Bringoz Industry Weekly 2/11G
lobal eCommerce revenue will continue strong growth in 2024. Starship Technologies raises $90M in funding to fuel robot delivery expansion. Shein plans to grow its U.S. fulfillment and logistics operations. Read about these stories and more in our weekly industry news roundup.
Global eCommerce Revenue to Hit Record-Breaking $3.64T in 2024
Global eCommerce revenue will continue strong growth to $3.64 trillion in 2024 after spiking by 108% during the previous five years, growing from $1.52 trillion in 2018 to $3.15 trillion in 2023, according to new Statista data. This trend is expected to continue through 2028, when global eCommerce revenue is forecast to reach $5.3 billion. The U.S. eCommerce market is projected to gross $930 billion this year, up 15% from 2023. Read more.
Starship Technologies Raises $90M for Robot Delivery Expansion
Starship Technologies has raised $90 million in funding. The company will use the new funds to fuel more geographic expansion, launch a new robot manufacturing scheme to produce its vehicles faster, and continue to invest in its software and logistics services. In the decade since it was co-founded, Starship’s robots have collectively traveled 11 million miles across the U.S. and Europe, making 6 million deliveries. Read more.
Shein Grows U.S. Fulfillment and Logistics Operations
As Shein works toward a U.S. initial public offering, it still intends to push forward with U.S. expansion. On Thursday, the fast-fashion company announced plans for a new fulfillment and logistics facility to be located in the Seattle area. With the new move, Shein hopes to shorten its delivery times in the U.S., enhance the fulfillment process, and improve the customer experience. Read more.
Leverage Technology to Achieve Delivery Efficiency
As businesses grapple with increasing consumer demands, the role of technology in streamlining delivery processes has become more crucial than ever. Advancements in technology have provided companies with digital capabilities to streamline and enhance the entire delivery process. Here’s a look at how businesses can leverage technology to achieve delivery efficiency, increase workforce productivity, and ensure timely and reliable delivery. Read more.
Keeping Up with Evolving Customer Delivery Expectations
As online shopping continues to grow, customer expectations for delivery have shifted dramatically. With the rise of eCommerce giants and innovative startups, customers now demand more than just timely deliveries; they expect convenience, flexibility, and transparency throughout the entire process. Here’s a look at how businesses can keep up with the ever-changing landscape of customer delivery expectations. Read more.
The Role of Technology in Supply Chain Resilience
Supply chains are increasingly vulnerable to a variety of disruptions which have underscored the importance of building resilient supply chains. Technology is playing a pivotal role in enhancing supply chain resilience, enabling companies to adapt, recover, and thrive in the face of adversity. Here’s a look at the critical role of technology in strengthening supply chain resilience and ensuring smooth and continuous supply chain operations. Read more.
Auto Service Centers Adapt to Increasing Demand
Over the past few years, auto service centers have faced numerous challenges, from supply chain delays to worker shortages and increasing demand for services as more consumers repair their vehicles instead of replacing them. The increasing age of vehicles presents both difficulties and advantages for service centers. Here’s a look at some of the challenges and opportunities that auto service centers are encountering. Read more.