Global e-commerce logistics market seen at $950 bn by 2027: Report
The global e-commerce logistics market, which was valued at approximately $350 billion in 2022, is estimated to grow further into a $950 billion opportunity by 2027, owing to a rise in digital payments, good transport infrastructure and the initiatives taken by governments worldwide, according to the “Global E-commerce Logistics Market Outlook to 2027” report. Growth is seen owing to the increasing count of logistics start-ups, burgeoning demand for last-mile delivery service, trucking services through online marketplaces, rising demand for door-to-door parcel pick-up & delivery services and the augmenting use of EVs for transportation.
Besides, enhanced digitisation and the use of artificial intelligence and machine learning are making it easier and helping in assessing the different possibilities of the e-commerce logistics market, and other areas such as drop shipping, quick commerce, sustainable packaging material, etc., as per a report.
Source: Exim News Service: Singapore, May 25