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Retail Logistics Market Trends

  • Report ID: GMI10080
  • Published Date: Jul 2024
  • Report Format: PDF

Retail Logistics Market Trends

The widespread adoption of e-commerce and the trend toward omnichannel retailing are two of the key growth drivers of the retail logistics industry. The inclination of customers toward online shopping has led to a surge in e-commerce, which requires sophisticated logistics systems to handle the growing number of online orders. This includes dependable last-mile delivery services, quick order processing, and effective warehousing.
 

The rise of omnichannel retailing, which combines physical & virtual sales channels, increases the complexity of logistics. Retailers must ensure seamless inventory management, real-time tracking, and flexible shipping options across all channels, requiring significant investments in infrastructure and technology to enhance productivity and customer satisfaction.
 

Additionally, the retail logistics market is witnessing a shift in attention toward sustainability due to growing consumer consciousness and regulatory demands. Consequently, retailers and logistics providers are adopting eco-friendly techniques. These activities include using electric vehicles, optimizing delivery routes to reduce carbon emissions, and implementing green warehousing solutions such as energy-efficient systems and solar-powered facilities.
 

Recyclable and biodegradable materials are becoming more popular in sustainable packaging. These strategies provide businesses a competitive edge by appealing to eco-aware customers and reducing their negative effects on the environment. Future trends in retail logistics will be shaped by the need for significant expenditure and innovations to achieve sustainability.
 

Retail logistics is undergoing a transformation due to technological improvements, especially in automation. Picking, packing, and sorting orders at a warehouse by utilizing robotics greatly improves accuracy & efficiency. Drones and autonomous delivery trucks are being investigated as potential faster and more affordable solutions to last-mile delivery problems.
 

Furthermore, predictive analytics for demand forecasting and inventory management are made possible by advances in AI and machine learning, which minimize wastage and optimize stock levels. Devices connected to the Internet of Things (IoT) offer real-time cargo tracking and monitoring, thereby enhancing supply chain visibility and control. The increasing complexity and scope of retail logistics operations necessitates the use of these technical breakthroughs.
 

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of retail logistics reached USD 263.1 billion in 2023 and is set to witness over 10% CAGR between 2024 and 2032, due to the proliferation of direct-to-consumer (DTC) firms.

Conventional retail logistics segment will record a revenue of over USD 500 billion by 2032, owing to the need to upkeep the physical retail establishment supply chains.

North America market accounted for over 35% share in 2023, owing to the well-established and broad transportation network.

DHL International GmbH, FedEx, United Parcel Service, XPO Logistics, Inc, and DSV among others.

Retail Logistics Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 25
  • Tables & Figures: 218
  • Countries covered: 21
  • Pages: 210
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