How will Investment in Modern Technology catalyze the growth process of the China Logistics Market?: Ken Research
The Chinese Logistics Market was observed to be in the growth stage during the period of 2015-2020 owing to the expanding manufacturing & retail sector, increasing disposable income, and growing value of exports and imports in the country. As per the Ken research findings, the China Logistics Industry has grown at a CAGR of 5.4% between 2015 and 2020, on the basis of revenue. The market has a high potential to boom in the coming years owing to the rising investments in modern technology. How? Let’s find out together!
1. Despite being the 2nd Largest Economy, China lags behind in the Logistics Performance Index with 26th Rank in 2020
2. However, China has the highest revenue from the Logistics Industry owing to its High Global Trade and Growth in Express Delivery Services
3. Recently, the Logistics Industry of China has witnessed an increase in Investments from major investors such as 500 Start-ups, Intel Capital, RRJ, and more, over the past 5 years
4. High Delivery Costs, Restrictions on Trucks, Unforeseen Delays are some of the major Last-Mile Delivery Problems faced in China which hold back the industry growth
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5. But with the Implementation of Green Technology, Consolidated Shipping, and Move Planning, the players are trying to solve the issues and Improve the Overall Efficiency in the Logistics Market
6. Further, wider Investment in Modern Technology is the need of the hour as Embracing Technology will help streamline the process and help the Logistic industry to expand efficiently in China
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China Logistics and Warehousing Market
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