E-commerce Fulfillment Services Procurement Intelligence: From Insights to Action
The e-commerce fulfillment services category is expected to grow at a CAGR of 13.9% from 2023 to 2030. The increased number of online shoppers, particularly in emerging economies, and the proliferation of the e-commerce industry are driving the industry significantly. In addition, the rise in the number of e-commerce startups and the growth of small & medium-sized businesses across the globe has supported the market players in gaining momentum over the years. In 2022, the global market was dominated by the e-commerce shipping fulfillment service segment as the policies of trade liberalization and the agreements governing cross-border shipments have led to an expansion in trade and shipping. Technological developments in fulfillment systems are enabling businesses to scale their operations efficiently. For instance, cloud-based solutions give businesses more flexibility when it comes to managing inventory, order processing, and fulfillment, enabling them to respond to shifting dema...