The global e-commerce market is expected to total
The global retail industry is going through a phase of phenomenal transition. Fast-paced lifestyles, easy access to technology and apps, and changing customer behaviors have birthed a new era of convenience-driven retail.
While e-commerce was steadily gaining momentum over the years and becoming popular among millennials and mobile-savvy consumers, the onset of a global pandemic has made online shopping and home deliveries of not just non-essentials, but also everyday commodities mainstream.
The current norms of work-from-home, social distancing and contactless shopping have given a big boost to e-retailing and B2B e-commerce. From groceries, to milk, vegetables and fruits, meal-kit delivery, restaurant foods, and electronics to apparels, e-commerce has taken over every possible category of retailing. To keep up with the e-commerce trends, sellers are building online presence, and brands are pushing themselves to offer multi-channel shopping experiences to customers.
The global e-commerce market is expected to total $4.89 trillion in 2021, and is expected to further grow in the coming years. Clearly, e-commerce is the new face of retail. And, needless to say, logistics is a crucial differentiating factor among brands.
Read on to learn more about the growing importance of efficient logistics in e-commerce and how implementing AI in your logistics can take your business to greater heights.
With E-commerce becoming more complex, thanks to increasing customer demands, it is imperative to increase operational efficiencies across all miles.Read more
Running an e-commerce business is all about offering convenience and keeping the promise of speedy deliveries. Now optimize your e-commerce supply chain with AI-powered logistics solutions by Locus.
How can Locus help manage your logistics?
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