The rapid growth of e-commerce is driving the shipping and logistics market intensively in 2024.
According to a recent report by Newscast, a prominent Japanese logistics statistics provider, global retail e-commerce sales reached $5,695 trillion in 2022. The projections for 2023 are even more promising, with an estimated value of $6,542 trillion. Furthermore, the rate of e-commerce sales is expected to continue rising in the upcoming years.
The surge in online shopping has become the most popular digital activity worldwide, influencing trade dynamics not only in emerging markets like China, India, and Indonesia but also in developed economies such as the United States and the European Union.
The connectivity between shipping and logistics firms and online marketplaces is expanding at an unprecedented pace. Major industry players like Maersk Line and Evergreen are actively involved in facilitating the transportation of goods from popular e-platforms like Alibaba in China and Amazon in the United States, particularly through sea freight.
Experts predict that e-commerce will continue its significant growth, with businesses operating without physical meetings becoming even more prevalent. This trend will likely result in a greater volume of goods being shipped and delivered through online shops, especially in the broader shipping and logistics industry.
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