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Retail Logistics Market to Hit $626.59 Billion by 2030: Grand View Research, Inc.

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SAN FRANCISCO, July 11, 2023 /PRNewswire/ — The global retail logistics market size is anticipated to reach USD 626.59 billion by 2030, registering a CAGR of 12.5% over the forecast period, according to a new report by Grand View Research, Inc. The growth is likely to be driven by new last-mile delivery methods, such as the introduction of the Internet of Things (IoT), the use of data analytics, and urban warehousing, among others, in the supply chain. An IoT-based supply chain connects much technical equipment using sensors, allowing for real-time data collecting on critical aspects such as filing rate and temperature. IoT-based supply chain solutions also provide merchants with unprecedented inventory control and accuracy. IoT sensors integrated into warehouses and storage facilities continually check stock levels, initiating replenishment orders automatically when specific criteria are achieved. This data-driven strategy reduces stockouts and overstocks while optimizing inventory levels and lowering carrying costs.
Key Industry Insights & Findings from the report:
Due to rising internet penetration and increased worldwide trade activities, the retail logistics industry is expected to develop significantly during the projected period.The conventional retail logistics segment held a substantial market share in 2022, due to the growing preference of customers; who relied less on the Internet and favored shopping in traditional brick-and-mortar stores.The supply chain solution segment accounted for a notable market share in 2022 as a result of the increased adoption of cloud-based solutions in supply chain management. These solutions enabled retail companies to effectively track and optimize transportation as well as efficiently manage returns.The roadways segment emerged as the dominant market player in 2022 within the mode of transport segment. This can be attributed to the rising demand for road vehicles in the transportation of retail products over long distances, especially within domestic regions.In terms of regional share, the Asia Pacific region led the market in 2022 and is projected to grow significantly during the forecast period. The presence of a significant consumer base for retail items is accelerating the expansion in the region.The leading market players’ principal strategies consist of partnerships & collaborations, mergers & acquisitions, and expansions among others. For instance, in October 2022, Boohoo Group plc, a UK-based fashion retailer with annual sales exceeding $2.4 billion, selected DHL Supply Chain, a contract logistics firm and a subsidiary of Deutsche Post DHL Group based out in Germany, to oversee its inaugural distribution center in the United States. DHL Supply Chain will offer warehousing solutions to support Boohoo’s anticipated expansion in the US market.Read  full market research report, “Retail Logistics Market Size, Share & Trends Analysis Report By Type (Conventional Retail Logistics, E-commerce Retail Logistics), By Solution, By Mode Of Transport, By Region, And Segment Forecasts, 2023 – 2030”, published by Grand View Research.
Retail Logistics Market Growth & Trends
Customers can also benefit from technical improvements such as intelligent distribution robots and automated sorting systems, ushering in a new era of smart logistics. Key firms can comprehend the genuine demands of customers faster and more accurately owing to t the majority of the links in the new retail format that have been digitalized and are readily available in real-time, combined with the usage of new technologies such as machine learning (ML), big data, and artificial intelligence (AI).
Moreover, AI and ML algorithms may improve logistics planning in various ways, including route planning, fleet management, and delivery scheduling. AI-powered systems construct optimal delivery routes by considering elements such as traffic conditions, delivery time windows, and vehicle capacity, lowering transportation costs and enhancing operational efficiency. Advanced AI algorithms may also optimize resource allocation, such as warehouses, labor, and transportation, to simplify operations and satisfy consumer needs cost-effectively.
To update existing retail formats, retail firms and traditional distribution channels should focus on B2C e-commerce, self-service vending machines, B2B wholesale distribution, and O2O. Additionally, factors such as growing globalization, an increase in international retailing, and an improvement in the economy owing to the increasing tax-generated revenue from the goods imported and exported are expected to assist the industry’s growth in the coming years.
The rapid expansion of retail e-commerce has opened up several new opportunities for new and prominent players in the market. However, retail e-commerce is facing several financial and operational issues in recent years. Return shipments are becoming a more common element of logistics processes, thus posing operational issues and the potential to minimize logistic-related costs. Moreover, poor infrastructure can hinder the market’s growth by making market participants hesitant to spend and expand.
