Retail Logistics Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user and Region (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

The consumer packaged goods (CPG) market is experiencing a surge of new products, prompting manufacturers, retailers, and marketers to explore innovative ways to manage supply chains. In this dynamic scenario, effective retail logistics has emerged as a key component in streamlining the flow of goods from sources to end-users. The retail logistics market is gaining remarkable momentum and is expected to reach maturity in the coming years. The integration of advanced technology, including the Internet of Things (IoT), is anticipated to further drive the growth of the retail logistics market. With a significant percentage of consumers preferring traditional in-store purchases, the market is poised for robust expansion over the study period.

Integration of Smart Glasses to Drive Efficiency and Customer Satisfaction

The integration of smart glasses is projected to sustain the growth of the global retail logistics market. Smart glasses and augmented reality devices have enhanced portability and delivery speed in the supply chain process. Organizations adopting this technology have witnessed significant improvements in efficiency, productivity, and compliance. Moreover, the use of smart glasses has reduced errors, re-work, and risks, leading to increased order fulfillment rates, delivery speed, and customer satisfaction.

Efficient Last Mile Delivery to Unlock Substantial Business Opportunities

Efficient last-mile delivery has become a crucial aspect for e-commerce firms to differentiate themselves from competitors. Companies across industries such as drugs, food, and beverages are aiming to achieve same-day delivery. Drones and self-driving vehicles are being adopted to ensure speedy delivery, while robotic deliveries are reducing labor costs. The efforts to execute efficient last-mile delivery are anticipated to drive the growth of the global retail logistics market during the forecast period.

Asia Pacific Emerges as a Significant Player with Technological Advancements

Asia Pacific is expected to hold a significant share in the global retail logistics market. The region has seen the introduction of automation in certain aspects of the supply chain and witnessed the expansion of internet infrastructure and international logistics networks. The implementation of transformation strategies and continuous improvement in logistics infrastructure in major economies will further contribute to the positive dynamics of the retail logistics market in Asia Pacific.

Prominent Market Players

Leading players in the retail logistics market include FedEx, XPO Logistics, Inc., DSV, DHL International GmbH, Kuehne + Nagel International, C.H. Robinson Worldwide, Inc., United Parcel Service, Nippon Express, APL Logistics Ltd, Schneider, and A.P. Moller - Maersk.