openPR Logo
Press release

Last Mile Delivery: Your Fast Track to Delivery Efficiency

07-09-2024 12:16 PM CET | Logistics & Transport

Press release from: Orion Market Research

Last Mile Delivery: Your Fast Track to Delivery Efficiency

The importance of last-mile logistics has increased significantly in recent years due to the rapid growth of e-commerce, evolving consumer demands, and the necessity for efficient and timely deliveries. Covid-19 has also played a part in hastening the rise of last-mile deliveries. In logistics, 'first-mile' and 'last-mile' delivery are terms used to describe the movement of goods within the supply chain. The first leg of the supply chain journey commences when a customer places an online order, and the retailer takes, packs, and hands the item to the courier. This stage is known as first-mile delivery. Last-mile delivery occurs when the item is transported from the shipping warehouse to the customer's doorstep. Last-mile delivery is crucial within the supply chain as it significantly influences the customer experience. E-commerce giants such as Amazon, Flipkart, and others are influencing customer expectations by providing rapid and cost-effective delivery options.

Market Overview and Drivers

Last mile delivery market will grow at an average CAGR of 8.5% by 2030. The market growth is attributed to the rise of the e-commerce industry, an increase in trade activities brought on by globalization, technical developments in delivery vehicles, and an increase in demand for quick package delivery. The top priority in last-mile delivery, in the past was cost and satisfaction, which has now shifted to cost and speed.

The major players in the last-mile delivery market are Yamato Holdings, Royal Mail, TFI International, Poste Italiane, ZTO Express, SF Express, Japan Post Holdings, DHL Group, FedEx, and UPS. Mergers, collaborations, and product launches are some of the strategies followed by industry players. For instance, in June 2023, Amazon unveiled its strategy to incorporate small businesses into its efforts to improve last-mile delivery operations. This initiative, extending across 23 states in the US, will engage a variety of small businesses, including clothing stores, florists, and local convenience stores. Additionally, in October 2022, GEODIS acquired Need It Now Delivers. The acquisition aims at expanding the acquiring company's presence in the US, in final mile delivery and contract logistics.

Data analytics is a key enabler of last-mile delivery innovation. It helps logistics providers collect, process, and leverage large amounts of data from various sources, such as GPS, sensors, cameras, or customer feedback. Data analytics can help to improve operational efficiency, customer satisfaction, and competitive advantage in last-mile delivery, by enabling capabilities such as real-time tracking, dynamic routing, demand forecasting, personalized offers, and proactive communication.

Data analytics can also support the adoption and integration of other technologies, such as autonomous vehicles. These can potentially reduce labor costs, fuel consumption, and emissions. Autonomous vehicles can also collaborate with human agents, creating a hybrid delivery network that can optimize routes, speed, and safety. Autonomous vehicles can range from self-driving cars and vans to drones and robots, depending on the size, weight, and distance of the delivery.

Companies are adopting drones that can deliver packages to remote or hard-to-reach areas. Advances in technology are making drone delivery systems more feasible, promising faster and more cost-effective deliveries. This is particularly noticeable in remote areas, where delivering critical goods, such as medicine, is a key application.

Additionally, fostering diversity in the industry is not only a social imperative but also a strategic move. It allows access to a wider talent pool, thereby enhancing overall efficiency and inclusivity in last-mile logistics. This is believed to play a crucial role in facilitating the expansion of supply chain capacity.
The big promise of autonomous vehicles incorporate robots with complete deliveries at a lower cost than human workers. While others are experimenting with robots that can navigate sidewalks and deliver food or groceries. For instance, the autonomous sidewalk robots started delivering to Postmates customers in multiple Los Angeles neighborhoods in 2018.

