Efficient logistics, supply-chain management and transportation are key to the success of the e-commerce logistic market. With the increase and improvement of service sales, e-commerce logistics model will be changed, such as return, depot, and sparing parts turnover of links, all in a great test of the current e-commerce company’s logistics system. Changes in logistic management happen with development of clients’ needs and technological possibilities of cooperating partners. E-commerce logistics systems benefits to shippers, customers, and 3PL service providers which improved communication, improved customer satisfaction, reduce cost, improvement in efficiency and provide on-time delivery. In E-commerce logistics, the IT technology plays an essential role in improving the efficiency and effectiveness of supply chain management. Future technologies like internet of things (IoT), big data analytics, and cloud computing would enhance the E-commerce logistics.
Growing in B2C business is Anticipated to Drive the Growth of Global E-commerce Logistics Market
Increasing internet and smart phone penetration, growing acceptability of online payment, changing lifestyle of the consumer seeking convenience, comfort and variety of products, rising standards of living, increase in annual household income, increasing in B2C business are the factors boosting the demand for e-commerce logistics globally. However, rise in pollution level and high inventory cost & low warehousing space are restraining the market growth.
Three key trends in logistics e-commerce are digitalization and automation for logistics e-commerce providers, flying drone’s logistics e-commerce solutions and personalization and collaboration with customers
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The global e-commerce logistics market is segmented into, service type and region. On the basis of region, market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America currently dominates the market of e-commerce logistics owing to increase internet penetration and increasing FDI inflows, domestic investment, support from key industrial players is helping in the growth of ecommerce logistic in this region. Asia Pacific E-commerce logistics market is the emerging market due Government initiatives like Digital India are constantly introducing people to online modes of commerce and favourable FDI policy is attracting key players
Prominent player of global wax market are, DHL International GmbH, Gati Limited, Kenco Group, Inc., Amazon.com, Inc., FedEx, United Parcel Service, Inc., Agility Public Warehousing Company K.S.C.P., Ceva Holdings Inc., S.F. Express, and Clipper Logistics plc.