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Costs keeping pace as eComm grows, says Report

25 February 2020

The global eCommerce logistics market is expected to be worth over €500bn by 2024, but the demands of retailers and consumers are increasing logistics costs as fast as the market is growing – leaving little benefit for LSPs (logistics service providers).

The Transport Intelligence report Global e-commerce Logistics 2020 says the global eCommerce logistics market grew by 19% in 2019. The Report says global logistics costs run to 15% of eCommerce sales.

Key takeaways from the report include:

  • Pure-play retailers are likely to engage in online-to-offline as they seek to combine speed, convenience and physicality for its customers
  • Rapid eCommerce growth has given rise to many tech-enabled start-ups
  • Despite even the largest LSPs being stretched to breaking point, logistics costs percentage remain effectively unchanged
 
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