- 15 November 2016
- Transport / Logistics Services
Parcel volumes are set to grow by 20% by 2018 according to new research by Pitney Bowes. The Pitney Bowes Parcel Shipping Index indicates that parcel shipping volume was 31 billion parcels in 2015, with a 2.9% increase against 2014.
The Index forecasts shipping volume to grow annually at 5-7%, with cross border shipping leading the way.
“With the growth we’ve witnessed over the last several years in ecommerce, it is no surprise the global parcel shipping market continues to expand at a strong pace,” said Lila Snyder, President, Global Ecommerce for Pitney Bowes. “That growth in parcel shipping is having a profound effect on businesses. Increased demand has led to greater service options from an expanding number of global, national and regional carriers. However, managing multiple carriers and shipping goods across borders also creates new challenges and raises complexity.”
The US is the largest parcel shipping market of those countries the Pitney Bowes index looks at. 11.8bn parcels were shipped there in 2015, with $85bn spent that year. The next four countries are Japan (9.4bn), Germany (3bn), France (2.2bn) and the UK (1.5bn). Globally, the parcel shipping market is primarily being driven by the growth in ecommerce, with the industry growing very quickly around the world. The US has the largest retail ecommerce market, followed by the UK, Japan, Germany and France in that order.
“The strong growth we are seeing in parcel shipping has led to increasing complexity for businesses of all sizes,” said Mark Shearer, Executive Vice President and President, Pitney Bowes Global SMB Solutions. “Small and medium businesses (SMBs) in particular are having trouble managing the growing number of shipping options, service levels and 24/7 tracking. New and improved technologies, including cross-border and cloud-based multi-carrier office shipping platforms, can help businesses of all sizes optimize their parcel shipping operations to maximize efficiency and deliver the best possible customer experience.”
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