Retail Logistics Market Report Scope 
Report Attribute
Details
Market size value in 2023
USD 274.31 billion
Revenue forecast in 2030
USD 626.59 billion
Growth rate
CAGR of 12.5% from 2023 to 2030
Base year for estimation
2022
Historical data
2017 – 2021
Forecast period
2023 – 2030
 
Retail Logistics Market Segmentation
Grand View Research has segmented the global retail logistics market based on type, solution, mode of transport, and region:
Retail Logistics Market – Type Outlook (Revenue, USD Billion, 2017 – 2030)
Conventional Retail LogisticsE-commerce Retail LogisticsRetail Logistics Market – Solution Outlook (Revenue, USD Billion, 2017 – 2030)
Commerce EnablementSupply Chain SolutionsReverse Logistics & LiquidationTransportation ManagementOthersRetail Logistics Market – Mode of Transport Outlook (Revenue, USD Billion, 2017 – 2030)
RailwaysAirwaysRoadwaysWaterwaysRetail Logistics Market – Regional Outlook (Revenue, USD Billion, 2017 – 2030)
North AmericaU.S.CanadaEuropeGermanyUKFranceAsia PacificChinaIndiaJapanAustraliaLatin AmericaBrazilMexicoMiddle East & AfricaList of Key Players in the Retail Logistics Market
XPO Logistics, Inc.DSVKuehne + Nagel InternationalC.H. Robinson Worldwide, Inc.Nippon ExpressFedExSchneiderUnited Parcel ServiceAPL Logistics LtdDHL International GmbHA.P. Moller – MaerskCheck out more related studies published by Grand View Research:
Logistics Automation Market – The global logistics automation market size is expected to reach USD 90.00 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to witness a CAGR of 14.7% over the forecast period. Logistics operations are critical factors in the smooth functioning of the supply chain of any business, especially low-margin, high-volume businesses. The logistics sector is witnessing a continuous increase in investments with a significant emphasis on the automation of several logistics functions. Automation enhances efficiency and aids in integrating supply chains; thus, automation is increasingly getting adopted across sectors. The growing tendency of the logistics industry towards adopting automation solutions is one of the significant factors driving the growth of the logistics automation industry.Connected Logistics Market – The global connected logistics market size is expected to reach USD 86.57 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to witness a CAGR of 14.5% in the forecast period. The term ‘connected logistics’ refers to a collection of tools, and platforms, including hardware and software, that enable real-time tracking of commodities sent by land, rail, air, and sea routes.Secure Logistics Market – The global secure logistics market size is anticipated to reach USD 153.44 billion by 2030, registering a CAGR of 8.9% over the forecast period, according to a new report by Grand View Research, Inc. ATMs play a vital role in maintaining the core banking touchpoint with consumers. Initially, ATMs were introduced to reduce congestion in branches. However, the types of services provided at ATMs have expanded significantly. The increasing trend of introducing cash recycling ATMs is likely to accelerate the ATM market growth. Economic size and population density have a positive impact on the financial sector. The densely populated countries have a higher ATM penetration and higher geographic branch.Browse through Grand View Research’s  Automotive & Transportation Research Reports.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Contact:
Sherry JamesCorporate Sales Specialist, USAGrand View Research, Inc.Phone: 1-415-349-0058Toll Free: 1-888-202-9519Email: [email protected]: https://www.grandviewresearch.comGrand View Compass | Astra ESG SolutionsFollow Us: LinkedIn | Twitter
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QKS Group Names QuestionPro as SPARK Matrix Leader in Both Voice of Customer & Customer Journey Mapping Platforms

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QuestionPro is the only company to lead both categories, a testament to its belief that journey mapping and VoC should be a single holistic process.
AUSTIN, Texas, Sept. 20, 2024 /PRNewswire/ — QuestionPro today announced it has been named a Q3 2024 SPARK Leader in the SPARK MatrixTM analysis of both the global Voice of Customer (VoC) and the Customer Journey Mapping platforms The QKS Group formerly known as Quadrant Knowledge Solutions SPARK Matrix™ provides competitive analysis & ranking of the leading vendors in these markets. 

