Order Fulfillment Services Industry Procurement Intelligence, Supplier Intelligence 2020 – 2027
Procurement Outlook Order fulfillment is the process of receiving, processing, and delivering orders to end customers. A third-party company provides these order fulfillment services on behalf of its customers, such as an online seller. Key order fulfillment services can be categorized into the following broad categories: · Order receiving · Inventory storage · Order processing · Shipping · Return processing Demand Outlook The global order fulfillment services market was valued at USD 78 billion in 2020 and it is expected to grow at a CAGR of 10% from 2020 to 2027 due to the rise in the number of online buyers, especially in emerging economies. By service type, shipping is the largest segment in the global order fulfillment industry with more than 40% revenue share followed by warehousing and inbound-outbound ser...