This Week In E-Commerce - Fulfillment Services Market Poised For Major Growth By 2030
Reviewed by Simply Wall St
The e-commerce fulfillment services market is projected to grow significantly, reaching an estimated value of USD 272.14 billion by 2030. This growth is driven by the global expansion of internet accessibility and the rising number of online shoppers, leading to increased demand for faster delivery solutions. Established e-commerce players have optimized their logistics with strategically located fulfillment centers to meet such demands, enhancing efficiencies in last-mile delivery. The surge in e-commerce startups and small to medium-sized enterprises increasingly relies on third-party fulfillment services to manage their distribution challenges, fueling market growth. As a result, a competitive landscape has emerged with various service providers, including ShipBob, Red Stag Fulfillment, and ShipMonk, offering comprehensive solutions akin to those of major players like Amazon.
- Amazon.com (NasdaqGS:AMZN) last closed at $223.35 up 2.6%, near its 52-week high.
In other market news, Currys (LSE:CURY) was a standout up 10.7% and ending trading at £0.91. This week, Currys announced plans to declare a final dividend of about 1.3 pence per share, highlighting strong cash flow and business momentum. In the meantime, Buckle (NYSE:BKE) lagged, down 6.4% to close at $48.35.
Best E-Commerce Stocks
- Adobe (NasdaqGS:ADBE) ended the day at $417.28 up 1.1%, hovering around its 52-week low. Two days ago, Adobe launched the Creative Skills Academy in the UK to enhance AI skills among learners as part of its global initiative.
- Alibaba Group Holding (NYSE:BABA) settled at $82.44 up 0.9%.
- NIKE (NYSE:NKE) settled at $71.07 down 0.1%, near its 52-week low.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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About NYSE:BABA
Alibaba Group Holding
Through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally.
Very undervalued with flawless balance sheet.