The QKS Group formerly known as Quadrant Knowledge Solutions SPARK Matrix: Voice of Customer (VoC) and Customer Journey Mapping platforms, Q3, 2024, include a detailed analysis of global market dynamics, vendor landscape, and competitive positioning. The study provides competitive analysis and ranking of the leading platform vendors in the form of its SPARK MatrixTM, providing strategic information for users to evaluate different vendor capabilities, competitive differentiation, and market position.
According to Abhishek Dubey, Analyst, QKS Group, “QuestionPro’s Voice of Customer Platform stands out with its diverse feedback capture methods, such as email, SMS, and intercept surveys, which allow organizations to gather insights from multiple touchpoints for a comprehensive view of customer experiences. The platform’s advanced survey design tools, coupled with Pathos AI for analyzing text and speech data, help transform raw feedback into actionable insights, enabling organizations to understand and respond to customer needs more effectively.
“Its intuitive dashboards facilitate data visualization and trend analysis, while the enhanced case management and journey mapping features streamline customer interactions and feedback loops. These capabilities, combined with a strong focus on innovation and customer-centric improvements, distinguish QuestionPro as a leader in the market, empowering organizations to achieve superior customer satisfaction and loyalty.”
According to Palika S, Analyst at QKS Group, “QuestionPro’s Customer Journey Platform stands out as a sophisticated solution for organizations seeking to gain deep insights into their customers’ experiences. By combining advanced analytics and intuitive visualizations, the platform provides a comprehensive view of the customer journey, from initial touchpoints to post-purchase interactions. The platform’s robust case management features streamline the process of tracking customer interactions and identifying areas for improvement, while its integration with other enterprise systems ensures a seamless and efficient workflow.
“With intuitive dashboards and deep integration with existing CRM systems, QuestionPro’s platform enables organizations to streamline journey orchestration, enhance customer engagement, and drive meaningful outcomes. By providing a comprehensive view of the customer journey, QuestionPro empowers organizations to make data-driven decisions that enhance customer satisfaction, loyalty, and overall business performance.”
“Being named a SPARK Leader for both Voice of Customer (VoC) and Customer Journey Mapping platforms is a testament not only to our dedication to innovation and customer success, but a reflection that our approach is working,” said Ken Peterson, President of CX, QuestionPro. “Yet, to be the leader in both categories reflects our belief that that journey mapping and VOC should be a single holistic process, and we continue to architect our platform to make it easy for customers to integrate VoC and Journey Mapping.”
Both reports are available for complimentary downloads:
SPARK matrix: Customer Journey Mapping (CJM) platform, Q3, 2024: https://questionpro.com/spark-matrix-customer-journey-mapping-2024/SPARK matrix: Voice of Customer (VoC) platform, Q3, 2024: https://questionpro.com/spark-matrix-voice-of-the-customer-2024/About QuestionPro:
Founded in 2006, QuestionPro is a global provider of online survey and research services that help companies make better decisions through data. Our fully integrated online platform includes surveys, research & insights, customer experience (CX) and workforce/employee experience software. We additionally offer polling, journey mapping, employee 360s, and data visualization. Our clientele ranges from small businesses to Fortune 100 companies, who rely on us for insights about customers, employees, and the marketplace. With offices in the US, Canada, Mexico, U.K., Germany, Japan, Australia, the United Arab Emirates and India, we offer customers 24-7 access to highly trained support specialists and engineers. More information is available at www.questionpro.com.
Media ContactJohn Williams, Scoville PR for QuestionPro206.660.5503, [email protected] 
About QKS Group:
QKS Group formerly known as Quadrant Knowledge Solutions is a global advisory and consulting firm focused on helping clients achieve business transformation goals with Strategic Business and Growth advisory services. At QKS Group, our vision is to become an integral part of our client’s business as a strategic knowledge partner. Our research and consulting deliverables are designed to provide comprehensive information and strategic insights for helping clients formulate growth strategies to survive and thrive in ever-changing business environments.
