Q2 2024: State of E-Commerce Logistics in Europe
The e-commerce sector in Europe is evolving at an amazing pace, with key e-commerce markets such as the United Kingdom, Germany, and the Netherlands leading the transformations. The region is poised to achieve significant milestones, with projected revenues soaring to a remarkable US$632.70 billion this year and may nearly double to US$977.40 billion by 2029. This growth has been made possible by the expanding user base, with online shoppers expected to reach 446.1 million by the end of the decade.
What's more, the e-commerce logistics sector, a critical backbone of this e-commerce surge, is adapting swiftly to meet the demands of this expanding e-commerce market. Leading carriers such as Royal Mail, DPD, Evri, DHL Paket, GLS, PostNL, and DHL Parcel are at the forefront. These companies are driving innovations, improving their operational capabilities, and also setting new benchmarks in performance metrics for the second quarter of 2024.
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In another of our "state of e-commerce logistics" series, we will examine key performance metrics for e-commerce logistics providers in Europe, including transit times, on-time delivery ratios, and first-attempt delivery success rates in Q2 2024. The article will provide a comprehensive view of the current state and future trajectory of e-commerce logistics across Europe's leading markets.
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