[CHART] U.S. crowdsourced delivery players suggest a burgeoning market...
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CHART & DATA: E-COMMERCE
U.S. crowdsourced delivery players suggest a burgeoning market…
Crowdsourced delivery is one model of faster delivery, as it allows new players to provide last-mile deliveries with little upfront cost. As the chart below from our Crowdsourced Delivery Report shows, there's a growing market for these players in the U.S.
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Here are some other key points from the study:
The ongoing rise of e-commerce — online sales increased 16% year-over-year (YoY) in Q2 2017 to make up 8.9% of total US retail sales — has led to a dramatic rise in US parcel volumes, which grew 8.2% from 12 billion parcels in 2015 to 13 billion in 2016.
Combined with rising customer expectations for free and fast delivery, this means logistics and retail companies need to deliver more packages faster and at a lower cost than ever before – an area where crowdsourced delivery can help.
124 crowdsourced delivery startups globally had raised about $9 billion in venture capital (VC) funding over the prior decade, including $2.5 billion in 2016.
Crowdsourcing can drastically speed up deliveries in urban areas, where there is a high density of deliveries and potential couriers to be matched.
The US e-commerce market is growing at a healthy rate... Access Full Chart →
These are just a few of the charts made available to BI Intelligence subscribers.
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