The logistics industry, like a meandering river, is constantly interpreting new chapters. With the rapid development of science and technology and the continuous deepening of the world's first-class, the logistics industry is ushering in great changes. At the 2023 (21st) Annual Meeting of China Logistics Entrepreneurs, He Liming, Secretary of the Party Committee and President of the China Federation of Logistics and Purchasing, delivered a speech entitled "Integrity and Innovation, Striving for the First, Leading the High-quality Development of Modern Logistics", which briefly analyzed the top ten development trends of China's modern logistics in 2024.
Top 10 development trends of modern logistics in China in 2024
——He Liming's speech at the 21st Annual Conference of China Logistics Entrepreneurs (excerpt).
Looking forward to 2024 and the coming period, China's logistics industry is in a period of exchanging speed for space, which puts forward higher requirements for the confidence and determination of entrepreneurs and the strategic decision of logistics enterprises.
China has proposed a new development pattern of dual circulation, which has opened up space for the high-quality development of modern logistics. With the upgrading of industry and consumption, the construction of a unified market requires modern logistics to smooth the domestic circulation. A higher level of opening-up, enterprises to speed up the "going out", the construction of a strong country needs modern logistics to drive the international cycle. The integration of domestic and foreign trade, the transfer of exports to domestic sales, and the integration into the global market require modern logistics to connect domestic and international dual circulation. Therefore, on the whole, China's modern logistics is expected to show some of the following development trends in the next stage:
First, it is stable, and the market maintains moderate growth. As fiscal and monetary policies become more proactive and precise, logistics demand is generally stable, and final consumption continues to recover, driving production and import demand to rebound steadily, and moderate market growth will become the norm for a certain period.
Second, structural adjustment and demand contribution continue to differentiate. Relying on the advantages of the super-large-scale market, the contribution of consumption to logistics demand will grow steadily;The manufacturing industry is moving towards the middle and high-end, lean logistics and first-chain services have become growth points, and service experience, fulfillment ability, safety and controllability will be more important.
The third is to improve quality and efficiency, and there is still potential to reduce costs. There is basically no room for extensive cost reduction to simply reduce transportation and warehousing, and gradually turn to "quality and efficiency cost reduction" focusing on improving quality and efficiency. Through resource integration, process optimization, and organizational adjustment, there is a huge space for reducing logistics "waste".
Fourth, the market is concentrated and the scale is intensively grown. The slowdown period of market growth is often a period of rapid growth of large-scale enterprises. The competitiveness of backbone logistics enterprises and platform enterprises will continue to improve, mergers and acquisitions, alliance integration, and platform construction will continue to make efforts to build a collaborative and symbiotic industrial ecology, and the industry market concentration will be steadily improved.
Fifth, industrial integration, systematic integration of the whole chain. The logistics industry deepens the integration with the manufacturing industry and the commerce and trade industry, builds a logistics service chain with industrial characteristics, opens up the whole chain of the first chain, colludes with the whole system of the industrial chain, and realizes the dual-chain linkage of the industrial chain and the logistics chain, which is expected to become a new source of profits.
Sixth, resilience and security, it is more urgent to ensure supply and stabilize the chain. China's economy has accelerated its integration into the international market, and territorial production and global circulation have become trends, and it is necessary to enhance the resilience and security level of the international chain. The international dependence of some important commodities is still high, and the role of logistics in ensuring supply and stabilizing the chain will become more prominent.
Seventh, the facilities are connected, and the logistics network is efficient and smooth. The infrastructure has deepened interconnection, and the international logistics channel has been continuously extended and expanded, bringing new opportunities for economic and trade development. The comprehensive transportation system is becoming more and more perfect, and the logistics infrastructure is strengthening the resource agglomeration, which is expected to drive the further transformation and upgrading of the regional economy.
Eighth, innovation-driven, digital transformation accelerated. The digital economy is becoming the starting point for the transformation of traditional industries, and the state proposes new quality productivity, which is to give full play to the advantages of the digital economy and platform enterprises, promote the integration of digital technology and the real economy, and fully embrace the Internet in traditional industries to recreate a new model of logistics development.
Nine is green and low-carbon, releasing the social value of logistics. The construction of Beautiful China is accelerating, China has restarted the voluntary greenhouse gas emission reduction trading market, and the logistics industry, as an important emission field of mobile sources, has gradually transformed the cost of logistics emission reduction into social value, which will help the industry to fully transform to green and low-carbon.
Ten is the joint efforts of multiple parties, and the overall coordination of industry co-governance. In the field of modern logistics, the most coordinated and policy synergies, the policy measures will be more effective, and the sense of policy acquisition will be enhanced. Industry associations have deepened the role of bridges, standards lead, and industry self-discipline. **Associations and enterprises work together to carry out industry co-governance and reach a consensus.
Source**: Modern Logistics News.