Latin America e-commerce logistics is anticipated to grow at a CAGR of 6.1% during the forecast period (2021-2027). The market growth is mainly attributed to the growth in the number of e-commerce industries, increasing digital infrastructure development, and rising investment by key market players across the globe. More discounted offers and a variety of products have increased the interest of people towards online shopping and the increase in awareness among people is further expected to increase the growth of the market in the forecast period. According to the analysis of the World Bank, approximately 30% of the distribution cost structure alone represents the total logistics cost in Brazil. In addition to this, countries in Latin America rely heavily on roadways for transportation of agricultural products and fertilizers over long distances. With the increase in transportation, many players will have the interest to fund in this region as the transportation cost has raised and people look for cost-effective transportation. Moreover, Chile is a logistics hub due to the operation of the interoceanic channel and better infrastructure as the Chilean government has included the need for a modern network of logistics to increase the country’s economy.
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Further, the player’s initiative for infrastructure development is to drive market growth. For instance, in March 2021, DHL Express had set forward its new whitepaper. In the whitepaper, the company had highlighted that due to the COVID-19 pandemic the pace of acceleration is theirs in digitalization that will lead to an increase in B2B and B2C e-commerce growth. In June 2020, Aramex had put forward its new Aramex SMART that is considered a solution for e-tailers. The consumer would be benefited from convenient online shopping and the facility to get faster delivery, easy return along payment with various methods after getting delivery within 14 days. Besides, in November 2019, Aramex had introduced across Saudi Arabia and UAE its last-mile delivery solution as Aramex Spot. This will support in providing enhanced services to customers along with a pickup facility as per increasing demand. Thus, the major players’ focus on the market growth and the rising introduction of delivery solutions for enhanced services to customers are the factors fostering the market growth during the forecast period.
Market Coverage
· The market number available for – 2020-2027
· Base year- 2020
· Forecast period- 2021-2027
Segment Covered-
· By Services
· By Product
· By Location
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
