How is E-Commerce Industry Propelling Growth of Global On-Demand Logistics Market?

The thriving e-commerce industry is one of the major factors fuelling the soaring adoption of on-demand logistics solutions all over the world. The share of global e-commerce sales increased by almost 15% from 2017 to 2018. Moreover, the share of the total sales in the global e-commerce industry was found to be nearly 14% of all the retail sales across the world. Furthermore, it is expected that that the e-commerce sales will account for approximately 17% of all the retail sales around the world 2021.

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The changing customer buying patterns and preferences is majorly contributing toward the growing demand for faster delivery times and shipping at affordable prices, which is in turn, boosting the popularity of on-demand logistics solutions. This is credited to the fact that the conventionally adopted logistics solutions are not able to cater to the inconsistent shipping requirements and demand for faster shipping times and and bulk supplies, owing to which, the retail companies are increasingly adopting the on-demand logistics solutions.

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The increasing inflow of huge investments is one of the key trends currently being witnessed in the on-demand logistics market. There has been a huge rise in the number of start-ups operating in the market over the last few years. A majority of these start-ups are receiving huge funding from various venture capitalists for expanding their operations and businesses across the world. For example, Lalamove, an on-demand logistics providing company based in Hong Kong, received an investment worth $300 million in series D round, as the company aims to expand its operations across Asia-Pacific (APAC).

Therefore, it can be said with surety that the demand for on-demand logistics solutions will escalate throughout the world over the next several years, mainly because of the booming e-commerce industry, rising popularity of online shopping, and increasing requirement of faster shipping and delivery times by the consumers.

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