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Outbound Logistics Market Trends

  • Report ID: GMI10062
  • Published Date: Jun 2024
  • Report Format: PDF

Outbound Logistics Market Trends

Outbound logistics systems are witnessing significant technological advancements in automation and warehouse management technology. Warehouse Management Systems (WMS) and Transportation Management Systems (TMS) are examples of technologies that improve operational efficiency. WMS helps improve warehouse layouts, picking routes, and inventory management, resulting in faster order fulfillment and fewer mistakes. TMS streamlines delivery routes, saves fuel usage, and offers real-time tracking for improved visibility.
 

The Internet of Things (IoT) enables real-time tracking of commodities across the supply chain. Sensors on trucks, warehouses, and even individual parcels offer constant information about location, temperature, and other vital aspects. This enables logistics organizations to detect delays, optimize routes, and proactively handle possible concerns. Parallel to this, robotics and automation are revolutionizing warehouses and distribution facilities.
 

For instance, in March 2024, Mujin, a leader in robotics and automation technology, unveiled several innovations for inbound and outbound logistics automation at the MODEX 2024 trade show. Mujin showcased its robotic palletizing solutions engineered for superior efficiency in sorting, stacking, and organizing goods for storage or further processing. Mujin demonstrated its mixed case depalletizing solutions, which are an ideal fit for operations receiving mixed loads on pallets. Mujin also introduced a new robotic case-picking solution that tackles the case pick workflow within the order fulfillment process.
 

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of outbound logistics reached USD 2.7 trillion in 2023 and is set to witness 7.2% CAGR from 2024 to 2032, owing to the rise of online shopping and e-commerce boom worldwide.

Outbound logistics industry from the large enterprises segment held 66% share in 2023, due to dealing with much greater numbers of outbound shipments than smaller enterprises.

Asia Pacific market recorded around 34% share in 2023, attributed to surge in e-commerce, driven by rising internet access, smartphone use, and a burgeoning middle class in the region.

DHL Supply Chain, FedEx Corporation, UPS (United Parcel Service), XPO Logistics, C.H. Robinson, DB Schenker, Kuehne + Nagel, DSV Panalpina, Nippon Express, Ryder System, and Maersk (A.P. Moller-Maersk), are some of the major outbound logistics companies worldwide.

Outbound Logistics Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 300
  • Countries covered: 25
  • Pages: 250
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