The global Reverse Logistics market is anticipated to grow at a CAGR of 8.0% during the forecast period (2023-2030). Reverse logistics is the process of managing the flow of products, materials, and information from the point of consumption back to the point of origin. This can include activities such as product returns, recalls, repairs, and recycling. It is an important part of the supply chain in a variety of industries, including automotive, electronics, pharmaceuticals, and others.
Browse the full report description of “Reverse Logistics Market Size, Share & Trends Analysis Report by Return Type (Recalls, Commercial Returns, Repairable Returns, End-of-use Returns, and End of life return), by End-User (E-Commerce, Retail, Automotive, Consumer Electronics, Pharmaceutical, and Other), and by Service (Transportation, Warehousing, Reselling, Replacement Management, Refund Management Authorization, and Others), Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/reverse-logistics-market
The increased innovation and the development of automation technologies are some of the major factors driving the growth of the market. Some of the major automation technologies including artificial intelligence (AI), Internet-of-Things (IoT), automatic data capture, and traceability software are used in reverse logistics which further optimize the returns process and improve efficiency. For instance, in January 2022, Berkshire Grey, Inc. introduced artificial intelligence (AI)-enabled reverse logistics solutions designed to help retailers accelerate the resale of returned goods and improve labor utilization in the returns process. This solution helps decrease markdowns by speeding up returns processing to get goods back into inventory or moved to refurbishment up to 25% faster than manual processing. The solution also includes Berkshire Grey’s robotic product sortation with identification (RPSI) and robotic shuttle put wall (RSPW) systems, both of which are specifically configured to efficiently process returns.
Market Coverage
• The market number available for – 2023-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Return Type
o By End-User
o By Service
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- CCR Logistics Systems AG, Deutsche Bahn AG, C.H. Robinson Worldwide, Inc., Deutsche Post DHL Group, and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Reverse Logistics Market Report Segment
By Return Type
By End-User
By Service
Global Reverse Logistics Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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