The e-commerce phenomenon is changing many aspects of everyday life, and the actual motion of products is no exception.Parcel shipping income increased 11 percent to$279 billion in 2015 compared with 2016, inning accordance with the Pitney Bowes Parcel Shipping Index. The report, put together by Pitney Bowes Inc., an international technology company that offers services in the locations of e-commerce, shipping, mailing and data, includes shipping-related insights across 13 countries representing 3.7 billion people.The report stated, globally, parcel volume increased 17 percent in 2017 to 74.4 billion parcels from 63.6 billion a year previously. On average, 22 parcels were shipped per individual around the globe, with 2,300 parcels shipped every second. China reported the largest parcel volume development at 28 percent year-over-year.”China continues to have the best effect on the growing shipping market in terms of outright scale and development,”stated Lila Snyder, president of commerce services at Pitney Bowes.”Worldwide, e-commerce continues to drive development in all regions. Worldwide e-commerce giants continue to raise the bar, resetting customer expectations when it comes to shipping. As retailers and markets race to keep up with increasing consumer expectations, providers should develop efficient, seamless services that provide in a world of’ fast and free’ e-commerce shipping.” The index forecasts international shipping volume to surpass 100 billion parcels in 2020 in aggregate throughout the 13 covered nations– Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Norway, Sweden, the U.K. and U.S.China (40.1 billion parcels ), the United States (11.9 billion)and Japan( 9.6 billion)represented the top 3 countries for parcel shipping volume in 2017. China’s parcel shipments represent 53 percent of the overall shipments in the total index.The U.S. ranked highest in parcel shipping revenue at $107 billion, generating 38 percent of the overall earnings of the 13 countries. China, at $73 billion, and Japan with$25 billion, were next. The typical shipping cost of a parcel was $8.95 in the U.S., compared to$1.83 in China and $2.64 in Japan.Despite slower parcel volume development from the previous four years, China represented the biggest market in parcel volume in year-over-year development at 28 percent, followed by India at 11 percent and Sweden at 9 percent. The U.S. shipped 11.9 billion parcels, an 8
percent gain from the previous year. This represents an average of 37 parcels delivered per individual for the year.Japan topped per capita shipping with 76 parcels per individual in 2017, with the U.K. shipping 48 parcels per person and Germany at 41. The Pitney Bowes Parcel Shipping Index measures parcel volume and spend for business-to-business, business-to-consumer, consumer-to-business and consumer consigned shipments with weight approximately 70 pounds. Population information points were sourced from the International Monetary Fund, World Economic Outlook Database released in October 2017. Editor’s Note: This story was reported by FN’s sis publication Sourcing Journal. For more, see Sourcingjournal.com.