travel platform Agoda introduces five urban hikes across Asia, offering travelers a chance to experience the perfect blend of city life and nature. These hikes, ranging from family-friendly to more challenging trails, provide an unmatched perspective on some of Asia’s most dynamic cities.

Whether it’s Elephant Hill in Taipei, with its stunning views of the Taipei 101, or Hong Kong’s famous Dragon Back, active travelers are in for a treat when embarking on these city hike adventures.

Andrew Smith, Senior Vice President, Supply at Agoda said: “Asia is special to have so many incredible hike routes right in the heart of these popular cities. The five highlighted hikes are just a sample of the many breathtaking city trails the continent has to offer. Adventurous travelers will want to try them all and thankfully Agoda helps make travel affordable with great value deals on over 4.5 million properties globally.”

These are the five city hikes, ranked from easiest to most challenging:

Kuala Lumpur’s Bukit Nanas Forest Reserve offers a unique experience of trekking through a tropical rainforest right in the city center. The trail is relatively easy, with well-marked paths and informative signboards about the local flora and fauna, making it a great choice for families and nature enthusiasts.

Elephant Hill in Taipei offers a short but rewarding climb. The trail is well-maintained and provides stunning views of Taipei’s skyline, including the famous Taipei 101. It’s an ideal spot for those looking to enjoy a quick escape into nature without straying far from the city.

In Singapore, the Southern Ridges trail offers a moderate hike through a series of interconnected parks and gardens. Spanning 10 kilometers, this trail provides a lush green corridor amidst the urban environment, with highlights including the Henderson Waves bridge and panoramic views of the city.

Namsan in Seoul presents a slightly more challenging hike, leading to the N Seoul Tower. The trail is popular among locals and tourists alike, offering a mix of natural beauty and cultural landmarks, with several routes to choose from depending on the desired difficulty level.

Finally, Hong Kong’s Dragon’s Back is a favorite for its breathtaking views of the coastline and the South China Sea. This moderately challenging hike is known for its undulating ridges and scenic vistas, providing a rewarding experience for those willing to tackle its ups and downs.

In each of these city hike destinations, Agoda offers great value accommodation. In addition to holiday properties, Agoda’s 130,000 flight routes and 300,000 activities ensure the platform is the one-stop travel solution to help booking an entire trip. The latest Agoda deals can be found in the Agoda app or on agoda.com/deals.

— ENDS —

 

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SOURCE Agoda

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