Iraq E-commerce Logistics and Warehousing Market Growth 2023, Rising Trends, Revenue, CAGR Status, Challenges and Future Opportunities to 2032: SPER Market Research
E-commerce logistics and warehousing are critical components of online purchasing and delivery. When we purchase something online, they must be delivered from the seller’s location to ours. This is where e-commerce logistics enters the picture. The process of controlling the movement of products from vendor to client is known as logistics. It comprises tasks including order processing, packaging, transportation, and delivery. Warehousing, on the other hand, is the storage and management of goods before they are delivered to customers. When we place an online order, the vendor usually has a warehouse where the items are stored.
According to SPER market research, ‘Iraq E-commerce Logistics and Warehousing Market Size– By Product Category, By Delivery, By Volumetric Weight, By Payment, By Sourcing, By Gender, By Age Group- Regional Outlook, Competitive Strategies and Segment Forecast to 2032’ state that the Iraq E-commerce Logistics and Warehousing Market is predicted to reach USD XX billion by 2032 with a CAGR of XX%.
The use of the internet in Iraq has continuously expanded, generating chances for the e-commerce industry to grow. In this country, which has a large population and a growing middle class, there is untapped market potential for enterprises to establish themselves and respond to the growing need for e-commerce logistics and warehousing services. Mobile technology use is also high in Iraq, generating opportunities for mobile-based e-commerce platforms and solutions.
However, obstacles such as infrastructure development, such as transportation networks and warehousing facilities, may impede efficient logistics operations. Other challenges include developing secure and dependable payment mechanisms, navigating legal frameworks, and overcoming last-mile delivery concerns. Despite these challenges, the Iraqi e-commerce logistics and storage sector has the potential to grow, benefiting both businesses and customers.
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The spread of COVID-19 has had a tremendous impact on Iraq’s e-commerce logistics and storage industry. With travel restrictions and social segregation in place, there has been a definite shift in consumer behaviour toward online purchase, resulting in an increase in e-commerce activity.
The pandemic has increased the use of e-commerce in Iraq, as buyers have turned to internet channels to suit their shopping demands while limiting personal encounters. This unanticipated spike in online orders has put further strain on e-commerce logistics and warehousing companies to accommodate the increasing amount of shipments. Additionally, some of the market key players are Aramex, DHL, Iraq Post, Mateen Logistics, Sandoog.
For More Information, refer to below link:-
Iraq E-Commerce Logistics and Warehousing Market Outlook
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