China's logistics enterprises have maintained overall stable development in the first quarter of 2024, with businesses of cold chain logistics, cross-border logistics and urban distribution showing active improvement, according to a report released by the China Federation of Logistics and Purchasing (CFLP) on Thursday.
The report said that during the period, affected by seasonal factors such as the Spring Festival holiday, the proportion of logistics enterprises registering declining business volume is relatively large, but the industry has shown overall stable development, with some business areas showing positive improvement.
In breakdown by business categories, the proportion of enterprises with increased business volume in cold chain logistics, cross-border logistics, and urban distribution is relatively high, all above 26 percent. In the service sector, the business volume of people's livelihood logistics, such as fast-moving consumer goods, e-commerce retail, and agricultural and sideline wholesale markets, grew relatively well, and the logistics recovery momentum in the import and export international trade sector was relatively stable.
As for business revenue, thanks to industrial quality upgrading, the proportion of enterprises with increased revenue from cold chain logistics and cross-border logistics is relatively high.
"Seen from the total business volume, the number of enterprises in the cold chain and consumer goods sectors is still rising in large quantities. This indicates massive demand for consumer goods logistics related to daily needs. Meanwhile, it reflects that the supply capacity of our logistics enterprises has been functioning well," said Liu Yuhang, director of the China Logistics Information Center.
Chinese logistics enterprises maintain overall stable development in Q1