Another trend that is gaining popularity in last-mile delivery is smart lockers, which are secure and convenient storage units that customers can use to receive or return their online orders. Smart lockers can be installed in various locations, such as apartment buildings, office complexes, shopping malls, or transit stations, and customers can access them with a code, a QR scan, or biometric verification. Smart lockers can offer several benefits for both logistics providers and customers, such as reducing failed deliveries, enhancing security and privacy, enabling 24/7 access, and allowing flexibility and choice.

Customer empowerment reflects the increasing expectations and preferences of customers in terms of last-mile delivery. Customers want to have more control and convenience over their delivery options, such as choosing the time, location, mode, or frequency of delivery, or changing or canceling their orders at any stage. Customers also want to have more transparency and communication over their delivery status. Customer empowerment can help logistics providers increase customer loyalty, retention, and satisfaction.

Real-time tracking through smart technology is crucial in enabling a faster and more transparent last-mile delivery process, linking the planned delivery time to the current location. IoT-enabled sensors and GPS (Global Positioning System) devices allow for the tracking of every movement of a shipment. Such tools enable consumers to manage and modify retail deliveries with the help of online assessable tools. It brings transparency to its customers and has complete control over deliveries.

The dependable last-mile delivery solutions are particularly benefiting e-commerce enterprises and their clients through enhanced delivery processes. For instance, in April 2024, PIESHIP, a logistics firm based in Saudi Arabia, integrated AI and crowdsourcing techniques to streamline last-mile delivery routes and schedules, aiming to lower expenses and elevate customer satisfaction.

Furthermore, companies are leveraging smart technological solutions and integrating technology to optimize last-mile delivery operations, making them more transparent and reliable. For instance, in March 2024, ClickPost and Porter introduced a transformative logistics alliance geared toward modernizing last-mile delivery services. While, prioritizing swifter deliveries, enhanced post-purchase experiences, and streamlined omni-channel operations, the collaboration aims to optimize hyperlocal delivery services.

However, the global last-mile delivery market transportation faces challenges in the form of government regulations and authorities to control greenhouse gas emissions. The government worldwide has taken some measures to maintain environmental sustainability and reduce the impact of transportation on the environment. Additionally, the last-mile delivery market relies on conventional fuel-powered vehicles to encounter the challenge of reducing the emission standard. While securing the logistics landscape in the last mile delivery services with several factors. The first one is an increase in e-commerce activities as well as growing the base of online shopping due to the convenience of diverse product range. For instance, in October 2023 the government's Green Credit Programme (GCP) will also receive carbon credits under the Carbon Credit Trading Scheme if it leads to the reduction or removal of carbon emissions.
In a nutshell, the rapid growth of e-commerce and consumer demands leads to an increase in the last-mile delivery market. Innovations such as drone delivery, and AI are shaping the future of this sector and the demand for e-commerce. The key players including Amazon, Royal Mail, and others are adopting strategies such as mergers, collaborations, and new product launch strategies to get a competitive edge, thus contributing towards market growth.

To know more please visit at https://www.linkedin.com/pulse/last-mile-delivery-your-fast-track-efficiency-mahesh-mukati-tlluf

Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Last Mile Delivery: Your Fast Track to Delivery Efficiency here

News-ID: 3572263 • Views:

More Releases from Orion Market Research

Hair Accessories Market Poised for Strong Growth Driven by Gen Z Trends and Sustainability Preferences
Hair Accessories Market Poised for Strong Growth Driven by Gen Z Trends and Sust …
Hair accessories market was valued at $23.8 billion in 2024 and is projected to reach $55.2 billion in 2035, growing at a CAGR of 8.2% during the forecast period (2025-2035). Generation Z, with significant disposable income, is transforming the hair accessories category in a major way. Their close connection to trends creates a unique feeling of urgency to self-express through fashion, such as clips, scrunchies, and barrettes. It has become
Railway Management System Market Size Analysis, Competitive Insights, Leading Players and Growth Opportunities by 2033
Railway Management System Market Size Analysis, Competitive Insights, Leading Pl …
Railway System (or Railway Management System) market was valued at approximately USD 28.28 billion, and it is expected to reach about USD 45.19 billion by 2033, growing at a CAGR of around 4.8% from 2024 to 2033. Railway Management System Market Overview The Railway Management System market includes technologies and systems used to plan, monitor, and manage railway operations-everything from traffic and signaling systems to asset and maintenance management, passenger information,
Monocalcium Phosphate Market Size Analysis, Competitive Insights, Leading Players and Growth Opportunities by 2033
Monocalcium Phosphate Market Size Analysis, Competitive Insights, Leading Player …
Monocalcium Phosphate market was valued at about USD 4.2 billion, and it is anticipated to reach around USD 6.9 billion by 2033, growing at a CAGR of approximately 5% from 2023 to 2033. Monocalcium Phosphate Market Overview Monocalcium phosphate (MCP) is a calcium-phosphorus compound widely used in animal feed, fertilizers, and also in food and beverage applications (for example as leavening agent or acidity regulator), due to its solubility and bioavailability. The
Automotive Lubricants Market Size Analysis, Competitive Insights, Leading Players and Growth Opportunities by 2033
Automotive Lubricants Market Size Analysis, Competitive Insights, Leading Player …
Automotive Lubricants Market was valued at approximately USD 70.44 billion. By 2033, it is expected to reach around USD 107.09 billion, growing at a CAGR of about 3.3% from 2025 to 2033. Automotive Lubricants Market Overview The automotive lubricants market consists of products like engine oils, gear oils, greases, hydraulic fluids, and transmission fluids that reduce friction, wear and tear, and improve efficiency and lifespan of vehicle components. Demand is driven by

All 5 Releases


More Releases for Post

Post-Tensioning System Market Next Big Thing | Major Giants Freyssinet, Suncoast …
Latest added Post-Tensioning System Market research study by AMA Research offers detailed outlook and elaborates market review till 2026. The market Study is segmented by key regions that are accelerating the marketization. At present, the market players are strategizing and overcoming challenges of current scenario; some of the key players in the study are VSL International Ltd. (Switzerland), Freyssinet (France), DYWIDAG-Systems International (Germany), Suncoast Post-Tension (United States), SRG Limited (Australia),
Postal Operators Market Future Outlook to 2025: USPS, Japan Post, Deutsche Post, …
Research for Market in this report on the Global Postal Operators Market will continue to be interested in CAGR growth by providing an in-depth look at how major players and brands are driving the Postal Operators Market during the 2019-2025 forecast period. In addition, the Postal Operators Market definition, classification, application and participation of the Global Postal Operators Market was described. The Global Postal Operators Market is categorized by market
Postal Operators Market Future Outlook to 2025: USPS, Japan Post, Deutsche Post, …
Research For Market in this report on Global Postal Operators Market will keep you apprised in this CAGR growing market by letting you know in-depth how the key players and brands are driving the market in the forecast period of 2019-2025. Further, the markets definition, classifications, applications, and engagements in the Global Postal Operators Market have been described. The Global Postal Operators Market has been classified according to market size
Parcel Delivery Market Wide Spread Across the World | China Post, Deutsche Post …
HTF MI recently introduced Global Parcel Delivery Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are China Post, Deutsche Post DHL, FedEx, Japan Post Group, La Poste
E Commerce Logistics Market Outlook 2023 – FedEx, Australia Post, Blue Dart, C …
E-commerce is the activity of buying or selling of products on online services or over the Internet. There are many factors that augment the growth of global E commerce logistics market such as growing E commerce market, smaller and simple supply chain, new and innovative methods of deliveries and so on. The report comprises the study of the global e-commerce logistics market that focuses on various types of services in the market.
Parcel Delivery Market is Booming Worldwide | Deutsche Post DHL, FedEx, Japan Po …
HTF MI recently introduced Global Parcel Delivery Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are China Post, Deutsche Post DHL, FedEx, Japan Post Group, La Poste