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The last mile delivery market size is forecast to increase by USD 60.82 billion at a CAGR of 5.12% between 2023 and 2028. Last mile delivery, the final leg of the supply chain connecting warehouses or transportation hubs to delivery destinations, is a critical component of food delivery services. The industry's growth is driven by the expanding e-commerce sector and the increasing focus on technological advances. Cloud kitchens and food delivery platforms have gained significant traction, enabling efficient order processing and faster delivery times. However, last mile delivery companies face operational challenges, including route optimization and company costs. Mobile applications play a crucial role in streamlining operations, allowing real-time tracking and communication between drivers and customers. Incorporating warehouse and transportation hub strategies can further enhance efficiency and reduce delivery times.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Service
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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