For more available research, please visit https://qksgroup.com/ 
Contact:Shraddha RoyPR & Media RelationsQKS GroupRegus Business Center35 Village Road, Suite 100,Middleton Massachusetts 01949United StatesEmail: [email protected] Source: https://qksgroup.com/resources/newsroom/quadrant-knowledge-solutions-names-questionpro-as-spark-matrix-leader-in-both-voice-of-customer-customer-journey-mapping-platforms?id=773
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Huawei Cloud Stack Interprets Its National Government Cloud Reference Architecture, Helping Global Governments Thrive on the Cloud

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SHANGHAI, Sept. 20, 2024 /PRNewswire/ — At HUAWEI CONNECT 2024, the Huawei Cloud Stack Roundtable for Global Government CIOs, with the theme, “Dive into Cloud and Thrive with Intelligence”, was held. Digital economy leaders from 20 countries in Asia Pacific, Africa, Middle East, Central Asia, and Latin America convened to share their digital visions and successful experiences running government services on the cloud. Shang Haifeng, the CEO of Huawei Mainframe Modernization BU and President of Huawei Hybrid Cloud, and Wind Li, Vice President of Huawei and CEO of Global Public BU.

Digital technologies are propelling global development. More than 170 countries have launched digital development strategies, and over 50 countries have initiated AI strategies. Top authorities of many countries have realized the importance of digital transformation. Shang Haifeng, CEO of Huawei Mainframe Modernization BU and President of Huawei Hybrid Cloud, emphasized, “Huawei Cloud is at the forefront of global digitalization. We have delivered more than 800 government cloud projects across more than 120 countries and regions. Huawei Cloud Stack is dedicated to supporting the digital future of nations and driving intelligent transformation of government and enterprise customers with innovative technologies and solutions like AI and the national government cloud solution.”
At the forum, Wind Li, Vice President of Huawei and CEO of Global Public BU, stated that Huawei’s innovative technologies and solutions are continuously driving more efficient public services and transforming government service models, contributing to the high-quality development of the digital economy. He emphasized: “Diving into cloud is not just technological advancement; it is also a key force in innovating government service models and propelling the development of the digital economy. With these emerging technologies, the experience of public services, the efficiency of government collaboration, and the precision of government governance will be comprehensively enhanced, providing strong support for the sustainable development of the economy and society.”
As many countries are pushing forwards cloud native adoption, building secure, compliant, and efficient government clouds to accelerate innovation remains a significant challenge. Drawing on extensive experience, Huawei Cloud Stack provides a national government cloud reference architecture for three types of clouds: security clouds, government clouds, and public clouds. Hu Hang, General Manager for International Business of Huawei Hybrid Cloud, interpreted the reference architecture, saying, “Huawei Cloud Stack, with its trusted cloud infrastructure, data-AI convergency platform, and AI-Native cloud, forges a core cloud foundation for the Huawei National Cloud 2.0 solution. Deployed on-premises, we provide over 120 essential cloud services and more than 40 scenario-specific solutions to help governments achieve their national digital visions faster.”
Hu Hang also announced the official launch of Huawei Cloud Stack’s Government Leap Program where three major leaps are involved:
Scenario leap: Huawei will work with customers and partners to create over 10 scenario-specific benchmarks centered around data governance, disaster recovery, cloud security, and AI and drive the modernization of government applications.
Migration leap: Huawei will offer free virtualization migration tools, covering 500+ mainstream operating systems. They will provide exclusive business incentives for the first 50 customers migrating to Huawei Cloud Stack.
Industry leap: Huawei will help customers create more than 100 industry benchmarks to improve their industry influence. They will also collaborate with customers on the publication of white papers to showcase industry-leading practices and promote industry development.
Wongkot Vijacksungsithi, Senior Executive Vice President of National Telecom (NT) in Thailand, detailed the Thailand government’s journey with the “Cloud First” national initiative, highlighting strategic collaboration with Huawei Cloud Stack. Together, they established a national cloud data center that serves as a unified platform for 205 government departments, significantly enhancing service delivery and resource management efficiency. Leveraging Huawei Cloud Stack, the Government Data Center and Cloud (GDCC) system operated by NT now manages cloud resources flexibly and efficiently, propelling the Thailand’s digital government transformation. This saves them THB800 million in annual operational costs for digital infrastructure.
