The fresh food e-commerce sector is expected to post rapid growth over the next five years as several enterprises in China have made investments in the sector, which is expected to stimulate the development of cold chain logistics.
Ever tried purchasing something online from a Chinese merchant and realized that it takes weeks to deliver your product - which sometimes doesn't even arrive after all that waiting and may lead to an argument with the merchant?
Alibaba Group will invest HK$2.82bn (US$455m) in appliance maker Haier Electronics Group in a deal aimed at expanding the Chinese e-commerce giant's logistics reach to the millions of consumers in China's vast interior.
DHL has introduced a second road/rail multimodal routing option for its overland service connecting Asia and Europe. Customers based in Chengdu can now board DHL's once-a-week service, which departs every Friday from Chengdu to Europe along China's West Corridor rail line through Kazakhstan and via DHL's intermodal hub in Małaszewicze, Poland.
China's exports surged more than expected in February in a possible sign of stronger global demand. Exports leaped 21.8 percent, well ahead of analysts' expectations of single-digit growth as companies shut down for the Lunar New Year holiday.
China Federation of Logistics and Purchasing (CFLP) made a preliminary estimation that China's social logistics value, the collective value of all logistics operations in the country, and the industry's added value, will be growing at a rate of 10 percent in 2013, and that there's little chance that the percentage logistics costs take up in the gross domestic product will drop.
The Supply Chain Group of third-party logistics provider LeanCor is expanding operations to the Chinese market. The unit will launch logistics services, training and education efforts to support the logistics, infrastructure and academic needs of Chinese and American companies.