Industry Analysis & Industry Trends
Although companies are increasingly outsourcing order-fulfillment services to industry operators to focus on core business functions, the industry has suffered in the wake of lower trade volumes, slow growth in disposable income and decreased demand from retail trade in the past five years. Declines have been mitigated, however, by rising internet usage and online shopping, which has spurred demand for industry services. The Order Fulfillment Services industry is expected to recover over the five years to 2020 as the US economy strengthens and inventory from American manufacturers, wholesalers and retailers grows.... purchase to read more
Industry Report - Industry Products Chapter
Fulfillment, which is also known as order or product fulfillment, is the process of receiving an order, then shipping the order to the buyer to complete a transaction. To maximize efficiency and reduce operating costs, companies outsource this aspect of operations to firms in the Order Fulfillment Services industry. By outsourcing fulfillment operations, companies are able to spend more resources (e.g. time and money) on other aspects of their business, including product development.
Fulfillment companies provide various services, including storage, order processing, returns and exchanges, and administration. Fulfillment companies that manufacture products are excluded from the industry... purchase to read more