DAT Freight & Analytics has announced the acquisition of Flexport's Convoy digital freight platform to enhance freight matching technology and automation. This move aims to drive digital transformation in the industry and strengthen market competitiveness.
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.
Pre-pull transportation is a method of retrieving FCL goods from the port in advance and storing them in the carrier's warehouse, aimed at avoiding demurrage fees and increasing delivery flexibility. With this service, customers can ensure the safety of their goods while reasonably arranging delivery times, thereby reducing transportation costs.
Companies are leveraging digital transformation to tackle e-commerce competition by adopting Logistics as a Service (LaaS), data analytics, automation, and blockchain technology. This enhances logistics efficiency and customer experience, paving new avenues for business development.
Recently, Guangdong Province launched several policies to support cross-border e-commerce. These initiatives include eliminating the registration requirement for overseas warehouse companies, simplifying document declarations, enhancing the efficiency of LCL shipments, and promoting returns across regions, making it easier and more efficient for cross-border e-commerce sellers to conduct their business.
Modern Warehouse Management Systems (WMS) play a critical role in the e-commerce supply chain by enhancing storage efficiency and accuracy through real-time data sharing and intelligent functions. With the application of AI and machine learning, WMS is continually evolving to meet the fast-growing demands of the e-commerce sector.
DAT Freight & Analytics has announced the acquisition of Flexport's Convoy digital freight platform. This move will enhance its product offerings by integrating automation and digital freight matching technologies, bringing new development opportunities and value to the industry.
On July 1, 2017, China officially implemented four national logistics standards aimed at enhancing the standardization of logistics documents, improving highway transportation efficiency, ensuring the safety of warehouse shelving, and elevating the quality of appliance logistics services. These standards are set to promote the healthy development of the logistics industry and improve service efficiency.
SF Express Group has signed a cooperation agreement with Jilin Tonghua International Inland Port to advance pharmaceutical logistics, cold chain delivery, and warehouse management services. The partnership aims to leverage Tonghua's geographical advantages and abundant pharmaceutical resources. Operations are expected to launch within two weeks, contributing to Tonghua's goal of becoming 'China's Pharmaceutical City'.
Singapore can implement a duty deferment policy that allows foreign trade enterprises to leverage various programs, such as the zero GST warehouse scheme and the major exporter scheme, to reduce costs. To benefit from these policies, specific conditions must be met. It is advisable to consult local customs or professional service providers to ensure compliance.
