In recent years, the eCommerce market has experienced rapid development. According to Statista, global eCommerce logistics market revenue is projected to reach approximately €770.8 billion by 2026, representing a staggering 75% growth compared to €441 billion in 2021. As the eCommerce market continues to thrive, eCommerce logistics has become a crucial factor for operational success. e+Solutions (ePlus) is actively involved in the development of eCommerce technologies to enhance logistics efficiency and service quality. In this article, we will share the latest eCommerce logistics technology trends for 2024, empowering you to thrive in the ever-changing market.
Trend 1: Warehouse and Fulfillment Automation
Logistics technology applications, ranging from warehouse and fulfillment automation to IoT, drone delivery, and AI-based predictive logistics, have greatly improved convenience and efficiency in eCommerce logistics operations. ePlus has introduced Autonomous Mobile Robots (AMRs) for comprehensive warehouse automation. In August 2023, 30 AMRs were deployed in ePlus’ eCommerce warehouse, providing faster and more accurate logistical support.
AMRs have shifted the warehouse operation model from “person-to-goods” to “goods-to-person,” achieving a picking accuracy rate of over 99.9% and doubling order processing efficiency. Next year, logistics technology applications are expected to mature further, significantly improving processing speed and accuracy across various procedures.
Trend 2: One System, Multi-Warehouse
To meet the strong demand for cross-border eCommerce logistics, brands looking to expand globally often need to utilize multiple warehouses for inventory and fulfillment. The emerging trend is to integrate these warehouses into a unified system that efficiently manages and tracks inventory and orders. The “One System, Multi-Warehouse” model allows eCommerce businesses to operate globally using cloud-based systems, breaking free from geographical limitations. ePlus is continuously upgrading the system to cater to the needs of the eCommerce market, enabling businesses to manage inventory and orders seamlessly while leveraging ePlus‘ global warehouses for limitless online operations, whether domestically or internationally.
Trend 3: AI-driven Data Integration
In the era of big data, deep data analysis plays a vital role in driving business success. For eCommerce, data analysis helps predict product demand, optimize inventory, and enhance sales strategies. Warehouses like ePlus have started adopting AI and automated logistics equipment to integrate real-time operational data, including inventory, order status, order distribution and sales performance. This integration empowers businesses to make more accurate operational decisions.
Looking ahead to 2024, the eCommerce logistics industry will continue to embrace innovation, and ePlus will actively explore further intelligent logistics applications, working together with global businesses to create a new chapter in eCommerce. For any needs of eCommerce logistics and eCommerce enabler, ePlus is here to assist you!