Both Europe and the United States have started 2023 off with more robust GDP numbers than expected, but most forecasters expect growth to be more downbeat through the remainder of 2023. The impact of past monetary policy tightening is beginning to show an effect as the global economy begins to slow. The macroeconomic environment has been better than predicted over the first half of 2023, but the second half of the year is expected to be weaker. A 2020 World Economic Forum report predicts that without intervention, carbon emissions associated with last-mile delivery could increase by 32% by 2030. Green is still keyĪs sustainability continues to see higher priority from businesses throughout Asia Pacific, last-mile delivery remains an important part of the equation.
Finally, AI and more powerful analytic tools will work to optimize delivery routes and mitigate or solve delays. Blockchain and smart contracts will help solve many problems e-commerce has previously faced, including transparency, security and accuracy of deliveries.
Robotics and automation are adding convenience and efficiency to last-mile deliveries, propelling the growth of the autonomous last-mile delivery market. New technologies are already driving transformation of the last-mile delivery sector. *Source: eMarketer What does the future of last-mile delivery look like? 73% of online shoppers in Asia Pacific expect orders placed before midnight to qualify for next-day delivery. Additionally, e-consumers have higher expectations for product delivery than ever before. This means that as e-commerce grows, the last-mile delivery market will tend to grow as well. Due to its online nature, e-commerce and last-mile delivery go hand in hand. While e-commerce growth is relatively slow compared to during the pandemic, it is still experiencing steady growth around the world* and Asia Pacific is leading the way in e-commerce adoption, growth and sales. Why is last-mile delivery critical in APAC? Growth is also expected to outpace the rest of the world with a projected CAGR of 14% through 2030.
Currently, Asia Pacific has the largest piece of the last mile delivery pie, valued at USD 16 billion or 39% of the global total. This represents an increase of over three times, representing a compound annual growth rate (CAGR) of 13% over the next eight years. Valued at USD 40.5 billion in 2021, the global last-mile delivery market is forecast to hit USD 123 billion by 2030. The last mile delivery market is growing rapidly, in large part fueled by the rise in e-commerce and B2C verticals. Trending Topic: The last mile is becoming more important than ever Ocean SPOT freight rates are now back at pre-pandemic levels and have seen little movement since January 2023. Core inflation, with the exception of food and energy, is proving sticky and it remains unclear when this will come down to the FEDs target inflation rate of 2%.Įurope inflation remains high after increases throughout 2022 and analysts are uncertain when we will see the peak in core inflation. The US inflation rate has now peaked and the squeeze on consumer purchasing power is expected to fade. The global manufacturing 'orders-to-inventory' ratio remained unchanged in May, sitting at 0.99, while manufacturing export orders saw a slight increase. This growth momentum is being driven by services, as China nears a return to pre-Covid conditions. The global composite PMI has continued to rise slowly throughout early 2023, reaching 54.4 in May. If there are any new topics you would like to talk about in future updates please let us know by filling out our survey form here.
TOTAL NETWORK INVENTORY KEY UPDATE
Growth in the second half is expected to be much slower than we saw over the previous six months, in part as questions have arisen about the strength of the Chinese economic rebound after Covid.įeatured in the June Asia Pacific Market Update While the first half of 2023 showed the overall global economy to be more resilient than expected, sticky inflation and residual effects of previous monetary policy leave analysts worried about the second half of the year.
0 kommentar(er)
