This year’s Parcel Shipping Index results revealed just how staggering 2020 was for the shipping and logistics industries. Notably, consumers continue to shift to make e-commerce the default method of shopping, which we anticipate will continue to pressure the industry in the coming years. With our forecast of global parcel volume doubling to 266 billion parcels in 2026, it’s clear there’s a lot to do across the industry to prepare for continued, exponential growth in the next few years.
2020 was an unprecedented year, and naturally some findings were surprising. One stat that stood out to me was that 2020 was the first year US parcel volume increased at a faster rate than China since the inception of the Shipping Index six years ago. It will be interesting to see how the future plays out as we expect China to be the first country to reach 100 billion parcels by volume.
The Parcel Shipping Index has never been more relevant, and it’s an exciting time to be in such a fast moving and changing industry that is being challenged by demand across the globe.
This article originally appeared in the 2021 International issue of PARCEL.