How Third Party Logistics Driving Freight and Logistics Market in China

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Summary

COVID-19 severely affected the operations and supply chain worldwide. China's logistics market was also affected to the greater extent but it has witnessed a strong market growth in recent years. We have analyzed the factors driving China Logistics Market growth post Covid-19 situation.

Press Release

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China is the world’s second-largest economy and is a major manufacturing hub for many foreign corporations. Since its reform and opening-up 40 years ago, China has undergone a significant transformation. The nation has witnessed tremendous growth in recent decades, and so as in the Chinese logistics market.

China Freight and Logistics Market has expanded steadily in recent years however, the production stagnation during the Covid-19 lockdown has severely affected China logistics market. China is leading not only in the global logistics market but also in providing logistic solutions technologies, all due to huge China Logistics Industry Infrastructure investment opportunities and the execution of the Belt and Road Initiative (BRI), which aims to overcome “bottleneck logistics.” On the other hand, “Made in China” and “Created in China” are reshaping China’s international reputation for quality and service.

According to the China freight and logistics market report published by Makreo Research, In terms of revenue, in 2019 the logistics industry’s total revenue rose by 9% YoY to Yuan XX trillion. The contribution rate of industrial logistics demand has slowed further, while domestic logistics demand has benefitted overall China logistics industry.

Container Shortage: A critical container shortage is pushing up shipping costs and delaying the delivery of goods purchased from China. The rising cost and container shortage is affecting international shipments and inversely affecting Freight and Logistics market.

Disruption of Logistics Network: China’s logistics capacity was severely depleted. Extensive regulations imposed by the Chinese government to combat Coronavirus not only reduce the virus’s spread but also invariably cut off the transport network.

To know more, please refer to the link https://www.makreo.com/report/china-logistics-industry-covid-19-impact-and-outlook-to-2026

The report published by Makreo Research and Consulting study China Logistics Market COVID-19 Impact in detail and also assess China Logistics Future Revenue. The report covers Logistics Infrastructure Development in China with a detailed analysis of all modes of transportation.

Key Questions Answered

What is the present scenario of China logistics market and what impact COVID-19 has left over the industry performance?
What all factors are contributing in the industry growth and what restraints are impacting industry performance?
How the industry is segmented and which segment has a dominant role to play?
How different modes of transportation are performing?
Which segment offers high growth prospects and what are the key forces?
How industry reacted to COVID-19 and what impact will it leave over industry future performance?
Who are the leading players and what is their present state of financials and business development?
To evaluate economic environment of the country and major macro-economic factors accounting for shift in the market performance.

Related Reports –

https://www.makreo.com/report/thailand-car-rental-market-future-outlook-to-2026-self-drive-to-propel-growth

https://www.makreo.com/report/philippines-logistics-and-freight-forwarding-industry-future-outlook-to-2027-covid-19-impact-assessment

 

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