Multicarrier Parcel Management Solutions Statistics, Trends And Facts 2023

Multicarrier Parcel Management Solutions Statistics

Statistics	Details
Total number of Multicarrier Parcel Management Solutions Statistics	27
Shipping expenses eligible for refund due to carriers’ failure to meet obligations	Up to 5%
Forecasted growth of the Global Multicarrier Parcel Management Solutions Market in 2023	Significant change from the previous year
Industry Insights, Estimated Yield, Recent Developments and Forecast to 2026 with Leading Regions and Countries Data	Available
Savings achievable	Up to 25%
Improvement in processing of large shipments	50%
Zero service level interruption to current customers for Master Lock shipments	Delivered
Forecasted global parcel volume by 2026	Likely to more than double to 220 262 billion parcels shipped annually
Reduced overall parcel shipping costs by 14% by leveraging Enveyo Insights analytics & reporting solution	Achieved
Parcel delivery cost reduction by up to 8% using nShift Delivery Management	Possible
Percentage of retailers worldwide planning to offer sameday delivery by 2025	99%
Retailers offering same day delivery currently	35%
Retailers planning to offer same day delivery within two years	65%
Consumer demand for staying informed throughout the delivery process	93%
Percentage of customers who wouldn’t buy from the company again if delivery visibility is not provided	More than 40%
Importance of multi utilization due to announced carrier GRI averaging 4.9 percent	More important than ever for shippers
Predicted increase in retail sales during the holidays compared to 2017	Up to 4.8%
Global Parcel Spend increase over the last 3 years	48%
Increase in average daily volume for UPS in the first quarter of this year	12.8%
Surge in average daily volume for the business-to-consumer segment for UPS	77.6%
Predicted rise in online sales this year for UPS	12.7%
Expected arrival of growth milestone for e-commerce	2023
Expected percentage of growth to come from e-commerce	86%
Increase in the number of unique digital shoppers according to a Global Shopping Index report published by Salesforce	40% year over year
Percentage of shoppers buying from more online retailers today than they did a year ago	70%
Revenue growth for OnTrac, a Western regional parcel carrier, last year	34.6%
Percentage of OnTrac’s deliveries to residential addresses	86%
Projected annual online growth for OnTrac	15% to 16%

• Over 60% of e-commerce businesses use a multicarrier parcel management solution to streamline their shipping process.
• The global market for multicarrier parcel management solutions is expected to reach $3.96 billion by 2025.
• In 2020, the average number of packages shipped per day using a multicarrier parcel management solution was 500.

Facts

• Multicarrier parcel management solutions allow businesses to easily compare shipping rates and delivery times across multiple carriers.
• These solutions can help reduce shipping costs and improve delivery times, leading to increased customer satisfaction.
• Multicarrier parcel management solutions can integrate with e-commerce platforms, warehouse management systems, and other software to provide a complete shipping solution.

Benefits

• Reduced shipping costs by comparing rates across multiple carriers
• Improved delivery times and increased customer satisfaction
• Increased efficiency through automation of shipping processes
• Improved visibility into the shipping process with real-time tracking information

Trends

• The use of multicarrier parcel management solutions is increasing as e-commerce continues to grow.
• More businesses are turning to cloud-based solutions for their shipping needs.
• The use of artificial intelligence and machine learning is becoming more prevalent in the parcel management industry.

Adoption

• Small and medium-sized businesses can benefit greatly from implementing a multicarrier parcel management solution.
• Large enterprises can also benefit from the increased efficiency and cost savings provided by these solutions.
• Multicarrier parcel management solutions are becoming a standard for businesses that ship large volumes of packages.

Market Analysis

• The global market for multicarrier parcel management solutions is highly competitive, with numerous players offering a variety of solutions.
• North America is currently the largest market for these solutions, followed by Europe and Asia-Pacific.
• The market is expected to continue to grow as e-commerce continues to expand.

Demographics

• Multicarrier parcel management solutions are used by businesses of all sizes and industries.
• These solutions are particularly popular among e-commerce businesses, as they can help streamline the shipping process.

Software

• Multicarrier parcel management solutions can integrate with a variety of software, including e-commerce platforms, warehouse management systems, and transportation management systems.
• These solutions often include real-time tracking information and reporting capabilities.

Opportunities

• The continued growth of e-commerce presents a significant opportunity for the multicarrier parcel management industry.
• The integration of artificial intelligence and machine learning into these solutions presents an opportunity for increased efficiency and cost savings.

Challenges

• The highly competitive nature of the industry can make it difficult for new players to enter the market.
• The integration of these solutions with existing software can be complex and time-consuming.

FAQ

Q: What is a multicarrier parcel management solution? A: A multicarrier parcel management solution is a software platform that allows businesses to easily compare shipping rates and delivery times across multiple carriers.

Q: How can a multicarrier parcel management solution benefit my business? A: Multicarrier parcel management solutions can help reduce shipping costs, improve delivery times, and provide increased visibility into the shipping process.

Q: What industries can benefit from a multicarrier parcel management solution? A: Multicarrier parcel management solutions can be used by businesses of all sizes and industries, but are particularly popular among e-commerce businesses.

Q: What are some trends in the multicarrier parcel management industry? A: The use of cloud-based solutions, artificial intelligence, and machine learning are becoming more prevalent in the industry.