Cross border e-com logistics market records growth: Technavio

Technavio recently launched its latest market research report titled ‘Cross-border e-commerce Logistics Market by Service and Geography-Forecast and Analysis 2021-2025.’ According to the report, the global cross-border e-commerce logistics market size is expected to increase by US$ 44.61 billion between 2020 and 2025, expanding at a CAGR of 11 per cent. The report identifies APAC as the largest market. The major vendors compete on various parameters such as providing innovative solutions such as fulfilment centers closer to the customer location, as per Technavio report. “The presence of a large consumer base for e-commerce product suppliers is creating huge opportunities for market players. The global cross border e-commerce logistics market is fragmented owing to the presence of many regional and international players. The increase in technological innovations is expected to intensify the competition in the market,” read the report