In August 2024, China's warehouse index rose to 50.2%, indicating a recovery in the industry. Key indicators such as end-of-period inventory, average inventory turnover, number of employees, and business expectations have improved. However, the new orders index remains below the prosperity line, suggesting that demand has not fully recovered.
China has recently revised the regulations governing international freight forwarding, clarifying shareholder structures to enhance market supervision. The new rules mandate that companies involved in import and export trade must have legal entities as major shareholders, achieving a controlling stake. This regulation takes effect immediately, bringing a new order and competitive advantages to the freight forwarding industry.
JD Logistics has launched a new equity incentive plan involving 29 million shares, with a market valuation exceeding 200 million RMB. Other logistics companies, such as SF Express, Aneng, Shentong, and Yunda, are also actively engaging in equity incentives through share buybacks and new stock issuances to retain talent and enhance competitive strength. Overall, equity incentives have become a commonly adopted strategy in the industry, fostering a positive cycle of shared interests between companies and employees.
At the 2024 Global Supply Chain Partnership Conference, COSCO Shipping Holdings launched three digital supply chain products and two industry solutions aimed at driving innovation in full-chain services. The new products, 'Flexi-Match,' 'Sea-Rail Connect,' and 'Global Easy,' focus on customer-selected services, integrated transportation modes, and one-stop global logistics, providing customers with a more flexible and convenient logistics experience, further promoting innovation in the supply chain ecosystem.
This article provides a detailed explanation of how to calculate international express shipping costs, including weight classification, fee structure, and additional charges. By understanding the differences between actual weight, dimensional weight, and chargeable weight, as well as the specific pricing methods for initial and additional weight, you can accurately calculate shipping costs. The article also covers considerations for extra packaging fees, remote area surcharges, and customs fees, offering comprehensive strategies for cost calculation to help you better manage your shipping budget.
The Chinese shipping industry is undergoing integration, with the restructuring of COSCO Group and China Shipping to enhance competitiveness. Investors might pay attention to opportunities such as China Shipping Container Lines.
The evolution of the logistics industry is influenced by various trends, making clear decision-making crucial. The logistics trend map presents 30 key trends in a comprehensive and interactive manner, helping businesses identify opportunities and challenges that affect them. Trends are categorized by impact and adoption rates, driving companies to optimize decisions and enhance competitiveness. This tool provides strategic insights for all types of businesses, emphasizing the importance of adapting to a rapidly changing market environment.
This article discusses the handling of lost bills of lading in the freight forwarding industry, particularly the challenges faced during transit. Loss of a bill of lading can lead to compensation issues, typically requiring a guarantee deposit or a bank guarantee letter from the shipping company for reissue. It is also recommended that freight forwarders properly retain both original and duplicate copies of bills of lading to mitigate risks.
This article explores the significance of Jambi Airport in Indonesia as an air transport hub. By analyzing its role in international freight forwarding and logistics processes, readers will gain a better understanding of the complexities and expertise involved in cargo transportation. Additionally, the article highlights available learning resources and customer support, assisting both newcomers and industry professionals in successfully adapting to changes and challenges in the air freight market.
Currently, foreign trade enterprises are facing high logistics costs, primarily due to the complexities of international transportation chains and inefficient traditional logistics models. Although policies aim to alleviate this burden, there are still many challenges in practice. The integration of internet technology offers a viable solution for optimizing logistics, promoting efficient resource integration and reducing transportation costs. In the future, the logistics industry is expected to develop towards intensification and intelligence.
