Global Last-mile Delivery Optimization for Retail Growth Opportunities

Global Last-mile Delivery Optimization for Retail Growth Opportunities

Despite Mounting Pressure on Supply Chains, Demand for Autonomous Vehicles and Route Optimization Software Drives Growth Strategies

RELEASE DATE
30-Jun-2022
REGION
Global
Research Code: K716-01-00-00-00
SKU: TP00211-GL-MT_26675
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Description

This study focuses on last-mile delivery optimization achieved through autonomous vehicles (AVs) and route optimization software. It explores market definitions, size, forecasts, drivers, restraints, trends, competition, and growth opportunities.

Last-mile delivery involves the movement of products from a distribution center to the end destination (customer) through a logistics network that is either self-operated or handled by a third-party logistics (3PL) provider.

Traditionally, human workforces have carried out last-mile deliveries, but as supply chains come under more pressure and human resources are increasingly strained, demand for AVs and route optimization software has increased to enable more efficiencies and to optimize the last mile of the supply chain.

In this report, the global market is segmented by North America and Latin America (NALA); Europe, the Middle East, and Africa (EMEA); and Asia-Pacific (APAC) (the individual regions are not broken out).

Although online shopping was gaining traction in the pre-pandemic world, consumers still favored brick-and-mortar establishments. However, the COVID-19 pandemic created a surge in online shopping, which left businesses with very little time to adapt. Brick-and-mortar businesses still account for a majority of shopping, but eCommerce and the buy online, pick up in-store (BOPIS) phenomenon have led to much higher demand for last-mile delivery optimization and intelligent inventory management. With worker shortages and unprecedented demand putting immense pressure on the last mile of the supply chain, businesses are finding it very expensive to meet customer expectations.

And because customers have numerous choices online, businesses are trying to use last-mile delivery as a competitive advantage by promising the quickest delivery possible. To do so, they must expand the workforce and execute orders in shorter time frames. Yet considering labor shortages, businesses are now increasingly exploring technology to augment their last-mile delivery capabilities.

Current pressures on global supply chains coupled with geopolitical instability, especially in Europe, are further straining companies’ ability to provide effective last-mile delivery. These challenges increase demand for fossil fuels, which leads to higher fuel prices and subsequently higher costs for last-mile delivery.

Table of Contents

Why Is It Increasingly Difficult to Grow?

The Strategic Imperative 8™

Impact of the Top 3 Strategic Imperatives on Last-mile Delivery Optimization for the Retail Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Scope of Analysis

AVs—Scope of Analysis and Definition

Route Optimization—Scope of Analysis and Definition

Segmentation

Key Competitors

Growth Metrics

Forecast Assumptions

Revenue Forecast

Revenue Forecast Analysis

Growth Metrics

Growth Drivers

Growth Restraints

Forecast Assumptions

Revenue Forecast

Revenue Forecast Analysis

Revenue Forecast Analysis (continued)

Competitive Environment

Revenue Share

Revenue Share Analysis

Revenue Share Analysis (continued)

Growth Metrics

Growth Drivers

Growth Restraints

Forecast Assumptions

Revenue Forecast

Revenue Forecast Analysis

Competitive Environment

Revenue Share

Revenue Share Analysis

Revenue Share Analysis (continued)

Growth Opportunity 1—AVs in Developed Markets

Growth Opportunity 1—AVs in Developed Markets (continued)

Growth Opportunity 2—Augmenting Last-mile Delivery Optimization in Emerging Markets

Growth Opportunity 2—Augmenting Last-mile Delivery Optimization in Emerging Markets (continued)

Growth Opportunity 3—APAC as a Critical Growth Market

Growth Opportunity 3—APAC as a Critical Growth Market (continued)

Your Next Steps

Why Frost, Why Now?

List of Exhibits

Legal Disclaimer

This study focuses on last-mile delivery optimization achieved through autonomous vehicles (AVs) and route optimization software. It explores market definitions, size, forecasts, drivers, restraints, trends, competition, and growth opportunities. Last-mile delivery involves the movement of products from a distribution center to the end destination (customer) through a logistics network that is either self-operated or handled by a third-party logistics (3PL) provider. Traditionally, human workforces have carried out last-mile deliveries, but as supply chains come under more pressure and human resources are increasingly strained, demand for AVs and route optimization software has increased to enable more efficiencies and to optimize the last mile of the supply chain. In this report, the global market is segmented by North America and Latin America (NALA); Europe, the Middle East, and Africa (EMEA); and Asia-Pacific (APAC) (the individual regions are not broken out). Although online shopping was gaining traction in the pre-pandemic world, consumers still favored brick-and-mortar establishments. However, the COVID-19 pandemic created a surge in online shopping, which left businesses with very little time to adapt. Brick-and-mortar businesses still account for a majority of shopping, but eCommerce and the buy online, pick up in-store (BOPIS) phenomenon have led to much higher demand for last-mile delivery optimization and intelligent inventory management. With worker shortages and unprecedented demand putting immense pressure on the last mile of the supply chain, businesses are finding it very expensive to meet customer expectations. And because customers have numerous choices online, businesses are trying to use last-mile delivery as a competitive advantage by promising the quickest delivery possible. To do so, they must expand the workforce and execute orders in shorter time frames. Yet considering labor shortages, businesses are now increasingly exploring technology to augment their last-mile delivery capabilities. Current pressures on global supply chains coupled with geopolitical instability, especially in Europe, are further straining companies’ ability to provide effective last-mile delivery. These challenges increase demand for fossil fuels, which leads to higher fuel prices and subsequently higher costs for last-mile delivery.
More Information
Author Vishal Kartik Vijayanand
Industries Transportation and Logistics
No Index No
Is Prebook No
Podcast No
WIP Number K716-01-00-00-00