Logistics Innovations Impact The Rising E-Commerce Industry - AWL India
Over the past couple of years, the retail industry has undergone a massive transformation. Infrastructure improvements, increased awareness, technologically equipped logistics platforms, and compelling online shopping offers all contributed to the expansion of both the eCommerce and logistics industries. The modern Indian logistics sector, on the other hand, includes both internal and external components in terms of service supply chains and manufacturing. The number of online consumers has increased dramatically in recent years, and this trend is expected to continue. Experts expect that the eCommerce industry would grow by 21.5% to USD 74.8 Billion by the end of 2022. Whereas, the logistics industry will grow at a pace of 10-15% every year. The Indian e-commerce logistics market was valued at USD 2.93 Billion in 2019. It is anticipated to reach USD 11.48 Billion by the end of 2027 and will grow at a CAGR of 18.8% between 2020 and 2027. According to a study, Indian e-commerce wi...