April 12, 2023
2 mins read

India’s e-commerce logistics industry is booming

Despite intensifying competition threats, Delhivery remains the largest player in the e-logistics space by a comfortable margin…reports Asian Lite News

India’s e-commerce logistics industry saw total shipments reaching to 4 billion in FY23, riding on new categories, direct-to-consumer (D2C) brands along with continued growth in smaller cities, a report showed on Tuesday.

India’s e-commerce logistics space is on track to comfortably exceed 10 billion shipments by FY28 at a minimum compound annual growth rate (CAGR) of 20 per cent, according to the latest report by Redseer Strategy Consultants.

Despite intensifying competition threats, Delhivery remains the largest player in the e-logistics space by a comfortable margin.

“Despite funding headwinds in e-commerce/internet sectors, there are multiple pockets of high growth and high yield opportunities available for e-logistics players, be in D2C or large goods or non-ecommerce segments,” said Mrigank Gutgutia, Partner, Redseer Strategy Consultants.

D2C brands across channels are expected to grow overall GMV at 35 per cent in next few years, with brand.com accounting for a significant share of this growth.

A total of $33 billion of GMV is expected to be generated from D2C brands across all channels by CY27.

Logistics players with relevant and customised offerings for D2C brands are well-positioned to capture market share in this high growth segment as well as have a stronger yield profile going forward, the report said.

“Players who build robust capabilities and offerings to serve this demand effectively will fundamentally be more resilient in these challenging times and will be better positioned for long term market share and yield leadership,” Gutgutia noted.

Meanwhile, the Confederation of All India Traders (CAIT) has demanded an empowered Regulatory Authority to monitor and regulate the e-commerce trade in the country.

The CAIT has strongly pitched for six basic fundamentals needed for e-commerce policy and the rules under the Consumer Protection Act.

In a communication sent to Union Commerce & Consumer Affairs Minister Piyush Goyal, the CAIT said six fundamentals are necessary for a robust growth of e-commerce which include transparent operations of e-commerce platforms; easy accessibility and adequate grievance redressal by e-commerce entities; non- discriminatory access of marketplace platforms to all stakeholders of the value-chain; avoidance of conflict of interest between marketplace platforms; sellers and various service providers on the platform and formation of an empowered Regulatory Authority to monitor and regulate the e-commerce trade in India.

ALSO READ: India yet to decide on inviting Zelenskyy for G20

Previous Story

Mumbai thrash Capitals in last-ball thriller

Next Story

Tim Cook set to unveil India’s first Apple store

Latest from India News

FS Misri in US to Boost Tech, Trade Ties

The meeting, held in Washington, focused on strengthening existing frameworks and building momentum on key tech and trade initiatives…reports Asian Lite News Foreign Secretary Vikram Misri on Wednesday (India time) met with

India Targets Pak Terror Ties in Guyana

The delegation met the Guyanese President, Mohamed Irfaan Ali, who had hosted a dinner to celebrate friendship and shared aspirations between the two nations…reports Asian Lite News Congress leader Shashi Tharoor, currently

EU Vows US Trade Deal

European Commission President Ursula von der Leyen phoned Trump on Sunday, after which he agreed to postpone the planned tariff increase until July 9….reports Asian Lite News The European Commission remains “fully

India Rejects Pak’s Proxy War Play

The delegation is in Qatar to share the details about India’s Operation Sindoor and also to make startling disclosures about Pakistan-sponsored terrorism…reports Asian Lite News Congress MP Manish Tiwari, a member of

Top Indian Officials Head to Washington

The visit, likely next week, follows US President Trump’s claims that his administration helped broker the recent India-Pakistan ceasefire….reports Asian Lite News Top sources revealed on Sunday that Foreign Secretary Vikram Misri
Go toTop

Don't Miss

Security of former J&K CMs scaled down in Srinagar

Under the new arrangement, the former chief ministers will not

’10 lakh jobs in 18 months’

Prime Minister Narendra Modi has instructed to fill 10 lakh