Local Delivery Commercial Telematics System Subscriptions to More than Double from 2021 to 2026.
ENPNewswire-September 29, 2021--Local Delivery Commercial Telematics System Subscriptions to More than Double from 2021 to 2026
(C)2021 ENPublishing - http://www.enpublishing.co.uk
Release date- 28092021 - Nearly 19% of total global retail sales to be online in 2021, emphasizing last mile's exponential growth/
The extensive cost of last mile delivery often leads to a lack of profitability, with over 50% of shipping costs attributed to last mile alone. The increasing demand for e-commerce and rising consumer expectations has placed greater pressure on companies to expedite delivery while keeping costs low. Consequently, the last mile market is seeing a push in the adoption of autonomous technology across multiple regions and form factors, such as commercial telematics systems. These systems address efficiency challenges through advanced route optimization, location intelligence, prognostics, and preventative maintenance. According to global technology intelligence firm ABI Research, local delivery commercial telematic system subscriptions will more than double over the next five years to reach 1.2 million by 2026.
'The COVID-19 pandemic fast-forwarded online retail worldwide by five years. Retailers and fleets must accommodate surging demand, along with increasing customer expectations for service. Yet too many businesses continue to use outdated systems and broken processes, lacking a seamless information flow,' explains Susan Beardslee, Principal Analyst, Supply Chain Management and Logistics at ABI Research. At the same time driver shortages, rising insurance costs, and the complexity of fulfillment complicate the path forward.
In addition to commercial telematics, one solution in suburban and urban location has been the use of Autonomous Mobile Robots (AMRs) such as Nuro, Starship Technologies and the Amazon...
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