Retail & Wholesale

Shoppers' online orders boost British parcel market to £9bn

Family Shopping Online, Ordering Online boosts UK Parcel Market to £9bn - SantanderCB

Shoppers' preference for ordering online has helped boost the size of the UK parcel market to almost £9bn, but fierce competition means carriers are receiving less for deliveries. According to research by consultancy Apex Insight, revenues in the sector increased 6% in 2015. This was underpinned by the continued surge of items sent by businesses to consumers, now the single largest portion of the market, even as the historically larger business-to-business segment declines. 'As home internet shopping inevitably matures, [parcels] growth will be slower in future but there's still a good way to go,' said Frank Proud of Apex Insight. Royal Mail has said that there is about 20% spare capacity in the parcels industry, while data from Ofcom implied a 1% fall in prices in the last financial year.


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