10.6 C
London
Sunday, November 27, 2022

Indian e-logistics industry will reach $9 billion with e-commerce boom

Must read

The Trump team checks the damage after he has dinner with Ye and white supremacist Nick Fuentes

Former President Donald Trump distanced himself from a pre-Thanksgiving dinner Friday at his Mar-a-Lago club in Florida with Ye, formerly known as Kanye West,...

Stellantis to Restructure European Dealer Network in July 2023 • londonbusinessblog.com

Stellantis, the parent company of brands such as Jeep, Dodge, Fiat, Maserati and Peugeot, said on Thursday it would reorganize its European dealer networks...

Best 100 Black Friday deals still available in 2022: Earbuds, TVs, games

Black Friday is now a thing of the past, but many of the year's best deals on 4K TVs, video games, noise-canceling earbuds, robot...

Jump 7 years ahead of humans

When you played video games as a kid, you probably searched a lot cheat codes to help you gain a competitive advantage. Specific...
Shreya Christinahttps://londonbusinessblog.com
Shreya has been with londonbusinessblog.com for 3 years, writing copy for client websites, blog posts, EDMs and other mediums to engage readers and encourage action. By collaborating with clients, our SEO manager and the wider londonbusinessblog.com team, Shreya seeks to understand an audience before creating memorable, persuasive copy.

Indias e-logistics The sector has become one of the largest and fastest growing logistics markets in the world and is poised to hit the $9 billion industry, with a compound annual growth rate of 35 percent, a report found on Monday.



The number of e-commerce logistics shipments is expected to quadruple in the next five years.

“Thanks to new-age tech-enabled players coming in India‘s logistics arena, it is now easier for small and medium-sized businesses to transport goods, and there has been a dramatic increase in the speed and efficiency with which parcels are delivered,” the report from the Bengaluru-based company said. Redseer Strategy Consultants.

Among such players, Delhivery is well positioned at the intersection of the logistics industry’s various growth engines, including infrastructure, offline commerce, digital consumption, and technology and data science adoption.

The logistics industry of e-commerce has contributed to the overall growth of the Indian logistics industry and enabled the e-retail boom in India.

The proliferation of smartphones and the localization of the Internet in non-English languages ​​is attracting new consumers from non-metro locations to the Internet economy and creating a new demand for online commerce, removing the need for logistics disruption.

According to the report, the availability of multiple payment options such as: UPIANo costs EMIBNPL (buy now, pay later) etc. are driving the adoption of digital commerce by more consumers, creating a need for e-commerce logistics.

“Multiple segments in the Indian logistics market can be addressed by full-stack tech-enabled logistics providers. There appears to be a lot of room for growth as tech logistics players move into adjacent segments such as hyper-local delivery, express delivery, trucking, and more.” , the report said.

ALSO SEE:
Rupee gains 15 paise to 82.32 against US dollar
Upcoming cars to launch in India in November 2022

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

The Trump team checks the damage after he has dinner with Ye and white supremacist Nick Fuentes

Former President Donald Trump distanced himself from a pre-Thanksgiving dinner Friday at his Mar-a-Lago club in Florida with Ye, formerly known as Kanye West,...

Stellantis to Restructure European Dealer Network in July 2023 • londonbusinessblog.com

Stellantis, the parent company of brands such as Jeep, Dodge, Fiat, Maserati and Peugeot, said on Thursday it would reorganize its European dealer networks...

Best 100 Black Friday deals still available in 2022: Earbuds, TVs, games

Black Friday is now a thing of the past, but many of the year's best deals on 4K TVs, video games, noise-canceling earbuds, robot...

Jump 7 years ahead of humans

When you played video games as a kid, you probably searched a lot cheat codes to help you gain a competitive advantage. Specific...

Post-Thanksgiving travel can be hampered by severe weather across the country

Heavy rain and strong winds are expected this weekend in the southern Great Plains, from Texas to Mississippi, where it's already raining, threatening travel...