E-commerce last mile deliveries are expected to evolve globally to meet growing customer expectations of faster delivery times and flexibility. Last mile delivery currently accounts for 45-50% of logistics costs for e-commerce companies. As the Indian e-commerce market is projected to reach $200 billion by 2026, companies are developing new technologies and strategies to improve last mile connectivity, which is key to their success. Customer needs are dynamically changing to demand same-day or next-day delivery, flexibility in routing and scheduling, reasonable delivery costs, and security of packages.
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Give an account of how e-commerce last mile deliveries will evolve globally
E-commerce last mile deliveries are expected to evolve globally to meet growing customer expectations of faster delivery times and flexibility. Last mile delivery currently accounts for 45-50% of logistics costs for e-commerce companies. As the Indian e-commerce market is projected to reach $200 billion by 2026, companies are developing new technologies and strategies to improve last mile connectivity, which is key to their success. Customer needs are dynamically changing to demand same-day or next-day delivery, flexibility in routing and scheduling, reasonable delivery costs, and security of packages.
E-commerce last mile deliveries are expected to evolve globally to meet growing customer expectations of faster delivery times and flexibility. Last mile delivery currently accounts for 45-50% of logistics costs for e-commerce companies. As the Indian e-commerce market is projected to reach $200 billion by 2026, companies are developing new technologies and strategies to improve last mile connectivity, which is key to their success. Customer needs are dynamically changing to demand same-day or next-day delivery, flexibility in routing and scheduling, reasonable delivery costs, and security of packages.
Give an account of how e-commerce last mile deliveries
will evolve globally?
Ecommerce retailers currently to targeted ~ 90-110 million online customers. The fortunes of an ecommerce player on customer service and managing the ever-growing customer expectations. India ecommerce market expected to touch $200 billion* by 2026, firms are racing to develop new technologies and strategies to stay relevant and competitive in the online market. Last mile delivery, which comprises 45-50% of transportation has become the most expensive and time-consuming segment of the logistics chain of an e-commerce player. More than 80% of customers today are willing to pay more for faster delivery. Efficient last mile connectivity is a key factor behind the success of any ecommerce retailer Customer expectations and cost unpredictability are the key factors that form the basis of a successful ecommerce business. Customer needs are dynamically evolving with flexibility (re-routing, re-scheduling), speed (same day/ next day delivery), cost of delivery and security of the package becoming key to the operational success of a firm. Hence people now globally are moving around now looking for doorstep for their mandatories and are trying to make their work simpler and ready to pay extra for the services, so this last mile deliver will evolve naturally in the e-commerce industry as people globally are preferring it rather than a direct shopping.