Top News in E-Commerce Logistics
We know that the e-commerce industry moves fast. This sector continues to grow and change rapidly, which is why all of us at Eleets 3PL are always keeping an eye on some of the latest stories out of the industry. Let's take a look at some recent news from e-commerce logistics companies and what it could mean.
E-Commerce Logistics Market Expected to Grow Rapidly Through 2023
This isn't a big surprise if you've been paying attention to the logistics space for a while. A recent report indicates that e-commerce growth will continue for the next few years as digital technology continues to grow and expand its footprint in most regions. The sector could actually grow at a CAGR, or a compound annual growth rate of more than fifteen percent through 2023!
Logistics Firms Want “Basic” Infrastructure Improvements
The logistics sector is evolving rapidly and new methods of delivery, from self-driving trucks to delivery robots, could soon be widespread. That being said, logistics companies are mostly hoping for just “basic” infrastructure improvements to be considered right now. That means fixing roads and bridges, and not just focusing on the next big technological advance that could change how we deliver items. We still need regular old delivery trucks and the other shipping methods we know and love to work well, and we need an infrastructure that can handle them.
Growth for the Asia-Pacific Market
In the Asia-Pacific region, the warehouse management system market was worth around $575 million last year. That number is going to look small pretty soon. A new report predicts that this same market could be worth more than $2.3 billion by 2027! The rapid growth of e-commerce in the region is sure to be a massive contributor to this growth in demand for warehouse management system software and other solutions.
Returns on the Rise
One thing that retailers are going to have to learn how to handle more efficiently is returns. Not tackling these in a smart and efficient manner is sure to clog up the works at your warehouse. Retailers better act fast and learn the best warehouse management techniques, since the number of returns and the portion of e-commerce transactions they account for continues to rise. In 2018 around ten percent of merchandise sold was returned, and the uptick from 2017 could be due to e-commerce sales.
A Supermarket Chain Focuses on Green Packaging
Kroger, a supermarket chain, has decided to partner with an e-commerce platform with a specific goal in mind. The company wants to make packaging more sustainable, so it's piloting a circular packaging program that would increase the usage of recycled containers. Shipping items can create a lot of waste. Programs like this could represent a greener step forward and make a big difference.
Air Cargo Freight Breaks a Losing Streak
Air cargo volumes rose slightly in March, reversing a four month streak of no growth or negative volume changes. One month doesn't make a trend, but continued positive momentum for the air cargo sector in the next few months could be a good sign of things to come.
Your Santa Ana, CA E-Commerce Experts
If you ever need some e-commerce expertise, you don't have to go far. Contact Eleets 3PL at (714) 426-4255 and get the advice and tech that you need. From warehouse management to fulfillment services, we're ready to help you out!