Wednesday, May 23, 2012
An e-retailing research report commissioned by Goodman Group (Goodman) has highlighted that online shopping now accounts for almost a fifth of all purchases in developed markets and is growing between 15% and 20% per annum. The growth rate in developing economies is far higher, with China for example currently experiencing around 75% growth a year.
The comprehensive research report on the global online shopping market was conducted by Transport Intelligence, one of the leading providers of research on the global logistics industry, and focused on the key areas of:
Take-up rates and popularity of online shopping around the world;
The impact of the growth in e-tailing on logistics operations in developed and undeveloped markets;
The warehousing requirements and operations of some of the main e‐retailing players; and
Factors that will play a role in the growth of the industry
Highlights from the study are today being published in a White Paper entitled ‘Logistics of Online Shopping – Where the Real Opportunities Lie’. Containing the latest stats and insights gained from canvassing the opinions of e-retailers, logistics companies and developers, the report provides the most comprehensive overview of the sector of its kind. The White Paper is available on Goodman’s website, click here to view.The report showed that at a time when retail sales in many markets have been sluggish, internet retailing has grown rapidly and this shift in consumer attitude has brought enormous benefits to the global logistics market. With growth in excess of 10% per annum in developed economies and more than 30% per annum in many less developed areas, e-tailing is at present in the rapid growth phase, with little sign of leveling off, the report said.
This compares with emerging markets such as China, which currently has more than 150 million users, each spending on average US$200 to US$250 a year. The increasing number of middle class Chinese, with rising incomes and greater demand for western goods is seen as the main driver for China becoming a major e-commerce market, which Boston Consulting Group has estimated to be worth around US$305 billion by 2015.Goodman’s Group CEO, Mr Greg Goodman said, “The research has enabled us to better understand the key drivers in the e-retailing market globally and the trends that are shaping the industry, including logistics operators. What is very apparent is that
others such as dedicated e-retailers that rely on the Royal Mail system. The first tend to be built close to urban locations to ensure quick and efficient delivery to their customers, while the second group tend to chose out-of-town sites with more space and higher levels of available labour. Goodman UK Logistics has worked with our customers to successfully deliver both types of warehouses and helped ensure optimum efficiency for their operations.”
As one of the largest global industrial property groups, Goodman has world-class expertise in developing tailored logistics and warehousing solutions, and is a leader in meeting the unique requirements of its e-retailing and logistics customers. To illustrate this, Goodman has delivered more than 581,000 sq m of new warehouse space across nine facilities for Amazon in Europe alone, with a further 225,000 sq m currently being developed across two projects in Germany.
Goodman also recently announced the development of a new 42,410 sq m built-to-suit facility in Tianjin, China for Moonbasa, a major online retailer of ladies fashion and accessories.“The continued rapid growth in e-tailing is a real game changer for our business. We have undertaken a number of developments for the e-tailing sector over the last two to three years which is reflected across our portfolio, making it one of our largest customer groups.” Mr Goodman concluded.