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topicnews · October 24, 2024

Revolutionizing delivery with record speeds and world-class benefits

Revolutionizing delivery with record speeds and world-class benefits

We recently published a list The 7 Best Delivery Stocks to Invest In Now. In this article, we’ll take a look at where Amazon.com Inc. (NASDAQ:AMZN) stands compared to other best delivery stocks to invest in right now.

The delivery and courier industry is diverse and includes a wide range of services that connect businesses and consumers through different shipping methods. Parcel delivery services are a key component, with companies offering both domestic and international shipping options, driven by the rise of e-commerce.

Another important segment is food delivery platforms. These platforms connect hungry customers with local restaurants, creating a new business model based on convenience. Overall, the delivery industry is evolving rapidly, with various players working to meet growing expectations for speed and reliability in shipping services.

According to Zion Market Research, the global on-demand delivery market was valued at $15.19 billion in 2023. Looking forward, the market is expected to grow at a compound annual growth rate (CAGR) of 20.90% to reach $83.82 billion during 2024-2032 by the end of the forecast period. In 2023, Asia Pacific led the market in terms of revenue and is expected to maintain its dominance throughout the forecast period.

Also Read: 7 Best Stocks to Buy for Long Term and 8 Cheap Jim Cramer Stocks to Invest In

This growth is being driven by increasing consumer expectations for fast and reliable delivery services, particularly same-day and next-day options. Experts emphasize that the demand for fast deliveries has led to significant investments in last-mile delivery solutions and advanced technologies such as automation and artificial intelligence (AI).

According to recent data from Digital Commerce 360 ​​and Bizrate Insights, consumers in 2024 will continue to value free and fast shipping on their online orders. A survey of 1,013 online shoppers found that 81.34% consider free shipping to be their top priority when making deliveries. Fast shipping follows closely behind, the importance of which was highlighted by 68.41% of those surveyed. Additionally, 55.68% of consumers emphasized the need for retailers to keep products in stock and ready to ship.

AI and automation are key trends that are significantly transforming the delivery services industry and can make operations more efficient and responsive to consumer demands. For example, companies like DHL Express have launched DHLBot in Singapore and South Korea. The DHLBot is an AI-powered robotic arm that can sort over 1,000 small packages per hour with 99% accuracy. This technology not only speeds up the sorting process, but also reduces labor costs and minimizes errors, enabling faster deliveries.

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