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The Future of Retail Logistics: Trends and Innovations

The global retail logistics market size was USD 540.83 Billion in 2022 and is expected to register a revenue CAGR of 7% over the forecast period, according to the latest report by Reports and Data.

The Future of Retail Logistics: Trends and Innovations
DC Velocity Staff
By DC Velocity StaffOct 26, 2023
DC Velocity Staff
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The global retail logistics market size was USD 540.83 Billion in 2022 and is expected to register a revenue CAGR of 7% over the forecast period, according to the latest report by Reports and Data.

The retail logistics industry has been significantly impacted by the COVID-19 pandemic, with disruptions in supply chain and transportation causing delays. Due to increased demand for necessities and the closure of physical stores, logistics and supply chain systems are facing unprecedented stress. The pandemic has also led to a surge in demand for home delivery services and e-commerce, resulting in increased demand for logistics and supply chain services in the retail sector. Additionally, market revenue growth is being driven by the adoption of advanced technology, the need for sustainable logistics solutions, efficient last-mile delivery, and cross-border logistics solutions, as well as the growth of e-commerce trends.

Additionally, due to the need for retailers to streamline their supply chain operations and reduce costs, advanced logistics and supply chain management technologies such as automation, artificial intelligence (AI), and blockchain are being implemented. These technologies aid businesses in improving their operational speed, accuracy, and efficiency, resulting in higher customer satisfaction and reduced expenses.

Some Key Highlights from the Report

• During the forecast period, conventional retail logistics is expected to generate the largest portion of revenue. This is due to the growing number of retail establishments, higher disposable incomes, and an increasing demand for fast-moving consumer goods. The conventional retail logistics chain includes retailers, wholesalers, and logistics service providers. It involves various stages, including procurement, transportation, storage, and delivery, all of which are streamlined to ensure speedy and efficient delivery of products to physical stores.
• During the forecast period, the rail transportation segment is expected to hold a significant portion of the revenue share. This is mainly attributed to the growing demand for eco-friendly transportation options, the escalating cost of fuel, and the necessity for dependable and economical logistics services. Rail transport is a highly efficient method for transporting freight over long distances, and major players in this market include railway operators, logistics service providers, and merchants.
• The North American market is expected to have the highest revenue share over the forecast period, primarily due to the rise in e-commerce usage and technological advancements. There is a growing demand for retail logistics services that provide same-day delivery and faster shipping options, leading to an increase in market demand. To optimize their operations and reduce expenses, the logistics industry is integrating cutting-edge technologies like Artificial Intelligence (AI), Machine Learning (ML), and blockchain to adapt to the evolving needs of the retail market.
• Some of the prominent players profiled in the global retail logistics market include Amazon, United Parcel Service (UPS), FedEx Corporation, DHL International GmbH, XPO Logistics, Inc., Kuehne + Nagel International AG, Damco, CEVA Logistics, TNT Holdings B.V., and J.B. Hunt Transport Services, Inc.
• On February 7, 2022, Amazon revealed that it had reached an agreement with Green Mountain Power, an electric utility firm based in Vermont, to launch a group of electric delivery vans to transport products to customers. The objective of this partnership is to decrease carbon emissions and assist in the advancement of an eco-friendly logistics network.
• On November 3rd, 2021, DHL International GmbH launched a digital platform called MySupplyChain that uses artificial intelligence (AI) and machine learning (ML) to provide complete visibility and management of supply chain operations to its clients. This platform aims to enhance logistics services to the retail sector by enabling faster and more efficient delivery of goods.

For more information, access PDF here: https://www.reportsanddata.com/download-free-sample/5985

https://www.reportsanddata.com/report-detail/retail-logistics-market
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Hamilton Caster & Mfg. Co., a 117-year-old industry leader in heavy-duty industrial casters, proudly announces the enhancement of its legacy Super Endurance Caster (SEC) series, now rebranded as the Spinfinity® Super Endurance Caster (ZFSEC) series. In addition, Hamilton is introducing the all-new Spinfinity® Super Endurance Dual Caster (ZFSEC2) series, both of which feature a new heavy-duty 'V-Style' seal designed to elevate performance in the most demanding environments.
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Complementing the ZFSEC series, Hamilton introduces the all-new Spinfinity® Super Endurance Dual Wheel Caster (ZFSEC2) series. This dual wheel series is engineered for extra heavy-duty applications where stability, durability, and maintenance-free operation are paramount. Like its counterpart, the ZFSEC2 series leverages the new 'V-Style' seal, ensuring that each caster is fully protected against contaminants that could compromise performance.
Combined with sealed precision ball wheel bearings, this caster series ensures zero-fix, 100% maintenance-free performance. The dual-wheel configuration enhances stability and allows for a lower overall height, offering a perfect blend of strength and maneuverability.
Casters in both series are finished in a durable HAA polyester platinum powder coat and are available in a wide variety of wheel types, allowing for customization based on application needs. For complete wheel specs and product details check out the Spinfinity® Super Endurance Caster Landing Page and all-new Spinfinity® Super Endurance Dual Caster Landing Page.

https://www.hamiltoncaster.com/Top-Menu/Resources/New-Products/hamilton-enhances-spinfinity-casters-launches-new-dual-wheel-caster-series

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