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Technological advancements and innovations are key factors propelling the e-commerce fulfillment services market expansion. The array of technologies required for merchants to proficiently manage their e-commerce fulfillment is intricate. The growing demand for accurate and fast order fulfillment is encouraging merchants to incorporate automation into their operations.
Merchants are also increasingly adopting order management systems (OMS) or distributed order management systems (DOM), relationship management systems (CRM), and systems for forecasting, inventory, and warehouse management. Additionally, automated systems, including robotic picking and packing systems, autonomous mobile robots (AMRs), and automated guided vehicles (AGVs) are being increasingly used in warehouses and fulfillment centres.
The expansion of the internet and advancements in technology have contributed to the growth of the e-commerce market. The increased convenience, accessibility, and presence of a vast range of product offerings through e-commerce channels, smartphone adoption, and favourable government initiatives have been supporting the growth of e-commerce. Fulfillment services are considered the backbone of e-commerce operations and play a key role in inventory management, order processing, and product shipping.
With growing concerns regarding environmental safety and protection, fulfillment services are adopting eco-friendly packaging materials, improving delivery routes to reduce emissions, and lowering waste by carrying out more efficient packaging and shipping practices.
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In July 2023, FedEx Corporation (NYSE: FDX) and Floship, a global circular supply chain solutions provider for e-commerce brands, partnered to provide enhanced fulfillment and logistics services to e-tailers worldwide. The partnership is aimed at creating an end-to-end digitalised fulfillment and return solution for improving operational efficiency through efficient inventory management. Such partnerships and collaborations between key players are favouring the market expansion.
The major players in the global e-commerce fulfillment services market are Amazon.com, Inc., eFulfillment Service, Inc., Ingram Micro, Inc., ShipNetwork, Red Stag Fulfillment, ShipBob, Inc., Shipfusion Inc., Xpert Fulfillment, Sprocket Express Plainville, MA, and FedEx Corporation, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Product Type |
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Breakup by Service Type |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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