[Exclusive] Wang Ming: New Development Opportunities Are Emerging for the Logistics Industry in 2024
Release date:
2024-01-05
Author:
Jinhua Logistics
In the virtuous cycle of mutually reinforcing consumption and investment in 2024, positive incentive effects are bound to emerge.
In 2024 In the virtuous cycle where consumption and investment reinforce each other, a positive incentive effect is bound to emerge.
Recently, the Central Economic Work Conference was held in Beijing, setting the tone for… 2024 The year’s economic work has been given clear direction. The meeting emphasized that, 2024 year We must leverage scientific and technological innovation to lead the development of a modern industrial system; focus on expanding domestic demand by unleashing latent consumption potential, scaling up investment that delivers tangible benefits, and fostering a virtuous cycle in which consumption and investment reinforce each other; deepen reforms in key areas; and further open China to the world at a higher level. Continuously and effectively prevent and defuse risks in key areas; steadfastly strengthen work related to agriculture, rural areas, and farmers; promote urban–rural integration and balanced regional development; and deepen efforts to advance ecological progress and green, low‑carbon development. For the logistics industry, these priorities represent both opportunities and significant challenges.
Development opportunities have emerged. 2023 This year, China’s logistics sector maintained overall stable operations and contributed to the economy’s steady, resilient, and secure development. Provided strong support. 2023 In the first three quarters of the year, the total social logistics volume nationwide… 249 Trillions of yuan, up year-on-year 4.8% , the total revenue of the logistics industry is 9.7 Trillions of yuan, up year-on-year 4.5% , is experiencing clear recovery-driven growth. Despite the significant challenges in upgrading the industry, as China expands… The policy effects of areas such as consumer spending, industrial upgrading, and the optimization of regional economic structures are gradually becoming evident, driving structural optimization and healthy development in China’s logistics sector. Development momentum continues to build, and supply-chain service providers as well as cross‑regional domestic and international logistics firms are performing better than traditional players. Enterprises in transportation, warehousing, and related sectors demonstrate that the capacity of industry‑chain and regional coordination is steadily expanding, laying a solid foundation for the logistics sector to enhance quality, boost efficiency, and reduce costs, while significantly strengthening its ability to support and lead the smooth functioning of the national economy.
2023 The development foundation laid by the logistics industry amid adversity, in… 2024 In the virtuous cycle where consumption and investment reinforce each other, positive incentive effects are bound to emerge, thereby opening up entirely new opportunities for development.
First, consumption and investment reinforce each other. In fact, this approach itself reflects a development model characterized by close interconnections within the supply chain. Accordingly, the market size and share of supply-chain logistics service providers will continue to expand, and their operating performance will further improve. If logistics is further integrated with both consumption and investment, the long‑sought goal of high‑quality logistics development will usher in a phase of value creation.
Second, driven by the development of the digital economy and the expansion of supply-chain logistics services, the previously highly fragmented transportation, warehousing, and distribution sectors… Logistics processes such as processing and last-mile delivery will, through resource integration and process reengineering, become an integral part of supply-chain logistics, inevitably leading to further improvements in industry operations. Moreover, with the gradual establishment of a network of national logistics hubs and national key cold-chain logistics bases, networked logistics services are set to enter a fast track of development.
Third, the integration of urban and rural areas and balanced regional development will foster the networking of logistics systems, innovation in logistics services, and… “Passage” + Hub + Network + Peace The logistics operations of the “Taiwan” initiative present opportunities and are conducive to fostering innovation in logistics service formats and business models anchored in the national backbone network.
Confront development challenges head-on. 2024 In this year, the foundation for the positive development of China’s logistics industry remains insufficiently solid, and the accumulated potential for high-quality growth… Supply remains inadequate, and the enabling environment for the stable development of innovative supply-chain logistics services remains weak. Once the effects of economic policies begin to materialize, two distinct sets of developmental challenges could emerge.
First, supply chain service innovation suffers from shortcomings in sustainability, particularly in supporting the domestic economic circulation and the dual circulation of domestic and international markets. The cross-regional supply chain capabilities of the circular economy remain weak. Against the backdrop of a complex international competitive landscape and intense domestic market saturation, short… The “plateau effect” tends to be amplified, and the insufficient support for China’s industries as they move up the global value chain hinders efforts to enhance the competitiveness of China’s manufacturing sector. and enhance value creation, while slowing the pace of industrial transformation and upgrading. Therefore, logistics enterprises and local governments should not be constrained by short-term development… It is difficult to be confused; instead, we should, in accordance with the dual coordination requirements of coordinated development of industrial and supply chains and regional coordination, promote the overall development of a modern industrial system. In exhibition design, turn challenges into opportunities and seize the favorable prospects for upgrading the industrial chain.
Second, there are issues concerning the overall strategic resolve of the logistics industry. The sector has broadly reached a consensus on modernization; in the face of immediate challenges and the emerging prospects for medium- to long-term development, it should abandon outdated approaches. The outdated development model based on price competition and thinking Wei, embarking on a new journey toward high-quality development, will steadfastly see through the strategy of high-quality modern logistics, contributing to China’s modern… It provides strong support and leadership for the development of the chemical industry system.
(The author is affiliated with the Comprehensive Transportation Research Institute of the National Development and Reform Commission.) Director and Researcher Wang Ming)
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