[May 25, 2012] Goodman Reports Logistics Opportunity from the Rapid Global Growth in e-Retailing Tweet May 25, 2012 (Close-Up Media via COMTEX) -- An e-retailing research report commissioned by Goodman Group (Goodman) has highlighted that online shopping now accounts for almost a fifth of all purchases in developed markets and is growing between 15 percent and 20 percent per annum. According to a release on May 22, the growth rate in developing economies is far higher, with China for example currently experiencing around 75 percent growth a year. The research report on the global online shopping market was conducted by Transport Intelligence, one of the providers of research on the global logistics industry, and focused on the key areas of: + Take-up rates and popularity of online shopping around the world; + The impact of the growth in e-retailing on logistics operations in developed and developing markets; + The warehousing requirements and operations of some of the main e-retailing players; and + Factors that will play a role in the growth of the industry. Highlights from the study are as of May 22, being published in a White Paper entitled 'Logistics of Online Shopping - Where the Real Opportunities Lie'. Containing the latest stats and insights gained from canvassing the opinions of e-retailers, logistics companies and developers, the report provides an overview of the sector. The report showed that at a time when retail sales in many markets have been sluggish, internet retailing has grown rapidly and this shift in consumer attitude has brought enormous benefits to the global logistics market. With growth in excess of 10 percent per annum in developed economies and more than 30 percent per annum in many less developed areas, e-retailing is at present in the rapid growth phase, with little sign of leveling off, the report said. In line with the rapid growth in e-retailing around the world, it has been estimated that the global e-commerce market could be valued as much as US$1 trillion in 2013 and up to US$1.4 trillion by 2015. In developed markets, the US is currently the largest e-retailing market in the world, with 170 million users spending on average US$1,000 each per annum and according to Forrester Research is estimated to grow to approximately US$279 billion by 2015. Similarly, Europe which is growing at around 16 percent a year is estimated to be valued at over US$184 billion by 2015. This compares with emerging markets such as China, which currently has more than 150 million users, each spending on average US$200 to US$250 a year. The increasing number of middle class Chinese, with rising incomes and greater demand for western goods is seen as the main driver for China becoming a major e-commerce market, which Boston Consulting Group has estimated to be worth around US$305 billion by 2015. Goodman's Group CEO, Mr Greg Goodman said, "The research has enabled us to better understand the key drivers in the e-retailing market globally and the trends that are shaping the industry, including logistics operators. What is very apparent is that there is no 'one size fits all' approach to optimising distribution efficiency, with e-retailers in different markets adopting very different fulfilment and distribution strategies." Goodman Group is an integrated property group with operations throughout Australia, New Zealand, Asia, Europe and the United Kingdom. ((Comments on this story may be sent to [email protected])) [ Back To TMCnet.com's Homepage ]