Logistics industry set for upgrade
Print Edition
The logistics industry is upgrading in the face of new digital retail operation models and the adoption of smart devices will pick up rapidly in the coming years, according to industry executives.
There were 40 billion parcels delivered in China in the first five months of the year, according to the State Post Bureau. Last year, the total was 83 billion following a 31-percent rise from the year before.
Zhang Yansheng, chief researcher at the China Center for International Economic Exchanges, expects retailers and manufacturers to shift to more tailor-made products to cater to demand in various regions and supply chains will be crucial to reaching booming consumer markets.
He expects global trade to return to pre-coronavirus pandemic levels in about two years, with a recovery rate faster than expected, and new supply chain models are being explored by industry players.
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