New e-Commerce Logistics Report Gets Backing of Freight Forwarding Group
UK – HONG KONG – WORLDWIDE – The Covid-19 pandemic has changed the landscape of logistics and now Transport Intelligence (Ti) has prepared a new report, Global e-commerce Logistics 2021, assessing what it describes as a ‘phenomenal year of growth’. The report aims to provide an in depth analysis of the current trends and challenges retailers, LSPs and last mile providers face, with considering how the market must sustain high service levels while managing persistently higher volumes and investing to adapt to the new retail landscape. The report goes into some detail, breaking down the e-commerce market by structure, channel and region, assessing how the disease has affected fulfilment and last mile services and costs and how the provision of logistics services is changing as a result of the need to rapidly scale up online retail operations plus the changes in consumer behaviour necessitated by the move online.
Hong Kong headquartered international freight forwarding and logistics company the U-Freight Group says it has taken heart from the report which suggests the global e-commerce logistics market grew by 27.3% in 2020 and will hit EUR557 billion by 2025, with CEO Simon Wong saying: “Transport intelligence is a major provider of market research solutions to the global logistics industry and says e-commerce has been one of the key growth sectors for logistics over the course of the pandemic with the rise in demand creating opportunities for LSPs and last mile providers to grow rapidly, as long as they can help retailers react to the changes in consumer demands and manage wildly changing trading conditions. “That mirrors the U-Freight Group’s experience over the last 12 months where changes in demand patterns associated with the ongoing emergence of e-commerce, is also driving development in merchandising, warehousing, and distribution patterns.
It certainly helps to justify our company’s early entry and on-going investment to meet the ever-increasing challenges of providing logistics services to this rapidly expanding sector of global trade. “Examples of [our company’s] efforts trying to address the key issues stemming from increasing volumes of business-to-business (B2B) and business-to-consumer (B2C) e-commerce shipments and the time sensitivity thereof include investment in several of the company’s warehouse facilities to enable them to act as e-commerce fulfilment centres. “We are a logistics partner of choice for the growing number of online channels and platforms which entrepreneurs are using to sell their own designs and products, including global e-commerce shipping platforms, and are heavily involved in the Fulfilled by Amazon programme in several countries.
“In 2019, we launched e+Solutions, a new product to assist small businesses with their e-commerce logistics needs.
We have also been qualified by China Customs and CIQ (China Inspection and Quarantine) as a licensed Cross-border E-Commerce Enterprise and as a Cross-Border E-Commerce Logistics Service Provider.
All of these initiatives are helping us boost efficiency and capture more value, in order to capitalise on the opportunities that e-commerce is presenting.”
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