The global e-commerce logistics market is expected to grow at a CAGR of 10.55% during the forecast period. Based on the service, the global e-commerce logistics market has been segmented into transportation, warehousing, and others.
Transportation is expected to have the largest market share in the global e-commerce logistics market due to the use of different modes of transport such as road, rail, air, and water. As logistics services require high investment and expertise that add significantly to operational costs, many e-commerce companies are outsourcing these services to logistics providers. There is a growing importance of transportation in the entire chain of e-commerce logistics process as various large and small logistics companies are focusing on last-mile delivery.
The transportation services for cross-border e-commerce are widely outsourced because they are capital intensive. Many logistics companies are offering transportation solutions for the e-commerce industry. For instance, in April 2017, KUEHNE + NAGEL signed a memorandum of understanding (MoU) with Alibaba.com to provide China-based shippers with e-commerce logistics solutions. Such a rise in the outsourcing of logistics is likely to fuel the global e-commerce logistics market growth during the forecast period.
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