At the roundtable, Kelvin Kibiwott Kiprop, CIO of KoTDA, outlined the digital strategy for Konza Smart City, emphasizing that cloud and AI are pivotal to smart city evolution. In a strategic alliance with Huawei Cloud Stack, Konza has established Kenya’s first Tier-3 cloud data center, facilitating the cloud migration of over 70 core government and enterprise applications in Konza. Looking ahead, Konza is set to intensify its partnership with Huawei Cloud by developing more digital services like a smart customer service and intelligent government OA system. These initiatives aim to address user needs across diverse scenarios and drive forward Kenya’s digital economy.
Since 2024, Huawei has initiated the “Leap2Cloud” initiative, inviting global government and enterprise customers to dive into cloud and unlock its vast potential. Throughout this journey, many pioneering government customers have collaborated with Huawei to innovate on the cloud, improving public services, fostering economic growth, and refining governance. At this roundtable, Huawei Cloud honored these pioneers with the “Leap2Cloud Distinguished Government Innovation Pioneer Awards”, expressing the gratitude for their enduring support and trust. Huawei Cloud looks forward to scaling new heights of innovation together with the partners in the future.
With innovative technologies and numerous industry-specific solutions, Huawei Cloud Stack provides a preferred hybrid cloud for more than 5,500 government and enterprise customers around the world. Moving forward, Huawei Cloud remains committed to promoting global digital transformation and driving the digital economy’s quality growth with cutting-edge tech and superior services.
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ACL Digital Unveils Expansion Plans With Its New Office in Hyderabad

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SANTA CLARA, Calif., Sept. 20, 2024 /PRNewswire/ — ACL Digital, an ALTEN group company and leader in design-led digital experiences, innovation, enterprise IT modernization, and product engineering services, is thrilled to announce the grand opening of its new office in Hyderabad.

This strategic expansion perfectly aligns with ACL Digital’s growth strategy and the region’s increasing demand for cutting-edge semiconductor design services. The Hyderabad center will enable clients in Hyderabad and globally to access end-to-end semiconductor capabilities around ASIC and FPGA design, services, verification, validation, and physical design/DFT solutions.
Shri Duddilla Sridhar Babu, Hon’ble Minister for IT, Electronics & Communications; Industries & Commerce and Legislative Affairs, Government of Telangana, inaugurated this new office at The Headquarters, 6th floor, The Orbit by Auro Realty, Knowledge City, Raidurg, Hyderabad on Friday, September 20, 2024.
The new facility further strengthens ACL Digital’s commitment to advancing semiconductor innovation and helping clients maximize value in a rapidly evolving industry.
Ramandeep Singh, CEO of ACL Digital, expressed his enthusiasm about the expansion, stating, “Our new office in Hyderabad signifies a major milestone in our growth journey. This expansion of our capabilities and capacity not only deepens our expertise in the semiconductor industry but also reflects our strategic vision to be at the forefront of technological advancement. We are excited about the possibilities this expansion brings and are committed to delivering exceptional value to our clients in Hyderabad while contributing to the region’s technological advancement.”
ACL Digital looks forward to discussing its future expansion plans and welcomes potential collaboration and support from the government. The company is excited about contributing to the growth and prosperity of Telangana, strengthening the region’s position as a prominent hub for IT excellence and technological innovation.
About ACL Digital
ACL Digital, an ALTEN Group Company, is a leader in digital product innovation and engineering. We help our clients design and build innovative products (AI, Cloud, and Mobile ready), content and commerce-driven platforms, and connected, converged digital experiences for the modern world through a design-led Digital Transformation framework.
Headquartered in Silicon Valley, ACL Digital is a leader in design-led digital experience, innovation, enterprise modernization, and product engineering services converging to Technology, Media & Telecom. We are a talented workforce and part of the 57,000+ employee ALTEN Group, spread across more than 30 countries, offering a multicultural workplace and a collaborative knowledge environment.
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