Electronic CommerceMckinseyresearch report

Five things about China’s logistics market in 2022 From Mckinsey

The following is the Five things about China’s logistics market in 2022 From Mckinsey recommended by recordtrend.com. And this article belongs to the classification: Electronic Commerce, research report, Mckinsey .

1. Most logistics companies expect 2022 to be a bumper year

More and more consumers buy more products (many of which are made in China) to upgrade their houses and turn their living space into offices. Last year, the transportation volume of all modes soared, including road freight, containers and air freight. In China, the freight volume has increased by 1%-14% since 2019, and the freight volume on some major trade routes between China and North America is higher.

2. The tide of mergers and acquisitions of third-party logistics enterprises may continue

Freight forwarders and third-party logistics providers have been eager to find ways to meet the demand for their services. Compared with the previous year, the value of logistics M & A activities, initial public offerings and start-up transactions in China soared in 2021, exceeding $7billion. The boundary between freight forwarders and contract logistics suppliers is becoming increasingly blurred.

3. The express industry is plagued by fierce price competition

Although the express market continues to grow rapidly, with an annual growth rate of 30% since the beginning of the epidemic, the fierce price competition led to a decrease of 12% to 27% in the average income of each item delivered through the express channel last year. The average cost of sending a package is now $1.40, much lower than the average delivery cost in the United States ($9).

4. Air cargo demand takes off, thanks to mass customization

The transformation of e-commerce mode is driving the demand for air transportation, which is often an underestimated value driver in the logistics industry. Traditionally, the e-commerce supply chain mainly relies on shipping to deliver bulk products to the destination country in advance, and then the local express delivery supplier takes over the last stop of delivery to the end customer. This model has changed and will continue to change.

5. Warehouse and omni channel are the next frontier of automation technology

Although the labor force is sufficient and the cost is relatively low, China is one of the countries with the highest degree of logistics automation, especially in the field of e-commerce. However, there are still many untapped potentials in Omni channel integration and warehouse technology.

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