Commenting on a recent report that suggests the global e-commerce logistics market grew by 27.3% in 2020 and will hit EUR557 billion by 2025, Simon Wong CEO of the U-Freight Group says his company is ready to meet the ever-increasing challenges of providing logistics services to this rapidly expanding sector of global trade.
Wong says: “Transport intelligence (Ti), a major provider of market research solutions to the global logistics industry, 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.
The CEO of the Hong Kong-based international freight forwarding and logistics group adds that at U-Freight, in its development of e-commerce logistics solutions, it is continually 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.
“Examples of those efforts 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.”