Costs keeping pace as eComm grows, says Report
The global eCommerce logistics market is expected to be worth over €500bn by 2024, but the demands of retailers and consumers are increasing logistics costs as fast as the market is growing – leaving little benefit for LSPs (logistics service providers).
The Transport Intelligence report Global e-commerce Logistics 2020 says the global eCommerce logistics market grew by 19% in 2019. The Report says global logistics costs run to 15% of eCommerce sales.
Key takeaways from the report include:
- Pure-play retailers are likely to engage in online-to-offline as they seek to combine speed, convenience and physicality for its customers
- Rapid eCommerce growth has given rise to many tech-enabled start-ups
- Despite even the largest LSPs being stretched to breaking point, logistics costs percentage remain effectively unchanged
